Agenda - Council - 09/08/2020 - Laserfiche WebLink

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Project costs are being funded in part by the City, in part by Capstone Homes, and in part by AKM Farms/Paxmar. The proposed cost contributions are outlined in the attached assessment amounts model. Capstone Homes requested that the City assess them for all project costs benefitting their property. However, AKM Farms/Paxmar is generally not supportive of being assessed at this time for these improvements. The Chapter 429 assessment process is therefore being followed requiring a final Assessment Hearing, which Staff is requesting Council to call for at 7 p.m. on October 13, 2020. The City is contributing to project costs for two reasons. First, the City owns 4 acres of real property fronting Puma Street. Second, Puma Street is a collector street on our Municipal State Aid System, which benefits more than the immediate area. The City's share of street and trail project costs will be funded from Anoka County Redevelopment Authority (ACHRA) funds as authorized pursuant to Resolution #20-141. All trunk utility project costs will be paid from City sewer and water funds. The developer's share of trunk utility costs will be recovered through trunk fees at the time of development. All storm sewer improvement costs will be paid using storm sewer funds. At the time this report was prepared, construction of the project was incomplete. Staff anticipates that the project will be substantially complete before the Assessment Hearing is held. Staff will use final construction costs as much as possible to calculate final assessments before publishing and mailing notices for the Assessment Hearing. The City Council will be asked to adopt final assessments following public input at the Assessment Hearing on October 13, 2020. Recommendation: Staff recommends adopting Resolution #20-195 ordering the Assessment Roll and calling for the Assessment Hearing for Improvement Project #20-04, Puma Street Improvements. Action: Adopt Resolution #20-195 ordering the Assessment Roll and calling for the Assessment Hearing for Improvement Project #20-04, Puma Street Improvements. Attachments Resolution 20-195 Puma St Plans Title Sheet Riverstone Dev AKM Farms Paxmar Dev Assessment Model Form Review Inbox Reviewed By Date Kurt Ulrich Kurt Ulrich 09/03/2020 03:07 PM Form Started By: Bruce Westby Started On: 09/02/2020 08:43 AM Final Approval Date: 09/03/2020