HomeMy WebLinkAbout20081201 - VI-15VI-15
MEMO
To: Honorable Mayor and City Council
From: Nick Egger -City Engineer
Date: November 24, 2008
Re: 2007 Improvement Program Assessment Abatement
The Dakota County Community Development Agency has determined that 11 property
owners qualify as low income households with a total abatement of $52,725.00. There
are an additional 14 property owners that qualify as moderate income households. These
properties were assessed a total of $54,240.00. The City's 2008 Community
Development Block Grant (CDBG), along with a transfer from the 2004 CDBG Grant
accounts for blighted property rehabilitation and fire code rehabilitation set aside only
$79,241.06 to provide assessment abatement for the 2007 Improvement Program.
As you can see, the combined total of assessments against qualifying low and moderate
income households is almost $28,000 beyond the funding available. Federal
requirements call for 100% abatement of low income households. The City can fund
anywhere from 0% to 100% abatement for the qualifying moderate income households.
This year, the available funding in excess of low income abatement provides apro-rated
48.89% abatement share to properties qualifying as moderate income households, which
is slightly lower than in years past, where the City has typically partially funded
assessment abatement for moderate income households at a 50% rate.
With the abatement of 48.89% of the moderate income household's assessments, the
City's contribution is comparable to that received by such properties in recent years, and
with the City having use for funding in the other CDBG categories, it is staff s
recommendation that the Council approve a total abatement rate of 48.89% for qualifying
moderate income households.
COUNCIL ACTION REQUESTED
Council is requested to approve the enclosed assessment abatement for low and moderate
income households.
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CITY OF HASTINGS
2007 Improvement Program Assessment Abatement
Qualifying Households
Low Income
Proiect PID
2007-1 5`h Street 1910500_
1910500_
1910500_
1932150
1910500_
1932150_
1910500_
1910500_
1910500_
1932150_
1932150_
Moderate Income
Proiect PID
2007-1 5"' Street 1910500_
191
191
191
191
191
191
191
191
191
191
191
193.
191
Assessment Abatement
Amount Amount
$4,500.00 $4,500.00
$2,940.00 $2,940.00
$5,100.00 $5,100.00
$3,960.00 $3,960.00
$4,500.00 $4,500.00
$2,100.00 $2,100.00
$2,625.00 $2,625.00
$6,900.00 $6,900.00
$6,000.00 $6,000.00
$6,060.00 $6,060.00
$8,040.00 $8,040.00
Total Qualifying Low Income Abatement $52,725.00
Assessment
Amount
$3,960.00
$3,960.00
$3, 000.00
$1, 500.00
$3,960.00
$4,200.00
$4, 500.00
$3,900.00
$3,600.00
$5,100.00
$3,960.00
$4,440.00
$3,960.00
$4,200.00
Abatement
Amount
$1,935.91
$1,935.91
$1,466.60
$733.30
$1,935.91
$2,053.23
$2,199.89
$1,906.58
$1, 759.92
$2,493.21
$1,935.91
$2,170.56
$1,935.91
$2,053.23
Total Qualifying Moderate Income
Abatement
$26,516.06
TOTAL ABATEMENT $79,241.06