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♦ Public hearing on the proposed assessment This hearing is for the following two purposes: ■ To provide an opportunity for the city to present evidence showing that the market value of each parcel will increase as a result of the improvement. The increase must be equal to or in excess of the amount of the special assessment. To give affected property owners an opportunity to express their concerns about the actual special assessment levy. ♦ Approval and certification of assessment rolls. After the public hearing,the council must approve the assessment rolls in their final form so the clerk can certify them to the county auditor. If the adopted assessment differs from the proposed assessment,the clerk must mail the property [ owner notice of the new amount. ♦ Issuance of obligations to finance the improvement. Most cities use one of three types of bonds to finance special assessments: improvement bonds, improvement warrants, or temporary improvement bonds. See the Local Improvement Guide(LMC 515A l A.3) and Chapter 25 of the Handbook for Minnesota Cities for further discussion of these types of obligations. ♦ Levying and collecting assessments. The clerk must certify the assessments to the county auditor. This may be done I either by certifying the entire assessment roll all at once, or by certifying each yearly amount annually. 6. What happens if the city doesn't follow the required procedure? If the city doesn't follow the proper procedure, a special i n assessment can be challenged in court by the property owner. The 1 cost of defending such a lawsuit can be expensive for the city, even if the city is successful. If the city loses the case, it will be Istopped from making the special assessment and ordered to go though a reassessment process. Local Improvement Guide 1 i f