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HomeMy WebLinkAbout2010-12-01 PACKET 04.E.COUNCIL AGENDA MEETING ITEM # LJ !A i 1 C Finance R COUNCIL ACTION REQUEST Adopt the resolution authorizing a one year special assessment for PID 33- 027 -21 -31 -0004 for the 2010 Pavement Management Project STAFF RECOMMENDATION: Adopt the resolution authorizing a one year special assessment for PID 33- 027 -21 -31 -0004 for the 2010 Pavement Management Project BUDGET IMPLICATION: BUDGETED AMOUNT ACTUAL AMOUNT ADVISORY COMMISSION ACTION DATE REVIEWED APPROVED DENIED ❑ PLANNING ❑ ❑ ❑ ❑ PUBLIC SAFETY ❑ ❑ ❑ ❑ PUBLIC WORKS ❑ ❑ ❑ • PARKS AND RECREATION ❑ ❑ ❑ • HUMAN SERVICES /RIGHTS ❑ ❑ ❑ ❑ ECONOMIC DEV. AUTHORITY ❑ ❑ ❑ ❑ ❑ ❑ ❑ all N. 0 014 14111 t� 4 COUNCIL ACTT TAKE VAPPROVEDDENIE N:\councii items \cc action form year sa 120110.doc *< -::?040AM City of Cottage Grove Finance Department TO: Honorable Mayor and City Council Ryan Schroeder, City Administrator FROM: Robin Roland, Finance Director DATE: November 22, 2010 SUBJECT: Consider Resolution authorizing special treatment of 2010 Pavement Management Special Assessment for PID 33-027-21-31-0004 I=. q Staff has received a request from a resident who participates in the State of Minnesota Senior Citizen Tax Deferral program for special treatment of the 2010 Pavement Management special assessment certified against her property. Discussion Ms Hilda Dunbar, 8285 River Acres Road, is a participant in the Senior Citizen Property Tax Deferral program offered through the State of Minnesota. Through this program, the property owner pays a "frozen" amount towards their property taxes each year and the County bills the state for the difference between what the property owner pays and what is owed. That difference is covered by a low interest loan which then accrues as a lien against the property until the death of the property owner or the sale of the enrolled property, when it is paid off. Rather than deferring the 2010 Pavement Management special assessment separately under the City Ordinance, Ms Dunbar requested that the entire amount of the special assessment against her property ($3,413.50) be certified for only one year (2011) instead of the 15 years adopted in Resolution 2010-163 on October 20, 2010. If this is done, the special assessment (with one year at 7% interest) will be paid in its entirety in 2011 through the State Senior Citizen Property Tax Deferral program. Adopt the attached resolution authorizing a one year term for the $3,413.50 2010 Pavement Management special assessment for PID 33-027-21-31-0004. WHEREAS, pursuant to proper notice duly given as required by law, the Council adopted Resolution 2010 -163 on October 20, 2010 regarding the assessment of the 2010 Pavement Management River Acres (District H) Road Project; and WHEREAS, Resolution 2010 -163 called for such assessment to be payable in equal annual installments extending over a period of 15 years, at an interest rate of 7 %, the first of the installments to be payable on or before the first Monday in January, 2011, and shall bear interest on the entire assessment from the date of this resolution until December 31, 2011; and WHEREAS, the property at 8285 River Acres Road (PID 33- 027 -21 -31 -0004) was identified in the aforementioned assessment roll with an assessment of $3,413.50; and WHEREAS, said property is enrolled in the State of Minnesota Senior Citizen Tax Deferral program and as such, collection of the special assessment amount is best done within a significantly shorter time period than 15 years. NOW THEREFORE BE IT RESOLVED, the City Council of Cottage Grove, County of Washington, State of Minnesota, that the special assessment of $3,413.50 for the 2010 Pavement Management for PID 33- 027 -21 -31 -004 be certified to Washington County in one installment , at 7% interest, to be collected with the payable 2011 property taxes. Passed this 1 st day of December 2010.