Agenda - Council - 02/08/2005 - Laserfiche WebLink

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In addition to the direct project costs, trUnk asSessments will be levied on the parcels which will be receiving sewer and water availability. While the development status of' some of the assessed parcels may change ir~ the ~ture, these trunk assessments will be based upon each of the parcels current zoning status. If for example one existing single family parcel is subdivided into two' single family-parcels, it is proposed that one trunk unit assessment will be assessed under this project and that the additional trunk 'unit assessment would be collected at the time of the subdivision under the terms of the development agreement, The summary of assessments which is presented in shown in Appendix D shows that $17,793 will be collected from tl~ee parcels benefi;t, ed by this project. This amount will Partially offset the trunk fund expenditure caused by this- project. This project also provides the potential to collect additional trunk and lateral benefit charges without additional construction costs if adjacent parcel subdivide or develop to a more intensive land use. A sulnn~ary of assessments shown by individual parcel is contained in Appendix D. The project will have a final tabulation made on actual project costs consistent with the methodology described in this report, A publ.i.c hearing will be held identifying the actual costs to be recovered by special assessment. EaCh property may, at any time prior to certification of tlxe assessment to the:County Auditor, pay the whole of the assessment 6n 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 ten year period with interest at a rate of two percent '(2%, above the U.S. Treasury rate at the time of the special assessment hearing. PROJECT SCHEDULE This project is anticipated to proceed under the regulations of Chapter 4 of City Code and State Statutes 429 which regulate special assessment Public improvement projects. A schedule for the prog-ress of this project .is anticipated as follows: · February 8, 2005 · March 8, 2005 · May 10,2005 · June [4,2005 · Julyl2, 2005 · August 2005 September 27, 2005 · iV[ay 2006 Present 'feasibility study to City Council and Order public hearing Hold public hearing Authorize project by City Council (60 days after public hearing) Receive plans and specifications and authorize bids Receive bids and award construction contract 'Construct project Hold assessment hearing and levy assessments First assessment payment due 4