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MINUTES <br />CITY COUNCIL <br />OCTOBER 13, 1993 <br />for a property division, City Code requirements could <br />not be met. In reaction to that request, the City <br />amended its ordinance in 1988 and informed the Becker's <br />that they could reapply for a property division. <br />Hanson asked if the Becker's were interested in <br />entering into a restrictive covenant indicating that <br />they could never split their property. <br />Mrs. Becker replied that they were not. <br />Mr. Becker questioned the need for the street <br />improvement, and indicated that the curb and gutter and <br />water main improvement did not benefit his property by <br />over $12,000. Becker stated that according to the law <br />and case history, a property cannot be assessed for <br />more than the benefit it will receive. Becker <br />questioned that anyone would pay $12,000 more for his <br />house due to the curb and gutter and water main <br />improvements. <br />The City Administrator pointed out that the assessment <br />to the Becker property would be $7,575.35 if the <br />Becker's did not divide their property. The ability to <br />divide the property adds another $4,822.21 to the <br />assessment. <br />Pedersen felt there was benefit from the two water main <br />connections and noted that the property is worth more <br />if it is dividable. Pedersen noted that the assessment <br />can be deferred until the property is divided. <br />Mr. Becker stated that he was agreeable to the deferral <br />if the assessment did not accrue interest. <br />The City Administrator replied that the assessment <br />would accrue simple interest and estimated that <br />interest would accrue at approximately $300 per year. <br />Mr. Beclcer indicated that such interest would be <br />acceptable. <br />Pedersen pointed out that in the future to divide the <br />Becker property there would be approximately $4,800 of <br />assessments due. Pedersen felt there was that amount <br />of benefit in having a dividable lot. <br />The City Administrator pointed out that the Becker's <br />would have to apply for a development deferral. The <br />Administrator pointed out that in the past the City has <br />addressed deferrals on a case-by-case basis. The <br />development deferral would protect the City's future <br />interest while not overburdening the property owner. <br />Page 14 <br />