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r. <br />COUNCIL MEEHNO <br />MAY 12 1997 <br />REQUEST FOR COUNCIL ACTION <br />CTTYOFORONO <br />DATE: May 8,1997 <br />ITEM NO:/3 <br />Department Approval: <br />Name RonMoorse <br />Title City Administrator <br />Administrator Reviewed:Agenda Section: <br />City Administrator’s <br />Report <br />Item Description: <br />Partial Payment of Special Assessments - Ordinance <br />When the city levies special assessments on benefitted properties for public improvement projects, <br />there generally is some interest in prepaying at least a portion of the special assessment. State <br />statutes allow prepay of assessments if the total assessment amount is prepaid. State statutes allow <br />prepayment of a portion of the total assessment amount only if the city has adopted an ordinance <br />allowing partial prepayment of assessments. The Council has adopted ordinances allowing <br />prepayment of assessments in the past. However, these ordinances were specific to a particular <br />public improvement project. The ordinance currently proposed is a more general ordinance vdiich <br />allows partial prepayment of assessment for any public improvement project. <br />COUNCIL ACTION REQUESTED: <br />Motion to adopt the attached ordinance allowing partial prepayment of assessments. <br />1