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CC Work Session 2.4. <br />Meeting Date: 11/09/2021 <br />Information <br />Title: <br />Special Assessment/Franchise Fee Rebate Alternatives <br />Purpose/Background: <br />Per Section 1(n) of the Franchise Fee Ordinances that were adopted on July 28, 2020: <br />Rebate Program. The City will rebate the lesser annual amount paid for franchise fees versus special assessments <br />(those assessed beginning year 2015) over the remaining term of the special assessments, regardless if the <br />assessment was pre -paid or is currently being paid through property taxes. Rebates will be in the form of a check to <br />qualifying property addresses who have submitted an annual rebate application form. This rebate program applies <br />strictly to qualifying property addresses during the effective term of their current assessment or this Ordinance, <br />whichever expires first. If a qualifying property is sold during the effective term of their current assessment, the <br />rebate program is no longer eligible for that respective property. <br />With the termination of the franchise fee, effective, December 31, 2021, staff would like direction as whether it is <br />council's intent to consider the rebate program and the amount that is to be rebated. There are currently <br />approximately about 85 accounts that had the franchise fee amount rebated (lessor of) instead of the annual special <br />assessment. Staff will present at worksession the average estimated net property tax increase on these 85 properties <br />in comparison to the annual franchise fee. <br />A listing of accounts that were assigned a street assessment from 2015 through 2019 is attached. Those that have <br />been sold and not eligible for the rebate, as per the original ordinance, are noted. <br />Timeframe: <br />20 minutes <br />Funding Source: <br />Responsible Party(ies): <br />Finance Director <br />Outcome: <br />Based on Discussion <br />Special Assessment Rebate Eligible Accounts <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 11/04/2021 03:47 PM <br />Form Started By: Diana Lund Started On: 10/28/2021 02:16 PM <br />Final Approval Date: 11/04/2021 <br />