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TO: City Council Members <br /> <br />FROM: City Administrator <br /> <br />RE: Green Acres Law <br /> <br />1) In checking with the League of Minnesota Cities on the Green Acres <br />law in regards to special assessments, they gave me the following infor- <br />mation: <br /> <br />a) All special assessments on land that is under the Green <br />Acres Act are deferred until such property is removed from the <br />provision of said law. <br /> <br />b) It should be noted that neither the principal or the interest <br />on the special assessments are paid by the property owner while <br />it remains under the Green Acres law. Consequently, the City of <br />Ramsey would have to levy X many dollars to cover this cost in an <br />improvement project. However, down the pike the City would <br />eventually recover this expenditure when the property ceased to <br />be covered by the Green Acres law. <br /> <br />c) It should also be noted that platted lands qualify for the <br />Green Acres law as long as it's being used for agriculture. <br /> <br />2) Council will have to establish a policy in regards to the payment of <br />special assessments on land when it ceasees to qualify under the Green Acres <br />law. Under the law as it now reads, the individual has 90 days to pa~cthe <br />principal interest. However, the law does leave open-ends where the Council <br />can establish a policy which will dictate how the special assessment will <br />be paid on land removed from the Green Acres law. <br /> <br />LGS:sb <br /> <br /> <br />