Admin Order 44-09-09-F - Laserfiche WebLink

Home Browse Search

ASSESSMENT ACCOUNTS FEE SCHEDULE (Effective for assessment accounts included in Local Improvement Districts formed after October 15, 2004, except as noted below.) Rate Description All Assessment Accounts Fee Financial Services Fee .......................................... ............................... 5% (Charged to, and included in all assessment accounts, based on total assessment, excluding engineering costs) Assessment Installment Accounts Interim Interest Rate *; SDC Interest Rate; and Equivalent Assessment Interest Rate ....................................... ............................... Rate shall be a fixed rate *Charged on all assessment accounts payable for the period equal to the prime rate as between the assessment date and the issuance of long -term debt. reported by the St. Louis Effective for special assessments levied by ordinance of the City Federal Reserve Bank on Council after May 5, 2006 Assessments levied between October 15, the date of the assessment 2004 and May 5, 2006 remain subject to 6% interest. plus 200 basis points (or 2 percentage points). Long -Term Interest Rate ........................................ ............................... 1.5% above rate payable by City on the long -term debt Special Assessment Administrative Fee ................ ............................... $420.00 plus 1.5% of *Effective for special assessments levied by ordinance of the City Property Owner's Council after October 29, 2008. Assessments levied between Assessment October 15, 2004, and October 29, 2008, remain subject to %% fee. Equivalent Assessment Administrative Fee ........... ............................... $1.75 /month Late Fee ................................................................. ............................... $5.00 or 5% whichever is (Monthly or semi - annual payment received ten (10) days or more greater after due date) Exhibit A to Administrative Order No. 44- 09 -09 -F