Agenda - Council - 04/08/1980 - Laserfiche WebLink

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TO: Mayor and City Council FROM: Ramsey City Staff RE: Staff comments as related to the findings of fact. DATE: March 26, 1980 1) In view of the fact that the criteria for determining a buildable lot is established by City ordinance the City assessing policy has to be consistant with the ordinance. If the City fails to be consistant it is liable to establish a precedence that they will not be able to ~work with in the future. 2) Financing of this public improvement project ~ The financing of this project was wholly financed by the individually benefitted property owners. Consequently, the deletion of any unitsthat were assessed will mean that the costs of these benefits must be paid by interest earned on revenues from prepaid assessments and other interests earned from bond money during construction. It should be noted by the City Council that there will be a certain amount of tax forfeit land where assessments will not be paid on a given project during thepay-off span. It should also be noted that the bond issue was for $950,000 which covered a total of nine projects. Consequently,~the law requires that each preceedingyear of a bond payment there is adequate funding in the respective bond to cover principal and interest for the forth-' coming year. If the bond fund does not have adequate funds in the pre-. ceeding year or for the forth coming year (October 12) then the City is required by law to levy by ad volarm tax the additional funds necessary. 3) Public hearing setting assessment roles - The public hearing that establishes the assessment roles is the most critical part of the total project as it receives the engineering report on the total cost~ total units to be assessed and units not to be assessed because of lack of benefit. Secondly, it receives citizen input on aspects of the project construction or lack of benefit. Thirdly, the City Council takes the final action determining who will be assessed, who will not be assessed for the lack of benefit, and sets unit costs for those benefitted to cover the project cost. 4) After assessment roles have been established by the City Council, any further deletion or deferment of assessments should only be con- sidered in very unique situations and should not be outside the City's criteria for determining a buildable lot as established by City Ordinance.