03-24-25 - City Council Agenda - Laserfiche WebLink

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$480,000.00 Sanitary Sewer and Water Assessments $1,124,530.00 Trunk Area and Unit Fund $1,604,530.00 Total The amount to be assessed against the abutting benefitted properties is $480,000.00. The proposed assessment role is enclosed. The assessments would be payable over 15 years at an interest rate of 5 percent. A property owner may pay the entire assessment on the property with interest accrued to the date of payment to the City. However, no interest will be charged if the entire assessment is paid by November 1, 2025. The amount will be certified to Anoka County prior to November 30, 2025 for collection with property taxes payable in 2026. A public hearing is required by law prior to consideration to adopt the assessments. Property owners have the opportunity to comment on the proposed assessment during the hearing. Notice of the hearing was published in the Quad Press two weeks prior to the hearing. Mailed notice was also provided to property owners in accordance with statutory provisions. Written or oral objections to the assessments may be considered at the meeting. No appeal to district court may be taken as to the amount of an assessment unless a written objection signed by the affected property owner is filed with the municipal clerk prior to the assessment hearing or presented to the presiding officer at the hearing. Pending completion of the hearing, the City Council may consider awarding the construction contract on March 24, 2025. RECOMMENDATION Staff is recommending approval of Resolution No. 25-36 Adopting Assessments for the 2025 Street Reconstruction and Municipal Sewer and Water Extension Project for the Pine Haven neighborhood. ATTACHMENTS 1. Resolution 25-36 2. Pine Haven Assessment Roll