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MINUTES <br />CITY COUNCIL <br />JULY 14, 1993 <br />assessing the storm sewer against the Swanson property <br />and deferring the assessment until the property does <br />develop. The Administrator pointed out that the <br />ultimate test of the assessment that can be levied <br />against the Swanson property is that of benefits <br />received, and at the assessment hearing the City will <br />have to provide an appraisal showing that the <br />assessment proposed against the property actually <br />increases the value of the property by that amount. <br />Scalze asked if an assessment deferment would <br />accumulate interest. <br />The City Administrator replied that that has been the <br />past practice. <br />Scalze pointed out that at some time the property will <br />develop, and she hated to see the assessment tally up <br />interest over the years. <br />The City Administrator reported that the Council should <br />evaluate the policy by which assessments accrue <br />interest. <br />Mr. Swanson reported that he purchased his property in <br />May of 1970. In 1971 a survey of the property was done <br />for its potential development via a road that connected <br />from Little Canada Road to Noel Drive. In 1978 the <br />City put the water tower in with no public hearings, <br />and Swanson contended that the water tower has devalued <br />his property, as well as precluded the development of a <br />road through his property connecting with Noel Drive. <br />Swanson reported that in 1980 his property was assessed <br />$4,213.40 for a storm sewer improvement on Edgerton <br />Street. Swanson reported that his property was <br />assessed because it was considered to be part of the <br />watershed district contributing to the drainage. <br />Swanson then reported that in 1989 the development of <br />his property was proposed and the City required the <br />dedication of the hillside at the north edge of the <br />property as a park charge. Swanson stated that he <br />needs that hillside in order to provide the lots <br />proposed at the northern end of the proposed cul-de-sac <br />with a view of the adjacent Gervais Mill Park. Swanson <br />stated that in 1989 the estimate for storm sewer <br />improvement to service his property was $17,000, and <br />based on that information ha decided not to proceed <br />with the plat. Swanson pointed out that his plat <br />proposed 10 new homes which would result in a tax <br />revenue of approximately $30,000 per year. <br />Swanson reported that as a senior citizen he can apply <br />Page 3 <br />