Agenda - Council - 10/13/2015 - Laserfiche WebLink

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An Improvement Hearing was held for this project on March 24, 2015. No comments were received at the hearing. Notification: Notice for this hearing was published once in the City's official newspaper, the Anoka Union Herald, on Friday, September 25th. Individual notices of the hearing were also mailed to property owners proposed to be assessed for the improvements. Attached is a copy of the Assessment Hearing Notice that was mailed to residents on September 25th, which exceeded the 2 week notice requirement as defined by State statute. Observations/Alternatives: Observations: All proposed work for this project has been completed. However, the contractor has agreed to repair three small areas that have some surface irregularities. These areas will be repaired by heating the pavement up and re -rolling it to achieve a smooth surface. Final project costs will be presented in detail at the time Council is requested to approve final payment which is anticipated to occur this year yet, following the repairs to the three areas discussed earlier. Proposed Assessments The final assessment staff is proposing for this project is $728.90 per assessable property, which is significantly less than the preliminarily approved assessment rate of $1,280 per property. This is because the final project costs, which are estimated to be $326,547.20 including 25% indirect costs for administration, engineering, finance and legal costs, is substantially less than the original estimated project cost of $634,880. The total number of benefiting assessable properties has also been reduced from 124 to 112. Following Council approval of the project, several property owners approached Staff with questions about their assessment and upon discussing the project in more detail Staff determined they should not be assessed for this project, primarily due to access locations. In addition, 3 properties proposed to be assessed in the Northfork development were contested and following further review these properties were removed from the assessment rolls. Several other properties were removed as a result of changes in project termini that occurred in the field for various reasons. As part of this project the City Council approved the preparation of a special benefit consultation report to verify that the special assessments would not exceed the value to benefited properties. Based on the consultation report, it is anticipated that properties benefiting from the improvements and proposed to be assessed will be enhanced in value by approximately $1,700 to $13,000 per property. The higher amount is an outlier. Two properties on the Northfork Golf Course are anticipated to receive enhanced value of $10,000 and $13,000 each. When these numbers are removed from the list, the rest of the enhanced values range between $1,700 and $2,200 per single-family residential property. The proposed interest rate for special assessments is 4.16%, and assessments are proposed to carry a 10 year term. The attached hearing notice includes a schedule of payment showing annual payments including principal and interest. No assessment deferrals have been requested, or are being proposed with this project. Public Comment At the time this report was written, no additional comments regarding special assessments were received following the March public hearing. Anoka County requires that assessments be certified to the County Auditor by the end of November for collection on next year's taxes. This deadline will be met by conducting the Assessment Hearing this evening. Alternatives: Alternative Action #1 — Motion to adopt Resolution #15-10-254 adopting the assessment roll certifying 2015 Street