April 11 SJN

CITY OF ST. JOSEPH PUBLIC HEARING

PROPOSED ASSESSMENT – 2014 PARK TERRACE IMPROVEMENTS

TO WHOM IT MAY CONCERN:

Notice is hereby given that the council will meet at 6:30 p.m. Thursday, May 1, 2014, at the St. Joseph City Hall, 25 College Ave. N. to consider, and possibly adopt, the proposed assessment for the 2014 Park Terrace improvements which affects the following areas: along the north side of Minnesota Street (CSAH 2) between a point 400 feet west of 4th Avenue NW and 3rd Avenue NW, along 4th Avenue NW between Minnesota Street W (CSAH 2) and Birch Street W, along 5th Avenue NW between 4th Avenue NW, and a point 200 feet north of Birch Street W, along Ash Street W between 5th Avenue NW and 2nd Avenue NW, and along Old Highway 52 between Birch Street W and a point 200 feet NW of Birch Street W.

Adoption by the council of the proposed assessment may occur at the hearing. The area listed above is proposed to be assessed. The proposed assessment is proposed to be payable in equal annual installments extending over a period of 15 years, the first of the installments to be payable on or before the first Monday in January 2015, and will bear interest at the rate of 5.5 percent per annum from the date of the adoption of the assessment resolution. To the first installment shall be added interest on the entire assessment from the date of the assessment resolution until Dec. 31, 2014. To each subsequent installment when due shall be added interest for one year on all unpaid installments.

You may at any time prior to certification of the assessment to the county auditor, pay the entire assessment on such property, with interest accrued to the date of payment, to the City of St. Joseph. No interest shall be charged if the entire assessment is paid within 30 days from the adoption of this assessment. You may at any time thereafter, pay to the City of St. Joseph the entire amount of the assessment remaining unpaid, with interest accrued to Dec. 31 of the year in which such payment is made. Such payment must be made before Nov. 15 or interest will be charged through Dec. 31 of the succeeding year. If you decide not to prepay the assessment before the date given above the rate of interest that will apply is 5.5 percent per year. You have the right to partially prepay the assessment with any balance being certified to the County Auditor for collection under the terms described above.

The proposed assessment roll is on file for public inspection at the city clerk’s office. The total amount of the proposed assessment is $461,974.34. Written or oral objections will be considered at the meeting. No appeal to district court may be taken as to the amount of an assessment unless a written objection signed by the affected property owner is filed with the municipal clerk prior to the assessment hearing or presented to the presiding officer at the hearing. The council may upon such notice consider any objection to the amount of a proposed individual assessment at an adjourned meeting upon such further notice to the affected property owners as it deems advisable.