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<br /> <br /> STAFF REPORT <br /> <br /> <br /> <br />TO: Mayor Keis and Members of City Council <br /> <br />FROM: Heidi Heller, City Clerk <br /> <br />DATE: November 17, 2017 <br /> <br />RE: Recertification of Deferred HIA Fee – Canabury Square <br /> 130 Demont Ave. E., Unit 246 <br /> <br /> <br />The above property at Canabury Square Condominiums has a deferred assessment relative to the <br />Housing Improvement Area (HIA) fee that was assessed in 2009. Deferrals were granted by the <br />City based on hardships that existed for the property owners at the time of the original <br />assessment. The property owner has requested to end the deferral and reassess the balance to the <br />property taxes beginning in 2018. <br /> <br />The assessment balance of $27,901.61 (original amount plus interest) is proposed to be <br />reassessed for the balance of the assessment term through 2024 (7 years). The interest rate <br />proposed is the original interest rate at the time of the HIA assessment – 5.75%. <br /> <br />Staff recommends reassessment of the above assessment balance based on the request of the <br />property owner, Sherwan Hasan. <br /> <br /> <br /> <br />