03-18-09 HIA Agenda - Laserfiche WebLink

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~~ 'K: o~ _..` ~z`z`~e ~anaa~a MAYOR Bi11 Blesener COUNCIL Rick Montour John Keis Michael McGraw Shelly Boss 515 Little Canada Road, Little Canada, MN 55117-1600 (651) 766-4029 /FAX: (651) 766-4048 www. ci.little-canada.mn. us NOTICE OF PUBLIC HEARING ADMINISTRATOR Joel R. Hanson Notice is hereby given that the Little Canada City Council will meet at 7:00 p.m. on Wednesday, March 18, 2009 in the Council Chambers of the City Center located at 515 Little Canada Road to consider the proposed improvement fees to be imposed and collected for improvements and repairs to Canabury Square Condominium Association (CSCA) housing units within the Housing Improvement Area (HIA) pursuant to Minn. Statutes ' 428A.11 through ~ 428A.21. The properties proposed to be subject to the improvement fees are the housing units located within the Canabury Square Condominium Housing Improvement Area and are legally described as: Apartment Ownership No. 074 Canabury Square, according to the plat thereof on file and of record in Ramsey County. All interested persons will be given an opportunity to be heard at the public hearing on the proposed fees and written comments will be considered. The estimated cost of such improvements, including administrative fees is $3,414,429.00. The amount to be charged against each housing unit is based upon a percentage of ownership of CSCA plus the costs of windows and patio doors as needed for each unit. A schedule of the proposed fees for each unit is enclosed with this notice and a copy of same is also available for review without cost at City Hall or can be mailed or e-mailed by request. Staff recommends the fees be payable over 15 years at 6.00% interest. Fees may be paid in part (at least 25%) or in full, without interest accrual, within 30 days of the City Council's resolution adopting and imposing the fees. After the initia130-day period, all remaining principal and unpaid interest accruing from the date of the adoption of the fee resolution will be certified to Ramsey County for collection beginning with the following year's property taxes. No prepayment of fees will be allowed after the initial 30-day period. The effective date of the resolution imposing the fees will be 45 days after adoption by the City Council. If the owners of 35% or more of the residential housing units' tax capacity that are subject to a fee file written objections with the City Clerk within 45 days