10-29-2018 Special Council Minutes (Assmt Hearings)

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MINUTES ASSESSMENT HEARINGS OCTOBER 29, 2018 Montour introduced the following resolution and moved its adoption: RESOL UTIONNO. 2018-10-205 —ADOPTING THE ASSESSMENT ROLL FOR IMPROVEMENT NO. 2018-02, PARK VIEW COURT CONSISTING OFMILL AND OVERLAY PAVING, FULL CURB REPLACEMENT, DRIVEWAYAPPROACH WORKAND WATERMAIN MAINTENANCE AS RECOMMENDED BY CITY ENGINEER. The foregoing resolution was duly seconded by Keis. Ayes (5). Nays (0). Resolution declared adopted. IMPROVEMENT Mayor Keis opened the Assessment Hearing to consider the adoption of NO. 2018-03 special assessments for Improvement No. 2018-03, Burke Lane and BURKE LANE & Condit Street (from Nadeau Road to Nadeau Road) consisting of full CONDIT STREET reconstruction with concrete curb and gutter, storm sewer, and watermain maintenance. The City Engineer reviewed project costs and the uniqueness and issues with this street, noting that the initial estimate was $310,000 with the final estimated cost at $365,331.64. He noted that the assessment amounts are the same as proposed at the public hearing since it is a capped rate when it is a full reconstruction project. He reviewed assessment payment methods which provide for payment (either in full or part) with no interest within the first 30 days after the assessment is adopted, or allowing the assessment to be certified against property taxes for collection over a 10 year period at an interest rate of 5.0%. The Engineer noted that after certification assessments can be paid off early to the .County at any time. He suggested, however, that payments should be made prior to November 15th in the given year or the County will add the next year's interest to the balance. The City Engineer then reviewed the assessment roll as well as a sample amortization schedule for an assessment that would be certified for collection with property taxes. He noted that the commercial properties south of Nadeau Road were assessed at a residential rate instead of a commercial rate, because even though they have frontage on Condit Street, they have no access to Condit. He stated this is the same way the commercial properties on the north side of Nadeau Road were assessed previously. The City Engineer reported that anyone wishing to object to the proposed assessment should do so in writing at this time. Submitting a written Cl