Agenda - Council - 10/13/2020 - Laserfiche WebLink

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Property/Party Paxmar/AKM Farms (Outlot A, Alpha Development) City (Outlot B, Alpha a Development 2nd Addition) Capstone/Riverstone (Outlot H, Riverstone = 38.97 Acres + Outlot A, Alpha Development 2nd Addition = 1.09 Acres) Total Net Acreage 30.50 2.91 40.06 Percentage 41.5% 4.0% Assessment Amount $140,733.64 $13,564.69 54.5% $184,818.88 73.471— 100.0% $339,117.21 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, which requires an Assessment Hearing and publishing and mailing the hearing notices. Copies of the City's Special Assessments Policy, State Statute Chapter 429, and Chapter 8 of the City Charter are attached for reference. Over the last five years, special benefit consultation reports have typically been prepared for street reconstruction projects, with the results of these reports being used to defend final assessment amounts. Each report generally costs $6,500 and is accounted for as an indirect project cost. A special benefit consultation report was prepared for this project since the Chapter 429 assessment process is being followed, and since this year's assessments are being levied against large lot undeveloped parcels so the results from past reports are not directly applicable to this project. The table below shows the range of indicated special benefit to benefiting properties per the report completed for this project. Pro ert Gross Land p y Northfork Meadows East of Puma Drive City Property East of Puma Drive Riverstone 4th Addition West of Puma Drive Size 30.50 AC 4.10 AC 38.97 AC Resulting Indicated Range of Special Benefit $240,000 to $334,000 $38,500 to $50,500 $467,000 to $618,000 Anoka County Redevelopment Authority Funds The City's share of street and trail project costs are being funded from Anoka County Redevelopment Authority (ACHRA) funds. Utility Enterprise Funds Trunk utility project costs are being 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. Stormwater Funds Storm sewer project costs are being paid from stormwater funds. Recommendation: Staff recommends adopting Resolution #20-229 adopting the final assessment roll certifying assessments for Improvement Project #20-04, Puma Street Improvements. Action: Adopt Resolution #20-229 adopting the final assessment roll certifying assessments for Improvement Project #20-04, Puma Street Improvements.