Agenda - Council - 10/27/2009 - Laserfiche WebLink

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However, a search of the Property Account Summary for the Subject Property indicates the last tax payment came on May 15, 2008, The Account shows a delinquent tax balance of $5,964,69. In addition, it does not appear that taxes have been paid for 2009 for a total Cumulative Due of $11,061,42. It appears that over half of the outstanding payment due is attributed to the Special Assessment for IP #05- 23, In addition, and outstanding balance of approximately $1,000 remains on Escrow #110465 (Ebony Woods). If the Subject Property were to enter into foreclosure, taxes and special assessments would be collected as liens against the Subject Property. Recommendation: Unless the delinquent tax payments are paid in full, Staff cannot recommend dividing the remaining assessment balance equally among Lots 1 and 2, Block 1, Ebony Woods. However, by approving the request, it may provide the needed capital to move the project forward and allow the plat to be recorded, thus opening up the potential for additional sales. Staff would entertain a recommendation for approval should the delinquent bills be paid in full. Council Action; Motion to adopt Resolution 09 -11 -_ _-_ approving the request to divide the remaining assessment balance equally among Lots I and 2, Block 1, Ebony Woods, subject to payment of all delinquent taxes and fees. Tor- Motion to deny the request to divide the remaining assessment balance equally among Lots I and 2, Block 1, Ebony Woods and divide the remaining assessment balance between all three lots, based on lot size. Review Checklist: � �— City Administrator Planning Manager Assistant City Engineer City Attorney Finance Director CC: 14/13/2009 Attachments: a) Site location map b) Special Assessment Report c) Property Account Summary d) Proposed Resolution related to Assessment Balance