§ 315.11. Special assessments for local improvements: prepayment.

Subdivision 1. This Section applies to special assessments imposed against real property for local improvements under the provisions of Minnesota Statutes, chapter 429.

Subd. 2. Prepayment in whole. The owner of property assessed for a local improvement may pay the whole of such assessment in the manner provided by Minnesota Statutes, section 429.061, subdivision 3.

Subd. 3. Prepayment in part. The owner of property assessed for a local improvement, where the total principal amount of the assessment against such property exceeds $300.00, may pay any part of the assessment, without interest, to the Finance Director. The partial payment may be made within 30 days after the adoption of the assessment roll containing the assessment. The Finance Director shall reduce the principal amount of such assessment by the amount of the prepayment prior to the certification of the assessment roll or the first installment thereof to the county auditor. The remaining unpaid balance of the assessment shall be payable in the same number of years and with the same rate of interest as set forth in the assessment containing the assessment. No partial prepayment of less than $100.00 may be made.

(Bill No. 2018-9)