HomeMy WebLinkAbout20120319 - VII-2 & VIII-A-1
Council Action Requested: Council is requested to approve the enclosed resolution adopting the proposed assessments for the 2012 Infrastructure Improvement Program. Background Information:
The Public Hearing for the 2012 Infrastructure Improvement Program assessments will include the following projects: 2012-1 (2012 Infrastructure Improvements) – portions of 16th Street
West, 17th Street West, Ashland Street, Eddy Street, Forest Street, Maple Street, Walnut Street, and Oak Street Improvements All streets are receiving brand new layers of blacktop pavement
and new concrete curb and gutter will be installed where none currently exists. Existing concrete curbs are largely in good condition and only spot replacements will be made. Existing
sidewalk panels are also being replaced wherever they are in disrepair. No new sidewalk segments are included. Assessment Policy & Approved Rates All of the streets within this project
area are neighborhood streets, meaning that their primary function is to provide access to and from residential properties. Therefore, the City’s assessment policy calls for the assessment
rates to be computed on a benefits appraisal basis. Below is a listing of all assessment rates: ! All areas with currently existing modern concrete curb and gutter = $45.00/Frontage
Foot ! All area without currently existing modern concrete curb and gutter = $60.00/Frontage Foot The benefits appraisal was conducted by a third party professional real-estate appraiser
in 2011. With the characteristics and location of the current project neighborhood commensurate with the 2011 improvements areas, rates applied to the 2012 project were approved by the
Council Operations Committee and subsequently the full City Council in late 2011. Financial Impact: Project Funding Summary Funding Sources Amount Assessments (Private Property) $599,981.25
Assessments (City Property) $24,000.00 Wastewater Fund $400,000.00 SAC Fund $345,612.10 Water Fund $194,929.74 Bonded Debt $1,622,044.58 Total Project Costs $3,186,567.67 Attachments:
The resolution to adopt the assessments and setting forth the terms of repayment is attached. To: Honorable Mayor and City Council From: Nick Egger – City Engineer Date: March 14, 2012
Re: Public Hearing – 2012 Infrastructure Improvement Program Assessments
CITY OF HASTINGS DAKOTA COUNTY, MINNESOTA RESOLUTION NO. RESOLUTION TO ADOPT THE ASSESSMENTS FOR PROJECT 2012-1, THE 2012 INFRASTRUCTURE IMPROVEMENTS WHEREAS, pursuant to proper notice
duly given as required by law, the City Council of the City of Hastings has met, heard, and passes upon all objections to the proposed assessments for the improvements of: 2012-1 2012
Infrastructure Improvements – portions of 16th Street West, 17th Street West, Ashland Street, Eddy Street, Forest Street, Maple Street, Walnut Street, and Oak Street These improvements
include street, sidewalk, water, sewer, and storm sewer reconstruction and rehabilitation. NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HASTINGS AS FOLLOWS: 1. The
proposed assessments for project 2012-1, the 2012 Infrastructure Improvements, a copy of which is filed with the Hastings Engineering Department, are hereby accepted and shall constitute
the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the constructed improvement in the amount of the assessment
levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of ten (10) years, the first of the installments to be payable with the first
property tax installment of 2013, and shall bear interest at the rate of 3.6% per annum from December 1, 2012. To the first installment shall be added interest on the entire assessment
from December 1, 2012 until December 31, 2012. To each subsequent installment, when due, shall be added interest for one year on all unpaid installments. 3. The owner of any property
so assessed may, at any time prior to certification of the assessment to the County Auditor, pay the whole or part of the assessment on such property with interest accrued to the date
of the payment to the City Clerk, except that no interest or Dakota County assessment certification fee shall be charged if the entire assessment is paid by November 30, 2012. The owner
may, at any time thereafter, pay to the County Treasurer the entire amount of the assessment remaining unpaid with interest accrued to December 31 of the year in which such payment is
made. Such payments to the County Treasurer must be made before December 30, or interest will be charged through December 31 of the next succeeding year. 4. The clerk shall forthwith,
transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax lists of the County, and such assessments shall be collected and paid over
in the same manner as other municipal taxes. 5. The amount specially assessed is hereby declared to be $623,981.25 ADOPTED BY THE CITY COUNCIL OF HASTINGS, MINNESOTA, THIS 19TH DAY OF
MARCH, 2012. Ayes: Nays: Paul J. Hicks, Mayor ATTEST: (Seal) Melanie Mesko Lee, City Clerk