The balance of any unpaid storm sewer system charges as of October 1 of any year shall
be certified to the county department of property taxation for collection at an interest
rate as determined by the city's "pool rate" or borrowing rate if bonds were used
to finance the improvement, as set by the treasury manager at the time the storm sewer
system charge is adopted by the city council plus a factor to cover the city's cost
as determined by the valuation and assessments engineer and treasury manager, with
real estate taxes in the following year pursuant to Minnesota Statutes, Section 444.075,
Subdivision 3.
