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

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Counclmember introduced the following resolution and moved for its adoption: RESOLU'T'ION #09 -11- A RESOLUTION AUTHORIZING DIVISION OF REMAINING ASSESSMENT BALANCE FOR IMPROVEMENT PROJECT #05 -23 BETWEEN TWO OF THREE LOTS OF EBONY, WOODS WHEREAS, on June 17, 2008, the City granted final plat approval to Tim Holm, hereinafter referred to as "Applicant ", for a minor subdivision to re -plat one lot into three, buildable lots on the following legally described properties located in the City of Ramsey That Part of Lot 1, Block 1, Riverview Bowl Lying Southerly of Westerly Extension of North Line Lot 2 Side Block 1, Together With Lot 3, Block 4 Riverside West, Subject to Easement of Record -or upon recording Lots 1, 2, and 3, Block 1, Ebony Woods (the "Subject Property "); and WHEREAS, the Subject Property was issued an assessment in the amount of Forty Three Thousand Fifty Two Dollars and No Cents ($43,052) related to Improvement Project #05 -23 (the "Assessment "); and WHEREAS, the Applicant has made total payments to date in the amount of Seventeen Thousand Two Hundred Twenty Dollars and Eighty Cents ($17,220.$0), leaving a remaining balance of Twenty Five Thousand Eight Hundred Thirty One Dollars and Twenty Cents ($25,831.20) (the "Remaining Balance ") on the Assessment; and WHEREAS, the Remaining Balance needs to be divided between Lots 1, 2, and 3, Block 1, Ebony Woods; and WHEREAS, the City has the authority and discretion to divide the assessments as it feels fair and equitable; and WHEREAS, the City in the past has divided remaining assessment balances equally among newly subdivided parcels based on lot size; and WHEREAS, the Applicant has requested that the Remaining Balance be divided equally among :Lots 1 and 2 with no assessment balance attributed to Lot 3; and WHEREAS, the City would still receive payments on the Remaining Balance from the Applicant until the Remaining Balance is paid in full or when the Lots 1 and 2 or sold, in which case the Remaining Balance for the lot being sold must be paid in full upon sale; and WHEREAS, the Applicant has a delinquent tax payment in the amount of Five Thousand Nine Hundred Sixty Four Dollars and Sixty Nine Cents ($5,964.69); and WHEREAS, the Applicant has not made a tax payment for 2009, for a total tax Cumulative Due in the amount of Eleven Thousand Sixty One Dollars and Forty Two Cents ($11,061.42); and WHEREAS, the Applicant has' outstanding balance on Escrow 4110465 in the amount of Nine Hundred Twenty Four Dollars and Ninety Nine Cents ($924.99).