10-10-2022 Assessment Hearing Minutes (Ryan Drive-Woodlynn Ave)

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MINUTES CITY COUNCIL SPECIAL MEETING (ASSESSMENT HEARING) OCTOBER 10, 2022 Torkelson introduced the following resolution and moved its adoption: RESOLUTIONNO. 2022-10-112 —APPROVE ALLOWING PROPERTY OWNERS IN THE 2022 RYANDRIVE PROJECT AREA TO DEFER THE 2022 IMPROVEMENT ASSESSMENT UNTIL 2028 DUE TO THE OVERLAP OF ASSESSMENT PAYMENTS FROM THE 2017 RYANDRIVE PROJECT, UNDER THE FOLLOWING CONDITIONS: 1. ALL ASSESSMENTS WILL BE DEFERRED UNTIL 2028 UNLESS THE PROPERTY OWNER NOTIFIES THE CITY CLERK BY NOVEMBER 7, 2022 TO PUT THE ASSESSMENT ON THEIR 2023 PROPERTY TAXES 2. INTEREST WILL ACCR UE FROM THE DATE OF THE ASSESSMENT HEARING AT THE RATE OF 5.0 3. ASSESSMENT WILL BECOME PA YABLE FOR 10 YEARS A T 5.0 INTEREST BEGINNING IN 2028 4. THE 2022 DEFERRED ASSESSMENT WILL BECOME PAYABLE IF THE FOLLOWING OCCURS: a. DEATH OF PROPERTY OWNER b. SALE, TRANSFER OR SUBD VISION OF PROPERTY The foregoing resolution was duly seconded by Miller. Ayes (5). Nays (0). Resolution declared adopted. Torkelson introduced the following resolution and moved its adoption: RESOL UTION NO. 2022-10-113 — APPROVE A $9, 500 SANITARY SEWER CONNECTION DEFERRED ASSESSMENT FOR THESE THREE PROPERTIES: 209 RYANDRIVE (PID 313022340011) — Owner: Roger D. Stanke 221 RYANDRIVE (PID 313022430004) — Owner: Mikrot Properties, Inc. 3151 COUNTRYDRIVE (313022430005) — Owner: Meyer Companies, Inc. WITH THE CONDITIONS THA T INTEREST WILL A CCR UE FROM THE DA TE OF THE ASSESSMENT HEARING A T THE RA TE OF 5. 0 %, AND THE ASSESSMENT WILL BECOME PAYABLE IF THE FOLLOWING OCCURS: I. THE PRIVATE CONNECTION TO THE CITY SANITARY SEWER IS MADE 2. DEATH OF THE PROPERTY OWNER 3. SALE, TRANSFER OR SUBDIVISION OF THE PROPERTY The foregoing resolution was duly seconded by Miller. Ayes (5). Nays (0). Resolution declared adopted. 3