Agenda - Council - 10/09/2018 - Laserfiche WebLink

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Notice for this Assessment Hearing was published in the City's official newspaper, the Anoka Union Herald, on Friday, September 21, 2018. Assessment Hearing Notices were also mailed to all property owners proposed to be assessed for the improvements as required per Minnesota State Statute Chapter 429. Attached is a copy of the Assessment Hearing Notice as mailed to benefiting property owners. Anoka County requires that assessments be certified to the County Auditor by November 16, 2018 for collection on 2019 taxes. This deadline will be met by conducting the Assessment Hearing at the October 9th City Council meeting. Observations/Alternatives: Observations: Public Comment Staff conducted a public information meeting prior to the Improvement Hearing. Only one property owner attended and they were supportive of the project as proposed for their neighborhood (Woodland Green). This was the only public comment received by Staff. Staff met with numerous property owners during construction to coordinate construction of various improvements adjacent to or otherwise affecting the use of their properties. Before this case was published, no formal comments or objections regarding final proposed assessments had been received by Staff. If any formal comments or objections are received after this case is published, Staff will share this information with Council prior to the Public Hearing. Alternatives: Alternative #1 — Motion to adopt Resolution #18-215 adopting the final assessment roll certifying assessments for Improvement Project #18-03, 2018 Street Overlay Improvements. Alternative #2 — Motion to deny adoption of Resolution #18-215 at this time. Funding Source: These improvements are proposed to be funded using a combination of 2015 — 2019 Street Reconstruction and Overlay Program (SROP) bond funds, special assessments to benefiting properties, stormwater utility funds, and a small amount of sewer and water funds. A more detailed cost accounting will be presented prior to the Assessment Hearing. Street Reconstruction and Overlay Program (SROP) bond funds These bond funds will initially pay for all project costs not covered by stormwater utility funds and/or sewer and water funds. Over the next 10 years, all special assessments collected for this project, which could total up to $143,531.60, will be applied to offset a portion of the bond payments. Special Assessments Construction of this project is complete, and the Contractor and City project inspector have agreed upon final construction costs in the amount of $503,622.53. Final project costs, which include final construction costs plus 14% indirect costs to cover administrative, engineering, finance and legal costs, were used to calculate the final proposed assessments. Final proposed assessments for this project vary by project area as follows; Project Area (Development Final Per Lot No. Lots Total Assessment Name) Assessment Assessed Amount The North Forty 2nd I $856.50 115 I $12,847.50 The North Forty 3rd I $1,425.20 126 I $37,055.20 Northfork 2nd & 3rd I $1,395.90 118 I $25,126.20 Northfork I $958.40 112 I $11,500.80