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- 12 - <br /> <br />interest at such rate as the resolution determines, not exceeding <br />the maximum period and rate specified above. In the latter <br />event, no prepayment shall be accepted under Subdivision 3 <br />without payment of all installments due to and including December <br />31 of the year of prepayment, together with the original <br />principal amount reduced only by the amounts or principal <br />included in such installments, computed on an annual amortization <br />basis. When payment of an assessment is deferred, as authorized <br />in this subdivision, interest thereon for the period of deferment <br />may be made payable annually at the same times as the principal <br />installments of the assessment would have been payable if not <br />deferred; or interest for this period may be added to the <br />principal amount of the assessment when it becomes payable; or, <br />if so provided in the resolution levying the assessment, interest <br />thereon to December 31 of the year before the first installment <br />is payable may be forgiven. <br /> <br /> Subdivision 3. Transmitted to Auditor~ Prepayment. After <br />the adoption of the assessment, the Clerk shall transmit a <br />certified duplicate of the assessment roll with each <br />installment, including interest, set forth separately to the <br />Anoka County Auditor to be extended on the proper tax lists of <br />the County; but in lieu of such certification, the Council may <br />in its discretion direct the Clerk to file all assessment roll <br />in his office and to certify annually to the County Auditor, on <br />or before October 10 in each year, the total amount of <br />installments of and interest on assessments on each parcel of <br />land in the City which are to become due in the following year. <br />If any installment and interest has not been so certified <br />prior to the year when it is due, the Clerk shall forthwith <br />certify the same to the County Auditor for collection the then <br />succeeding year; and if the City has issued improvement warrants <br />to finance the improvement, it shall pay out of its general <br />funds into the fund of the improvement interest on the then <br />unpaid balance of the assessment for the year or years during <br />which the collection of such installment is postponed. Ail <br />assessments and interest thereon shall be collected and paid <br />over in the same manner as other municipal taxes. The owner of <br />any property so assessed may, at any time prior to certification <br />of the assessment or the first installment thereof to the County <br />Auditor, pay the whole of the assessment on such property, with <br />interest accured to the date of payment, to the City Treasurer, <br />except that no interest shall be charged if the entire <br />assessment is paid within thirty days from the adoption thereof; <br />and except as hereinafter provided, he may at any time prior to <br />November 15 of any year, prepay to the Treasurer of the City, <br />the whole assessment remaining due with interest accrued to <br />December 31 of the year in which said prepayment is made. If the <br />assessment roll is retained by the City Clerk, the installment <br />and interest in process of collection on the current tax list <br />shall be paid to the County Treasurer and the remaining <br />principal balance of the assessment, if paid, shall be paid to <br /> <br /> <br />