Agenda - Council - 11/23/2021 - Laserfiche WebLink

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Councilmember introduced the following resolution and moved for its adoption: RESOLUTION #21-328 RESOLUTION APPROVING SPECIAL ASSESSMENT REBATE (FORMERLY REBATE OF LESSOR OF ANNUAL SPECIAL ASSESSMENT OR ANNUAL FRANCHISE FEE) WHEREAS, Per Section 1(n) of the Franchise Fee Ordinances that were adopted on July 28, 2020: Rebate Program. The City will rebate the lesser annual amount paid for franchise fees versus special assessments (those assessed beginning year 2015) over the remaining term of the special assessments, regardless if the assessment was pre -paid or is currently being paid through property taxes. Rebates will be in the form of a check to qualifying property addresses who have submitted an annual rebate application form. This rebate program applies strictly to qualifying property addresses during the effective term of their current assessment or this Ordinance, whichever expires first. If a qualifying property is sold during the effective term of their current assessment, the rebate program is no longer eligible for that respective property. WHEREAS, The City of Ramsey terminated the franchise fee effective December 31, 2021, and; WHEREAS, Eligible properties as outlined in Section 1(n) of the Franchise Fee Ordinance will receive the lessor of the annual special assessment or franchise fees paid for year ending December 31, 2021, and; WHEREAS, Beginning with year ending in 2022, the rebate program will continue on those qualifying properties currently special assessed, and; WHEREAS, A qualified property is a property that has not changed ownership since the date of the original assessment, and; WHEREAS, Beginning with year ending in 2022, a qualifying property may apply for a rebate of the lessor of: Annual assessment Or 25% of annual assessment — if Annual Assessment exceeded the annual Franchise Fee paid in 2021. EXAMPLE: Qualifying Property Annual Assessment: Qualifying Property Annual Franchise Fee in 2021: $ 663.64 $ 168.00 Eligible amount to be rebated: $165.91 (25% of annual assessment)