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CASS COUNTY <br />June 25, 2021 <br />Board of County Commissioners 211 9th ST S <br />Fargo ND 58103 <br />RECENEO CA88 COUNTY COMMISSION <br />JUN 2 5 2021 <br />RE: Greyhawk Estates Subdivision Improvement Fund <br />Finance Office <br />Telephone: 701-241-5600 Fax: 701-241-5728 SM B-FIN@casscountynd.gov <br />Dear Commissioners: <br />The bonds and interest for the Greyhawk Estates Subdivision Improvement Fund have been fully retired. This was an improvement district the county constructed in 2005 using a special assessment district. Once the bonds and interest have been retired the county Special Assessment District Policy requires that 25% of the remaining balance be transferred to the Special Assessment Deficiency Fund and the remaining 75% be transferred to appropriate board for maintenance of the project. <br />When this district was formed the subdivision was in Stanley Township, that area has now been annexed <br />into the City of Horace. We have $7,160.06 remaining in the fund. <br />Sincerely, <br />��+� Cass County Finance Director <br />SUGGESTED MOTION: <br />Move to transfer $1,790.06 to the Special Assessment Deficiency Fund and to remit $5,370 to the City of Horace along with a letter requesting that they use the funds for maintenance of the improved street in the Greyhawk Estates Subdivision. <br />211 9th Street South, Fargo, ND 58103 I www.casscountynd.gov