The Finance/Human Resources Department is responsible for the City's accounting and human resources activities. It also provides internal support services to all city departments. This includes:
- Preparing annual financial report and budget documents
- Processing payments to vendor
- Receipting payments for city services
- Payroll and benefits administration
- General accounting transactions
- Cash management and banking relationships
- Debt management
- Risk management and loss control
- Overseeing the City's information systems
- Administration of special assessments
- Administration of TIF districts
- Implementation of financial and internal controls
In addition, the Department is responsible for the preparation of the budget, annual financial report, and a 5-year capital improvement plan.
Can I defer the assessment?
City policy allows deferred payment of special assessments for any homestead property owned by a person 65 years of age or older or retired due to a permanent and total disability for which it would be a hardship to make the payments. The policy determines your eligibility based on income and property value limits. A deferment is good for 1 year and must be reapplied for every year by September 1.
A deferment does not reduce or forgive the amount owed, rather it postpones the payment. During the deferment, interest will accrue on the unpaid amount at the annual interest rate. The assessment plus interest will become due when you no longer qualify for the deferral.
If you are interested in learning about the income, property value and other qualifying requirements for a deferral, contact the Finance Director at 952-882-2691. The policy and an application will be sent to you.
How much is my assessment?
The amount of the assessment charged is based on the type of improvement. The City’s fee schedule, which is adopted each year, lists assessed amounts for common improvements such as a mill and overlay as well as full depth mill and overlay.
What is the term of my assessment?
The assessment is payable over a number of years determined by the type of improvement. The interest rate will be the municipal bond rate at the time of the bond sale in the market plus two percent. For a mill and overlay, the assessment is payable over a five (5) year period. For full depth mill and overlay, the assessment is payable over a fifteen (15) year period.
When is the assessment placed on my property?
A pending assessment is placed on your property once the project is ordered by the City Council. Assessments are then adopted by City Council after substantial completion of the project.