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90 \ a i,s -r T-Arirv\ [LOAD <br /> O <br /> CITY of ORONO <br /> ti Municipal Offices <br /> �� G~ Street Address: Mailing Address: <br /> �9kESI;O¢- 2750 Kelley Parkway P.O. Box 66 <br /> Orono, MN 55356 Crystal Bay, MN 55323-0066 <br /> October 26, 2004 <br /> Dear Project Area Residents; <br /> Sanitary Sewer Assessments <br /> 1. Assessment Amount and Time Period. <br /> The assessment amount adopted for your property is$6,4000.The assessment will appear on your 2005 <br /> tax statement and is for a 15-year period <br /> 2. Interest Rate. <br /> The interest rate applied to the assessment is 6.25%. <br /> 3. Initial Prepayment Period. <br /> The final date for full or partial prepayment of the assessment without interest is Monday,November <br /> 30th, 2004. <br /> 4. Future Prepayment Periods. <br /> Beginning in 2005, and every year thereafter, the remaining outstanding assessment may be paid off <br /> in full before November 15th, or interest will be charged through December 31 of the next succeeding <br /> year. <br /> Senior Citizen Assessment Deferral <br /> Owners of homestead property who are 65 years or older may apply for a deferment of the special assessment if <br /> they meet the income criteria set forth in City Council Resolution#2864. <br /> Thank you for your assistance in this matter. Please contact me at 952-249-4621 should you have any <br /> questions. <br /> Sincerely; <br /> cs),,),//, <br /> Greg Gappa <br /> Director of Public Services <br /> Telephone(952)249-4600 • Fax(952)249-4616 <br /> www.ci.orono.mn.us <br />