Agenda - Council - 03/11/2008 - Laserfiche WebLink

Home

It is the City's policy to assess property owners a fixed percentage of the total project cost of the improvements for projects associated with the annual street maintenance program. In the case of bituminous overlays this percentage is 50% of the total project cost. In the case of seal coat projects the council has determined that it desires to phase out the assessment. This will be accomplished over a seven year period beginning with the 2008 program. Since 1991 the percentage assessed for such projects has been 50% with a 100 % assessment prior to that time. In each of the next seven years the assessment percentage will be decreased evenly until year 2014 when the assessment for sealcoats will be completely eliminated. This change is reflected in the summary of assessment policies which is contained in Appendix B. For the 2008 program sealcoats will be assessed 43% of the total project cost. Properties are assessed equally regardless of front footages or property size since corner lots and cul -de -sac lots, which are common within the City, would receive widely disparate assessments. Since projects are generally classified by subdivisions which have similar ` characteristics and lot sizes, it is felt that there is a fair apportionment of project costs when assessed equally within the individual subdivisions. Table 5 contains the distribution of costs between the City and the benefited parties. A listing of benefited properties is listed in the preliminary assessment role contained in Appendix C. The costs contained within this report are estimated. costs. The projects will have a final tabulation made on actual project costs consistent with the methodology described in this report. A public hearing will be held identifying the actual costs to be recovered by special assessment. Each property may, at any time prior to certification of the assessment to the County Auditor, pay y whole of the assessment on such property, with interest, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of the assessment resolution. Special assessments reported to Anoka County shall be payable over a three -year period for sealcoating projects, and over a ten -year period for bituminous overlaying projects, with interest at a rate of two percent (2 %) above the U.S. Treasury rate at the time of the special assessment hearing. PROJECTED .PROJECT SCHEDULE A schedule for the milestones associated with this project is presented in Table 6 —117-