01-23-2012 Council Special Minutes

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MINUTES CITY COUNCIL JANUARY 23, 2012 The City Engineer then reviewed assessment payment methods which include payment of the assessment in full or part by the property owners with no interest within 30 days of adoption of the assessment. Property owners can also have their assessment certified to Ramsey County for collection with property taxes. Those assessments would be spread over a 10 year period. Interest would be charged, with the Engineer noting that the interest rate for 2011 assessments was 5.25 %. He noted that once certified to the County, assessments can be paid in full any time in the future, but recommended that payments be made prior to November 15`h of the given year, otherwise the full next year's interest is added to the payment balance. The Engineer also pointed out that a property owner on a fixed income can utilize an assessment deferral if certain criteria are met. However, interest does accrue on deferred assessments. The Engineer then reviewed the proposed project schedule as well as construction issues. He estimated that the work on Rosewood Drive would take 20 to 25 working days, given the full depth mill and overlay needed on the north -south section. However, that work could be spread out over the course of 1 to 2 months. Access will also be inconvenient when the north -south section of the street is taken down to the gravel. If curbing is replaced in front of driveways, driveway access would be restricted for 5 days in order to allow the concrete to cure. The Engineer then reviewed the estimated Assessment Roll for the project as well as reviewed an example of an assessment amortization schedule for an assessment certified to the County. One property owner asked where the north -south and east -west portion of the street met. The City Engineer indicated that the north -south section would go slightly around the corner to include the first cul -de -sac. Blesener asked for a show of hands, and those present from the neighborhood indicated their support for the project. There was no one else present wishing to comment on this project. Upon motion by Montour, seconded by Keis, the public hearing was closed. Montour noted that two of the properties have addresses on Rice Street, but back up to Rosewood Drive. The City Engineer indicated that given these lots are subdividable, they are included in the project. These property owners may be eligible for a development deferral. However, interest would continue to accrue on a deferred assessment. Mr. McGraw introduced the following resolution and moved its adoption: 7