CCMin_85Sep16_Special - Laserfiche WebLink

Home Browse Search

MINUTES SPECIAL CITY COUNCIL MEETING/PUBLIC HEARINGS SEPTEMBER 16, 1985 A special meeting of the Falcon Heights City Council was called to order at 7:00 P.M. by Mayor Eggert. Mayor Eggert, Councilmembers Ciernia, Chenoweth, Baldwin, and Hard. Also present were Clerk Administrator Barnes, Attorney Van de North, and Enginee Willis. None. r Mayor Eggert opened the Public Hearing on Assessments for the 1985 Coffman/Larpenteur Street and Utility Improvements at 7:00 P.M., and presented the Affidavits of Publication and Mailing. Read into the record was a letter dated September 3, 1985 from Steven C. Emerson, 2129 W. Larpenteur, requesting that Council consider a 10 year assessment term. Council discussed Mr. Emerson's request and the fact that only Mr. Emerson and Gibbs Farm will be paying over the term designated, the University of Minnesota and University of Minnesota Golf Club have signed agreements that they will pay their assessments up front. There being no one present wishing to be heard, Mayor Eggert closed the hearing at 7:08 P.M. and moved Resolution R-85-55 providing for payments over a ten year period at nine percent interest. Councilmember Hard seconded the motion and upon a vote being taken, .carried unanimously. RESOLUTION R-85-55 A RESOLUTION RELATING TO ADOPTING ASSESSMENTS FOR 1985 COFFMAN/LARPENTEUR STREET AND UTILITY IMPROVEMENTS At 7:15 P.M. Mayor Eggert opened the Public Hearing on Assessments for the 1985 Tatum/Lindig Street and Utility Improvements and presented the Affidavits of Publication and Mailing. Choong-Sihn-Youn, 1742 Tatum Street, questioned the estimated costs of the project and the bid costs. Engineer Willis explained the cost of the project and the amount to be assessed, and that the proposed assessments are the same as given at the other hearing $28.00 per foot for the street, and 7.560 per square foot for storm sewer. Mr. Youn questioned the fact that the assessment has remained the same in spite of the fact that the bid came in approximately $40,000 less that estimated. He also wanted to know if there would be other costs added later. Mayor Eggert explained that the soft costs are included in the proposed assessment and there would be no further charges other than the interest if not prepaid. Mr. Youn asked if Council would be willing to distributed the savings to residents. Mark Ascerno, 1871 Tatum Street, stressed the same point as Mr. Youn, should not the savings be shared with the homeowners. He indicated that at the improvement hearing Council indicated a large part of the cost would be paid with tax increment funds, and for that reason most property owners did not object. He inquired about the interest to be charged and if the term is 10 years if there would be a penalty for prepayment. Mayor Eggert explained that the rate is usually established at one percent over the bond interest rate and the balance may be prepaid at no interest if payment is made in accordance with the dates set forth in the handout. 11G PRESENT ABSENT PUBLIC HEARING ON ASSESSMENTS COFFMAN/ LARPENTEUR IMPROVEMENT AT 7:00 P.M. RESOLUTION R-85-55 PUBLIC HEARING ON TATUM/ LINDIG IMPROVEMENT CHOONG-SIHN YOUN, 1742 TATUM MARK ASCERNO, 1871 TATUM