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HomeMy WebLinkAbout2012-07-18 PACKET 08.B.REQUEST OF CITY COUNCIL ACTION COUNCIL AGENDA MEETING ITEM # DATE 7/18/2012 a PREPARED BY Finance Robin Roland ORIGINATING DEPARTMENT DEPARTMENT HEAD w w w w w w w w w w w x x x w x w w w w w w w w w w w w w x w x w x x w w w w w w w w w w x x x COUNCIL ACTION REQUEST Consider adopting assessments for the West Point Douglas Road Extension Project. STAFF RECOMMENDATION Adopt the resolution adopting assessments. The public hearing for these assessments was held at the June 6, 2012 Regular Council Meeting and action was tabled to this meeting due to lack of a sufficient number of Council members in attendance to vote on adoption of the assessments. SUPPORTING DOCUMENTS ® MEMO /LETTER: Memo from Robin Roland. ® RESOLUTION: Draft. ❑ ORDINANCE: ❑ ENGINEERING RECOMMENDATION: ❑ LEGAL RECOMMENDATION: ® OTHER: Assessment Roll. ADMINISTRATORS COMMENTS IGr ,1PiimiFRiM 1( Date w w w w w w w w w w w x x x w w w w w w w w w w w w w w x x w x w w w x w w w w w w w w w w w x COUNCIL ACTION TAKEN: ❑ APPROVED ❑ DENIED ❑ OTHER Document3 City of Cottage Grove TO: Honorable Mayor and City Council Ryan Schroeder, City Administrator FROM: Robin Roland, Finance Director Jennifer Levitt, City Engineer Brenda Peper, Assistant Finance Director l DATE: July2012 v RE: Adopt assessment roll — West Point Douglas Road Extension Introduction At the June 6, 2012 meeting, the City Council held a public hearing for the West Point Douglas Road Extension Assessments. After all those wishing to speak at the hearing were heard, the public hearing was closed. However the adoption of the final assessment roll was tabled to the July 18, 2012 meeting. Discussion Subsequent to the close of the public hearing, a separate agreement was reached with the Swenson's. Assessments for the Swenson property which were originally presented on the June 6th assessment roll have been revised accordingly. However, no other changes have been made to the remaining commercial property assessments. The following chart shows the proposed value of the assessment and also shows the comparison of the value indicated in the feasibility report. The feasibility report value was determined using the City's policy as outlined in the IMTF report. Property Feasibility Report Value Final Assessment Value Difference Erickson Marine $212,797.65 $50,000 $162,797.65 Gerlach's $66,830.88 $20,000 $46,830.88 Dubois Remodel $80,791.61 $35,000 $45,791.61 Swenson $192,684.42 $46,200 $146,484.42 Swenson $28,452.94 $8,800 $19,652.94 Action Requested Adopt the resolution with the assessment roll for the properties as presented. RESOLUTION NO. 12- RESOLUTION ADOPTING ASSESSMENTS FOR THE WEST POINT DOUGLAS ROAD EXTENSION PROJECT WHEREAS, pursuant to proper notice duly given as required by law, the Council has met and heard and passed upon all objections to the proposed assessment of the West Point Douglas Road Extension Project. NOW THEREFORE BE IT RESOLVED, the City Council of Cottage Grove, County of Washington, State of Minnesota, as follows: 1. Such proposed assessment, in the amount of $160,000, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to benefit by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall 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, 2013, and shall bear interest on the entire assessment from the date of this resolution until December 31, 2013. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The owner, of any property so assessed may, at any time prior to certification of the assessment to the County Auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the City Treasurer, except no interest shall be charged if the entire assessment or on any amount $500 or greater is paid within 30 days from the adoption of this resolution; and she/he may, at any time thereafter, pay to the City Treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. 4. The Director of Finance shall transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax lists of the County. Such assessment shall be collected and paid over in the same manner as other municipal taxes. Passed this 18th day of July, 2012. Myro B i y, Mayor Attest: Caron Stransky, City CI rk Y O O O O O Q O ON N O O oc C O O M w O W d W Vr �p Vr C O O O O O Q N O O O O O N O 6 N i O O' N Ut ifr iPr O io y: b ° o � O O O N Q 0 N rl d N P N N V+ Vi Eh �p W a Q tl} M N ° � N U) ° Z K N N ¢ J N N (n O o J z Q Oo° =N 0o ON y Y Iu6 y( O p �n � .W W 0 C A 6 z z ptn pui� al'1� a a V to az E z � O O J LL N a C7 p (7 m l7 Q p 0 a o 0 3 Z 0 E a 0 z u a N N N 6 ] t0 N rl 7 'i V � Y Y Q Q ? z O a Z z z Z O ¢ w ° O O 50 So 3�gw wan an c7 zz zz g o� p N _ O O� V �Q O wM wtn w Kn ° u�i0 tli0 Q O O O O O O O O O O M N Q V V S V N N N N N 6 N N N N N N O O O O O y