Ordinance - #84-08 - 09/25/1984 - Laserfiche WebLink

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,210.01.19 Improvements Abandoned. Subdivision 1. Cancellation of Assessments. When a local improvement proposed to be made'by'~he City ~is abandoned before it is completed to an extent sufficient to result in benefits equal to special assessments which have theretofore been levied for such improvement, the City shall notify the agency acting as collecting agent for such special assessment, of such fact. Upon such notification, all installments of such assessments and interest thereon which are not already collected or in the process of collection shall be cancelled by such agency. However, nothing herein shall prevent the City from making a re- assessment of any amount not exceeding the special benefits which actually accrue from the improvement to part or all of the properties originally assessed, and nothing herein shall affect the obligation of the City to provide funds sufficient to pay any bonds issued to finance the improvement and the interest thereon. Subdivision 2. Refund of Assessments. The Council shall instruct the City Cle~'k to publish and mail notice as provided for in 210.01.10, Subdivision 1, describing the improvement and stating that it has been abandoned and that any person who paid any special assessments levied on account of such improvement may file a claim, within six months following the date of publication of the notice, for refund of such assessments paid by him/her, together with any interest he/she paid theron. Failure to give mailed notice or any defects in the notice, shall not invalidate the proceedings. The City is not required to, but may, pay such claims filed after the period allowed, and it may require any claimant to furnish satisfactory evidence that he/she be paid the amounts claimed. Such claims may be paid out of monies in the fund of the improvement which was abandoned, unless obligations have been issued payable therefrom, or may be paid out of monies in the general fund. Subdivision 3. Transfer of Assessments Not Cancelled or Refunded. Any such assessments not caheelle~'unde'r Subdivision ~' above, or not refunded under Subdivision 2 above, shall be transferred to the general fund or the public improvement revolving fund established by the City, if not needed to pay costs of the improvement and if not held in a debt redemption fund. 210.01.20 Transfer Of Funds After Improvements Completed; Refunds. Any monies now or herafter regaining in a fund heretofore or hereafter created by the City for making one or more local improvements, after such improvement or improvements have been completed and all claims against and obligations of said fund have been satisfied, shall be transferred to the general fund or the public improvement revolving fund provided that the Council may, in its discretion, authorize and direct the