Agenda - Council - 02/22/2005 - Laserfiche WebLink

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annual notice, for a gtven calendar ~ear, :ach parcel owner must pay, on or before February 1st of that calendar year, .an amoul!t equal to thei amount of the prior year's allocation of Parking Maintenance Costs until the City COuncil approves a budget and adopts a resolution allocating Parking Maintenance Costs for (that calendar year and the City provides mailed notice of the inforlnation described in Section;11. ~ 14. Deficit~[, Surplu~'~S and ~dit Rights, Each year the City will engage the City's attditors to [review/au[ditj the ~ty's~ boof{~andrecords relating to the operation of the Parking Improvements to dete/'rnine if t~ aOtuai ?rkihg Maintenance Costs for the prior calendar year were more than or less. than the~:amOunt set forth in the City Council's approved budget for that prior calendar year and will mail to theo~wner;0f each Parcel, at the address the Anoka County Assessor's office maintains for the distribution of real estate tax statements for the Parcel, a notice stating the amOunt of andy deficit., or :surplus or a statement that there is no deficit or surplus. The City must complete the', [rev!ew/audit] and mail the notices on or before of each Year. If there 18 a dqficit,,.each owner is obhgated to pay to the City, within 30 days after the owner's receipt~0fthe no~ice described in this Section 14, an amount determined by multiplying the amOunt of tlie deficit by the Allocated Share assigned to the owner's Parcel during the prior year. If there ~s a SurplOsl the City must credit against the amounts due from each Parcel owner in .the following, cale~ndar :year an amount determined by multiplying the amount of the surplus ;by the AlloCated Share',assigned to the owner's Parcel during the prior calendar year. The notice descri~bed in thi~ Section 14 must, in addition to stating the amount of the surplus or deficit, state the ~l!ocated Share assigned to each Parcel in the prior calendar year and, in the case of a deficit, the additional :mount each Parcel owner is obligated to pay pursuant to this Section 14 or, in the case of a surplus, the amount of the credit each owner will receive. The cost of the [revieW/audit] p~rovid, ed fqr in this Section 14 is a Parking Maintenance Cost for the year in which the ireview/aj!diti is conducted. The City must make the City's books and records relating to the Parking MaintenanCe Costs the City incurs and the City's allocation of the Parking Maintenance costs amor~g and c01iecti6n of Parking Maintenance Costs from the Parcel owners available for to'Parcel owners for !ns~ peetion, examination and copying during the City's regular business hours. The citYmay rexlU~ire~alParcel owner that desires to inspect, examine or copy the City's books and records t°prov,.ide :the City with reasonable advance notice to allow the City to assemble the books and records, and may charge the Parcel owner the City's actual cost lbr any stafftime devoted tO!assembiigg the books and records, monitoring the Parcel owner or its representative during his :6r her ingpecti0n and examination and may charge the Parcel owner for any copies the Parcel OWner reqdegts. · 15. The City's Lien ,f~' U,npaid parking Maintenance Cost. The City has a lien on each Parcel fo,' the amount of tied Paickingl ~aintenance Costs the City Council allocates to the Parcel pursuant to Section 9 and £or any additioha1 amounts due with respect to the Parcel under Section 14. To provide record:nOtice of !ts lien, the City must record a notice of lien in the Anoka County land records. A notice ofilien must include the legal description of the Parcel subject to the City's lien and the amoUnts due With respect to the Parcel as of the date of the notice of lien. The CitY's lien h,as priority Over: all liens, encumbrances and other interests that are first recorded in the Anoka C0J, lnty land records after the City's recording of its notice of lien. The City may only foreclose itS; !ieni by judicial action. Foreclosure by advertisement is not permitted. The period of redemption forl Parcel owners is six months from the date of the foreclosure sale. If the City brings an laction to recover a judgment for unpaid Parking 1713529v5 : 7