Minnesota Session Laws - 1985, Regular Session

  

                         Laws of Minnesota 1985 

                        CHAPTER 146-S.F.No. 1131 
           An act relating to the city of South St. Paul; 
          providing for the financing of certain public 
          improvements. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [SOUTH ST. PAUL; SEWER IMPROVEMENTS.] 
    If the city of South St. Paul issues bonds under Minnesota 
Statutes, section 115.46 to finance the cost of separation of 
its combined storm and sanitary sewer system, the city may 
refund all or any part of the collections of special assessments 
previously levied and collected with respect to any part of the 
sewer separation project and may include in the principal amount 
of the bonds issued an amount sufficient to make the refunds. To 
make the refunds the city may use money derived from the sale of 
bonds as authorized in the preceding sentence, money in the 
city's general fund, or both.  
    Sec. 2.  [PRIOR SPECIAL ASSESSMENTS.] 
    If the city of South St. Paul refunds the special 
assessments collected with respect to its sewer separation 
project as authorized by section 1, the city may cancel all 
remaining installments of the special assessments, but if the 
special assessments are pledged to the payment of improvement 
bonds issued by the city under Minnesota Statutes, chapter 429, 
the city shall, prior to the cancellation, levy and certify to 
the Dakota County auditor, in the manner provided in Minnesota 
Statutes, section 475.61, a direct general ad valorem tax upon 
all taxable property in the city collectible for a number of 
years and in amounts which, when combined with the collections 
of any other general ad valorem taxes previously levied with 
respect to the improvement bonds, will yield not less than five 
percent more than the amount needed to meet when due the 
principal and interest payments on the improvement bonds, and 
shall irrevocably appropriate the taxes so levied to the debt 
service fund or account created for the payment of the 
improvement bonds.  
    Sec. 3.  [PUBLIC HEARINGS.] 
    If the governing body of the city of South St. Paul 
proposes to refund previously collected special assessments or 
to impose a property tax for the cost of completing the 
separation of its combined storm and sanitary sewer system 
pursuant to sections 1 and 2, it shall conduct a public hearing 
on the question according to the procedures for hearing after 
mailed notice as provided in Minnesota Statutes, section 
429.031, subdivision 1.  
    Sec. 4.  [EFFECTIVE DATE.] 
    This act is effective the day following final enactment. 
    Approved May 20, 1985