§ 18-1. Prepayment

(a) Prepayment in full within 30 days. Property owners may pay any special assessment in full, interest free, for a period of 30 days after the assessment role has been approved at the assessment hearing. Such a payment shall be made to the city treasurer/finance director.

(b) Partial prepayment. Prior to November 15 of the year the assessment role has been approved, a property owner may make a partial prepayment of the special assessment. Such payment shall be made to the city treasurer/finance director. Such partial prepayment must be at least $100.00. If the partial prepayment is made 31 or more days after the assessment role is approved, interest will be charged on the amount of the partial prepayment from the date specified in the resolution and paid along with the partial prepayment. After November 15, prepayment will be accepted pursuant to Minn. Stats. § 429.061, subd. 3.

(c) Multiple assessments. If a parcel has two or more separate special assessments, repayment may be made on one or more.

(Ord. No. 2006-111, §§ 1, 3, 4, 10-4-2006)

refstatelaw

Partial prepayment authorized, Minn. Stats. § 429.061, subd. 3.