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Untitled t � ° _. DEPARTMENT OF FINANCE AND ADMINISTRATION • • 300 West Ash Street•P.0.Box 736 a.. b�t V �•�" ' a_, Salina, Kansas 67402-0736 r ,> Rodney Franz, Director c t r r • 0-0-7 Telephone(785)826-7240•FAX(785)826-7244•E-Mail rod.tranz@salina.org sRLinA July 14, 2000 4�\ 44 1.a Mr. John Rupright r/S Farm and Family Insurance Assoc., Inc Ve9-1 2125-A Ea st Crawford SO Box K46 G Salina, KS 67402-0646 41:( �JJJ Qc/ �V Re: Special Assessment vD Dear Mr. Rupright: 19) We are in receipt of your check for Special Assessments totaling $1,223.49. We received this payment on July 10, 2000. The original due date for this was June 19, 2000. After that date, the amount is rolled into long term financing, and the City—and property owner—become liable for the principal amount plus the future stream of interest payments. On this property, this totals$1,596.93 over the next 10 years. We do have one alternative to full payment. If you wish, you may pay a lump sum amount into an escrow fund we will hold, and make your annual assessment payments on your behalf. Credit is extended for anticipated future interest earnings on your funds, and a small administrative fee(XX)X)is charged. With this alternative, the lump sum payment due on or before August 1 will be $1,415.94 or$192.45 in addition to what you have already paid. I have attached a sheet showing the calculation on the prepayment required. If you wish to pursue this alternative, please let us know and provide an additional check in the amount of $192.45 before August 1. If we have not heard from you by that time, your check will be returned, and the full amount of the assessment will be applied over the next ten years. Si cerely Rodney Franz Director of Fi ance U:00RIVE\Escro A ssessment Escrov ARupnghl Assesmenl.doc , • ..--1 . City of Salina Special Assessment Prepayment Form Legal Description: Summary of Findings: Tract# 16878 Job Number 98-1150-1 Total Future Assessments Due: $1,596.93 Other Description: TR 61 Of 7.1-31K 2 WILBUR Amount of Prepayment Required: $1,415.94 PDD .. Savings on Prepayment: $180.99 Date of Payment • 08/01/00 Discount Rate Used: - '4:00%0 Year of First Prepaid Assessment 2000 First prepaid Present Total assesment Value of Remaining Scheduled Scheduled Principal and Escrow Adm. Total Due due Total Due Balance Principal Interest Interest Fee From Escrow Interest Earned 12/20/061 $208.72 $1,415.94 $122.35 . _.... __ $79.53 , ', $201:88., $10.09 $211.97 $21.88 12/20/01 $192.63 $1,225.85 1 ' $122.35' $71.57 ,',• '1$193.92;l $9.70 $203.62 $49.03 12/20/02 $173.99 $1,071.26 i $122.35 $59.95 , $182.30{1 $9.12 $191.42 $42.85 12/20/03 $148.52 $922.70 $122.35 $39.61 , - "'$161!96, $8.10 $170.06 $36.91 12/20/04 $138.18 $789.55 ! $122.35 $34.50 $156.851 $7.84 $164.69 $31.67 12/20/05 $128.15 $656.53 $122.35 $29.06 '- - $151.41, $7.57 $158.98 $26.26 12/20/06 $118.60 $523.81 $122.35 $23.49 $145.84 $7.29 $153.13 $20.95 12/20/07 $109.50 $391.63 . $122.35 $17.80 : $140.15 $7.01 $147.16 $15.67 12/20/08 $100.79 $260.13 $122.35 $11.93 $134.28' $6.71 $140.99 $10.43 12/20/09 $92.56 $129.57 $122.35 $5.99 , • $128.34 $6.42 $134.76 $5.18 12/20/10 $0.00 ($0.00) $0.00 ;" $0.00 $0.00 ($0.00) 12/20/11 $0.00 ($0.00)." $0.00 , $0.00 $0.00 ($0.00) 12/20/12 $0.00 ($0.00)!' $0.00 ' $0.00 $0.00 ($0.00) 12/20/13 $0.00 ($0.00)'; $0.00 $0.00 $0.00 ($0.00) 12/20/14 $0.00 ($0.00); $0.00 ' r $0.00 $0.00 ($0.00) Totals $1,415.94 $1,223.50 $373.43 $1,596.93 $79.85 $1,676.78 $260.84 • Q .\e concerned e°9 96 t'm o� 0 2125-A East Crawford, P.O. Box 646 amil ,u Salina, Kansas 67402-0646 (913) 825-1769 INSURANCE ASSOC., INC. Nail WATS (800) 541-6705 July 6, 2000 Mr. Rod Franz Director of Finance City of Salina Dept. of Finance PO Box 736 Salina, KS 67402-0736 Mr. Franz: Please note that the property referred to on the enclosed invoice has switched hands. It now belongs to John Rupright, PO Box 646, Salina, KS. I am sending a check for$1223.49, the full amount of the sidewalk assessment. I apologize for sending it late but due to a misunderstanding in my office it failed to get paid. If you have any questions or if I need to take further action please call me or my partner, Dexter Umekubo, at my office. That number is 825-1769. Thank you, . John Rupright 1 Department of Finance and Administration Jo' ''�. r;;; City Clerk 300 West Ash St. Suite. 206• P.O. Box 736 SDLIfla Salina,Kansas 67402-0736 Rodney Franz, Finance Director• Judy D. Long, City Clerk Telephone(785) 826-7240• Fax(785)726-7244 May 18, 2000 RaGfittSztainN=FregeFFP V-, OCT 2cnn_ em _ �r P.o, by6 $A sct . wci tCl 6-1'(o2-OG.t6 Dear Property Owner: On May 15, 2000 the Salina City Commission held a public hearing regarding special assessments for improvements to property y0u own. These special assessments were set by ordinance on May 15, 2000. The following statement shows the amount of the assessment to be S 1,223.49. You have the fo • 'ng-optiUf : 1) The assessment may be paid in full or part at this time. To do this, return the yellow copy of this statement, with your check, by June 19, 2000. If paid in part, the unpaid balance will be assessed by the method below. • 2) You may choose to pay your assessment with your property taxes over the next fifteen years. The City will issue 15 year general obligation bonds to provide for the long term financing of the improvements. The principal and interest will be calculated (1/15 of the principal, plus interest on the unpaid principal) and certified to the County Clerk to be included on your annual property tax bill. The interest rate will be set when the bonds are sold, but it is not expected to exceed 6.0%. To accept this option, do not pay the amount on this statement. No payment is required at this time and you do not need to notify our office of your decision, unless you would like to make a payment. Property Information: Tract Number 16878 Legal Description Lot PT 7, Blk 002 WILBUR PDD Job Number 98-1150-1 _ Principal Amount S 1,223.49 Improvements: 4" Sidewalk Improvement First year of Assessment- 2000 Last year of Assessment - 2014 If you have any questions regarding this matter, please feel free to contact our office. Sincerely, Rod Fran Director of Finance • SA505ODF Special Assessments - Work With Tract Assessments 7/14/00 09:27:28 Job: 98-1150-1 Sidewalk Improvements-Crawford Street Marymount to Fairdale Rd. (North Side) Tract# Lot Block Subdivision 16878 PT 7 002 390 WILBUR PDD Lgl: TR 6 OF LT 7 BLK 2 Type options, press ENTER. 2-Change 4-Delete 5-Display Opt Year Principal Interest Payments Assessment _ 2000 122 .3490 79.5269 . 00 201.88 _ 2001 122 .3490 71.5742 . 00 193 .92 _ 2002 122 .3490 59.9510 . 00 182 .30 _ 2003 122 .3490 39. 6105 . 00 161.96 _ 2004 122 .3490 34 .5024 . 00 156.85 _ 2005 122 .3490 29. 0579 . 00 151.41 _ 2006 122 .3490 23 .4910 . 00 145.84 _ 2007 122 .3490 - 17. 8018 . 00 140.15 _ 2008 122.3490 11. 9290 . 00 134 .28 2009 122 .3490 5 . 9951 . 00 128.34 Help F3=Exit FS=Refresh F6=Create F12=Cancel City of Salina (_`a ; 7/19/2000 P.O. Box 736 Salina, Kansas 67402-0736 RECEIPT NO. 9924 sauna 130 DESCRIPTION AMOUNT PREPAID SP Tract# 16878 Job# 98-1150-1 1,415 .94 553-000 557.000 rs CHECK 17608 1, 223 .49 CHECK 17674 192.45 RECEIVED `,f FROM. Farm & Family Insurance Assoc TOTAL PAID 1,415.94 ORIGINAL RECEIPT _ _ _ DEPARTMENT OF FINANCE AND ADMINISTRATION •' a:��, 300 West Ash Street•P.O.Box 736 +�V Salina, Kansas 67402-0736 11 Rodney Franz, Director r • 0—F—t Telephone(785)826-7240•FAX(785)826-7244•E-Mail rorl.franz©salina.org sALinR July 14, 2000 Mr. John Rupright Farm and Family Insurance Assoc., Inc 2125-A East Crawford PO Box 646 Salina, KS 67402-0646 Re: Special Assessment Dear Mr. Rupright: We are in receipt of your check for Special Assessments totaling$1,223.49. We received this payment on July 10, 2000. The original due date for this was June 19, 2000. After that date, the amount is rolled into long term financing, and the City—and property owner—become liable for the principal amount plus the future stream of interest payments. On this property, this totals$1,596.93 over the next 10 years. We do have one alternative to full payment. If you wish, you may pay a lump sum amount into an escrow fund we will hold, and make your annual assessment payments on your behalf. Credit is extended for anticipated future interest earnings on your funds, and a small administrative fee (XX)X) is charged. With this alternative,the lump sum payment due on or before August 1 will be$1,415.94 or$192.45 in addition to what you have already paid. I have attached a sheet showing the calculation on the prepayment required. If you wish to pursue this alternative, please let us know and provide an additional check in the amount of $192.45 before August 1. If we have not heard from you by that time, your check will be returned, and the full amount of the assessment will be applied over the next ten years. Sincerely, Rodney Franz Director of Finance U:DDRIVE\Escrow\Assessmenl Escrow\Rupnght Assesmenl.doc FROM THE DESK OF. . �Y b £ Penny Pow C I T Y O FE saunaCity Clerk's Office M Account Clerk/Finance Dept. 785-826-7240 July 19, 2000 The payment for this special assessment was received on 7/10/00, which was after the deadline for pre-payments (6/19/00). Rod spoke with the people, and we did a pre- payment schedule, for which they sent a second check to cover the balance due. We did not have them sign an escrow agreement, so there is not one attached.