10-19-10 Council Special Minutes

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MINUTES CITY COUNCIL OCTOBER 19, 2010 are met. Assessments for undeveloped portions of lots can be deferred wrtil developed. However, deferred assessments do accrue interest. The City Administrator pointed out that the first year's interest on an assessment will include interest for the balance of 2010 as well as the full year for 2011 (essentially an extra 73 days). There was no one present wishing to comment on this assessment. It was also noted that the City has received no formal written objections to the assessment. Upon motion by Boss, seconded by Blesener, the public hearing was closed. Ms. Boss introduced the following resolution and moved its adoption: RESOL UTION NO. 2010-10-256 -ADOPTING THE ASSESSMENT FOR IMPROVEMENT NO. 2010-12, RICE STREET, AS PRESENTED BY THE CITY ENGINEER The foregoing resolution was duly seconded by Blesener. Ayes (3). Nays (0). Resolution declared adopted. IMP. NO. Blesener opened the public hearing to consider adoption of the assessment roll 2010-O1 & 02 for the improvement of Bryan Street and Jackson Street (from Little Canada Road BRYAN AVE. to Maple Lane) by road reconstruction, concrete curb and gutter, and drainage & enhancements. JACKSON STREET The City Engineer reviewed project costs which are at $389.554.88, of which $167,463.10 is proposed to be assessed. "the Engineer noted that the Bryan Street portion of project costs is slightly under estimate, while Jackson Street was slightly over. That is due to the need to do more dirt replacement in a low are along Jackson Street. These changes did not impact the proposed assessment as they are at the cap as provided in the City's Assessment Policy. The Engineer then reviewed assessment payment options noting that property owners can pay their assessment in full or part to the City within 30 days of adoption of the assessment (through November 18, 2010) with no interest. After that 30-day period, the unpaid assessment balance will be certified to Ramsey County and spread for collection with property taxes fora 10 year period at 5% interest. The Engineer noted that once an assessment balance is certified to the County, the property owner can pay it in full during the 10-year period. However, that payment should be paid by November 15°i of any given year in order to avoid the next year's interest being added to the pay-off amount. Property owners on a fixed income eau request an assessment deferral provided that income guidelines are met. Assessments for undeveloped portions of lots can be deferred until 12