08-22-2007 Council Agenda - Laserfiche WebLink

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Memo -EISEN G 6. - ASSaa -AT-ES TIM HUATU TO: Honorable Mayor and City Council Members FROM: Lee Elfering, City Engineer DATE: August 17, 2007 RE: Summary of Assessment to Townhouses Intersection of Viking Drive and County Road B2 City staff is proposing revisions to the City assessment policy due to situations that have come to light in application of the policy to the City's street improvements. A modification is being recommended to the area of the policy that addresses the method of assessment for Multiple Residential units that consist of three or four units. The policy currently treats all Multiple Residential property other than single or two - family residences the same as commercial. This revision is being requested due to the townhouse properties located at the southwest intersection of County Road 82 and Viking Drive. The property abuts both County Road B2 and Viking Drive and consists of one building with 4 units. The units are owned individually but are surrounded by a commonly owned lot that abuts the streets. When County road B2 was reconstructed these properties were assessed for the improvements based on the commercial formula and will be receiving an assessment for the improvement of Viking Drive this fall. In review of both assessments staff feels that a modification to the assessment policy is necessary to allow equitable assessment to these properties in relation to other properties in the area. The table below outlines what the proposed assessments per unit would be under the different scenarios. For reference purposes, the assessment to a standard residential lot 75 feet wide is approximately $4225.00 and the properties were assessed at the commercial formula rate for the County Road B2 project. It is staffs opinion that the most equitable means for assessment for the townhouse property is to assess the projects by the residential method and the revisions to the assessment policy that are proposed would allow that to occur. The City would also need to hold a separate assessment hearing to modify the previous assessments to the properties as part of the City's 2005 Street and Utility Improvements project. If you have any questions please call me at (763) 780 -0450 extension 13. 10062 Flanders Court NE — Blaine, MN 55449 — Ph: (763) 780 -0450 Fax (763) 780 -0452 Memo.030607 -CC (Water Model) County Road B2 Viking Drive Total Assessment by commercial formula $4,341.95 $11,921.49 $16,263.44 Assessment by Commercial formula with 0.594 cap $2,363.82 $2,363.82 $4,727.64 Assessment by Residential Formula $425.96 $5,847.49 $6,273.45 It is staffs opinion that the most equitable means for assessment for the townhouse property is to assess the projects by the residential method and the revisions to the assessment policy that are proposed would allow that to occur. The City would also need to hold a separate assessment hearing to modify the previous assessments to the properties as part of the City's 2005 Street and Utility Improvements project. If you have any questions please call me at (763) 780 -0450 extension 13. 10062 Flanders Court NE — Blaine, MN 55449 — Ph: (763) 780 -0450 Fax (763) 780 -0452 Memo.030607 -CC (Water Model)