10-10-2022 Assessment Hearing Minutes (Yorkton Ridge-Maple Ln-Jackson)

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MINUTES OF THE SPECIAL MEETING CITY COUNCIL LITTLE CANADA, MINNESOTA OCTOBER 10, 2022 Pursuant to due call and notice thereof a special meeting of the City Council of Little Canada, Minnesota was convened on the 10' day of October, 2022 in the Council Chambers of the City Center located at 515 Little Canada Road in said City. Mayor John Keis called the meeting to order at 5:00 p.m. and the following members of the City. Council were present at roll call: CITY COUNCIL: Keis, Miller, McGraw, Fischer and Torkelson. Absent: None. ALSO PRESENT: City Administrator Chris Heineman, Public Works Director Bill Dircks and City Engineer Eric Seaburg. IMPROVEMENT NO.2022-02 YORKTON RIDGE (from Condit Street to end of cul-de-sac) AND IMPROVEMENT NO.2022-03 MAPLE LANE & JACKSON STREET (from cul-de- sac to Labore Avenue) Mayor Keis opened the Assessment Hearing to consider the adoption of special assessments for Improvement No. 2022-02, Yorkton Ridge (from Condit Street to end of cul-de-sac), consisting of full depth reclamation with new asphalt paving, minor curb repairs, and minor/spot improvements to the underground utility systems, and Improvement No. 2022-03, Maple Lane and part of Jackson Street, consisting of full depth reclamation with new asphalt paving, minor curb repairs, and minor/spot improvements to the underground utility systems. The City Engineer reviewed the overall project improvements for Yorkton Ridge, Maple Lane and Jackson Street, and showed photos of the streets before and after the projects, and the utility work that was done. He reported the final project and assessable costs, and explained how the assessment amounts for each property were determined. He noted that the final assessment amounts for both project areas were less than the initial estimates. He then 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 with interest. The City Engineer noted that after certification, assessments can be paid off to the County at any time, but suggested that payments be made prior to November 15t" in the given year or the County will add the next year's interest to the balance. The City Engineer reported that anyone wishing to object to the proposed assessment must do so in writing at this time. Submitting a written objection will preserve the property owners right to contest the assessment in District Court. There were no written objections received. David Nydegger, 180 Yorkton Ridge, asked how the 5% interest rate was determined. The City Administrator explained that the interest rate is based on the borrowing rate the city would get if the project was financed by bonds, plus one or two percent to cover the City's administrative costs. Mr,