01-08-92 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL JANUARY 8, 19 92 DESOTO STR. The City Administrator reported that as discussed with ASSESSMENTS Mr. Costa, the DeSoto Street easement was appraised. The appraiser set a value of 40 cents per square foot on the property, however, the City has set a minimum value of $1 per square foot. In order to correct the assessments, the City will have to relevy those assessments at $1 per square foot. The Administrator further reported that Mr. Costa went down to the County to record his plat and was informed that he must pay current year's taxes, which include the first year's assessments. Mr. Costa is not pleased with this given the fact that there is no income coming in from the property. Mr. Costa also indicated that the City did not communicate to him that the assessments which were levied this past fall would begin to be collected in 1992. The Administrator also pointed out that the plat has not been handled in a timely manner, and i£ it had been recorded in 1991, the 1992 taxes would not have been payable at recording. The Administrator reported that the City may have the option of abating the assessments for the Costa property, and then relevying them at a 9-year term. As a result, the first year's assessment payment would be due in 1993, and the 9-year term would allow the assessments to keep pace with repayment of the City's bond issue. The City Attorney believed it to be within the power of the City to abate the assessments and the reassess. However, he did not know if this would work procedurally for the County as regards the first installment of the assessment. Blesener stated that he had no problem abating and reassessing as long as it did not hurt the City in any way. The Attorney suggested that if the City does this the appropriate waivers will be necessary from the property owner. Council suggested that the property owner also be responsible for whatever costs are involved. Mr. LaValle introduced the following resolution and moved its adoption: RESOLUTION N0. 92-1-23 - INSTRUCTING CITY STAFF TO BEGIN THE PROCEDURE NECESSARY TO ABATE ASSESSMENTS FOR IMPROVEMENT NO. 90-21 FOR THE PETER AND ROSE COSTA PROPERTIES, AND, IF ABATED, STAFF TO TAKE THE STEPS NECESSARY TO REASSESS THE PROPERTY BASED ON A 9-YEAR ASSESSMENT PERIOD AND CALLING A PUBLIC HEARING ON THE PROPOSED RE-ASSESSMENT OF IMPROVEMENT NO. 90-21, DESOTO STREET, FOR WEDNESDAY, FEBRUARY 12, 1992, AT 7:30 P.M. Page 28