10-23-07 Council Special Minutes

Home Browse Search

MINUT)/S CITY COUNCIL OCTOBER 23, 2007 The Engineer outlined the affects of the revised Assessment Policy on the townhomes, which reduces the original County Road B-2 assessment from $4,341.95 to $425.99. He explained the process for correcting this assessment which includes a deletion of the original assessment and a re- assessment ofthe $425.99. He also noted that in assessing the Viking Drive improvement to these townhomes the revised Assessment Policy has been applied. The Engineer then outlined the amounts owing to the owners of the four townhome units and reported that the City will be issuing refund checks to the property owners for the original County Road B-2 assessment. The Engineer reviewed assessment payment methods which include payment of the full assessment to the City with no interest within 30 days of adoption of the assessment roll. Property owners also have the option to have their assessment certified to Ramsey County for collection with property taxes. In that case, the assessment would be spread over a ten year period and would accrue interest at a rate of 6.25%. The Engineer noted that senior citizens and disabled individuals have the option to require a deferment of their assessment provided that they meet low income guidelines. It was noted that no written objections have been received for the proposed re-assessment. There was no one present wishing to comment on this matter. Upon motion by Allan, seconded by McGraw, the public hearing was closed. Mr. McGraw introduced the following resolution and moved its adoption: RESOL UTION NO. 2007-IO-260 -DELETING THE INITIAL ASSESSMENT AND ADOPTING THE RE-ASSESSMENT FOR IMPROVEMENT NO. 2009-12, COUNTYROAD B-2 EAST, TOWNHOMES ONLY, AS RECOMMENDED BY THE CITY ENGINEER The foregoing resolution was duly seconded by Blesener. Ayes (4). Nays (0). Resolution declared adopted.