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~q~niUTES <br />~ity Council <br />OCt. 3, 19£~Ei <br />F1ar!c^'t Plac.e T1~ 711E P1ARI<ET ~'IF~Cf: ~ND REQUES7IF!G TIIAT <br />Pool Nall Tfl" CIT`f CLEft!C COh?TACT 7FIE S7. P:4UL 4'O~ICE <br />(Cont. ) UFf~11,2TP9='DIT 12E~,1~°DT°?G AP1Y C,D"~1PL~I~1T'S ;~1A0~ <br />AGF1t1~IS7 FrSZ. SCHk~?R' S PftESCh~iT POOI. HAI_L IPI <br />ST. °AIIL Fl^!D IidUSCATTNG 7HAT I~ Tfi[ COU?dCIL <br />FI~S ,~Ll. TNE (~!EC~SS{\RY INFORY-i7~TIQPI GdIT!IIDI <br />7!=!0 b;s_:CKS, TN~. f1~7TF.R !IILI_ ftE C01!SI~Ef'.'.:D <br />AT TNE DIrXT ~OU~ICIL D7rETIt~IG <br />ThE fiore~oing resoli~tion ~~ras duly seconclecl by P~1s. Mar~ini. <br />Fiyes (~) f-aliey, `calz2, "'ardini, f;lesener, f.,ol~lova. <br />plays (0). <br />R.esol ut.i on decl are<i acfopted. ~~~~ ~~~ <br />This resol!ition apnears in Resolution Boo,< ~!o. 15, <br />I)ave ;%ir. John Dauhney, a.ttorney re~resentinq P~1r. `lave Frat~.;~lone, <br />Fratt~lone appeared before the Council. `ir. Dai.ibne,y reported that "1r. <br />p~r~,~ ('ra~ttalone's first roncern der2ls kvith ~h~ defierred assessrnents <br />C'r~arc~e he had on his prop~rty on Centervil1e Road. P1r. V~rat~alone o~rm2d <br />1 total of 10.~5 acres and recently subdivi~ed and solc! Z.Fi51 acres. <br />F~nenda <br />1lddition Oaubney not^d that the ~ity ha.s a po1icy of removing thc cicferrnent <br />on an assessment ~:~hen a property is s~.i~d.~ivided and sold. Deubney <br />noted tha~t ~~ir. k=rattal one s~as trea~ted c.onsi stent:1y wi th Ci ty <br />policy, a1thouc)h ?~1r. ~ratta1on? e~~as not happy about th~ amount <br />or interest ttiat ha.s accruecl on the deferr~d assessinent. <br />Daubn~>y stateci that ~vith regar<t to i'~~tr. I'rattalone's park r,harge, <br />~rattalon~ ~~as riotifieci on October 2, 19£;fi that fie o+<ied a~~ark <br />charc.~e of R7,000. Daubn~y reported that the purchase price o~F <br />the ?.551 acres ~.•~~s '$14-0,QDO ~lahich included a hon~e ancl a po1e <br />buildinn, Tlie prop~rty was sold on a contract-for-deetl antl <br />v4r. Frattalone recei~iEtd a cash doE~m p?yrient af ~3~,000• <br />Daubne,y S~o~intFd out that the City's ordinance stated tYiat a parl< <br />charg~ can be 1eviecf in tevo vrays. EithC~r 1Q% of the land, or <br />a cash clona~ion. The cash donation is `~ased on 5°~~ of the fair <br />mar!<et; value of f.9x~ iandev^loneci lanc'. <br />Daubn:>y pointec! out i:l~iat 97,OC1(l is 5°~ of the total sa12s price <br />of the nrooerty, incluc.ling ~Che r~oney rec~ived for ~the home and <br />pole buildinc!s. <br />Daubne,y repor~tecl that the Count~/ places a value of $7?_,~`OC on <br />the nroperty whic'n breaf<s do;~rn to $4`i,100 for the buildings and <br />$'L7,S(~0 ~Por the land. This k~rea!<s dovm to a ratio of 2/3 of <br />the value a.ttrib~.itPd to buildinc~s and 1/3 a~trihuted to 'tt~e land. <br />paubn~y suggested t9iat ~1r. Frat~ta1 one s~~oul r,i al so r2cei ve credi t <br />for a 20°6 discount of the contract-for-deed. I3asFd on Da~.aoney's <br />calculations, he felt that '~~r. Fratta1one should he assesse~t <br />$1,50Q in nar!< c.harges anc noY. $7,OQ0. <br />Page -11- <br />