Agenda - Council - 07/27/1999 - Laserfiche WebLink

Home

The lateral charge is $6,769 per acre, which was determined by dividing the lateral project cost by the benefited 11 ~5 acres. Below is a listing of the five properties that have been determined to be benefited by this project. These properties are illustrated in Exhibit 1 and are only properties located on the west side of C.R. #57. The functional classification of the highway and the general layout of the Hunters Hill subdivision will require separate sewer and water utilities to service properties on the east side of the County road. The parcel south of Parcel A is serviced by existing sewer and water mains. The parcel north of Parcel E is determined to receive no benefit since there is only 250 feet of non-wetland frontage for this 115-acre parcel. This parcel will very likely be further subdivided to accommodate development, and it will be more appropriate to collect utility contributions at the time of development. A summary of assessment costs is presented in the table below for each parcel benefited. A previous interest survey has indicated that parcels B and C are not ready to connect to municipal utilities at this time, and it is therefore proposed that the assessments on these two parcels be deferred until such time as they elect to connect or the property is sold. It is proposed that interest be charged on all assessments, including those deferred, from the time the assessment resolution is passed. The assessment would be payable over a five-year period at an estimated rate of 7.5%. DISTRIBUTION OF PROJECT COSTS Parcel PIN Owner Area A 27-32-25-41-0004 Waste Management 2.02 B 27-32-25-41-0005 Koenig Insulation 2.02 C 27-32-25-41-0006 Champlin Towing 1.83 D 27-32-25-41-0003 Waltek 4.31 E 27-32-25-41-0002 Waste Management 1.32 TOTALS: 11.50 Trunk Lateral Total Annual Charge Charg.e. Assess. Cost 18,834 I3,674 32,508 8,036 18,834 13,674 32,508 8,036 17,063 12,387 29,450 7,280 40,186 29,174 69,360 17,146 12,308 8,935 21,243. 5,251 107,225 77,844 185,069 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. An assessment hearing will be held identifying the actual costs (or the costs determined from the actual b/d) to be recovered by special assessment. Each property 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, 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 five-year period with interest at a rate of two percent (2%) above the U.St Treasury rate at the time of the special assessment heating. I I I I I i I I I I I I I I