09-08-1980 Council Minutes Public Hearing sewer assessments

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Telephone 473-7357• Page 9 ,�,'..� C�'�T�' Of O��l�T�? ;� �� - � .- .::J• �i' • .:t}t':;'_y;��;3 Post Office Box 66•Crystal Bay,Minnesota 55323•Municipal Offices ��r��- � On the North Shore of Lake Minnetonka e `. �_.°�� • -• - Public Information Hearing , August 20 , 1980 Sanitary Sewer Project LS-1980-1 , 1980-2 Dear Property Owner : Hopefully each of you has now received from the City a notice for the special assessment hearing of September 8 , 1980 to consider the adoption of the assessment roll and the proposed special assessment to be levied against your property . Set forth hereinafter is a general description of the remaining procedural steps to be taken by the City and the answers to some frequently asked questions . 1. What is the status of Easement Acquisition? The City needs approximately 45 signed easements for the project . These easements have been mailed to the affected property owners . Please execute those easements and return them to the City. If you have any questions , call �ike Gaffron at 473-7357 . 2. When will the assessment roll be adopted ? The City Council most likely will adopt an assessment ro�l on September 8 , 1980 , which assessment roll will include the final special assessment for each property . 3. When will the final decision on the project be made? The City Council will 'make the final decision on whether to order the contractor to proceed with all of the project , part of the project , or cancel the project on or about October 10, 1980. 4. How will the project be financed? Bonds will be sold in the amount of $1 , 205 ,000 or lesser amount if only a portion of the project is ordered on or about October 15-20, 1980. We expect the bonds will be purchased at 8 - 8-1/2°� and will be repayable in equal principal installments over 15 years .