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CITY COUNCIL <br />AGENDA ITEM 6C <br /> <br /> <br /> <br /> <br />STAFF ORIGINATOR: Joe Langel, Michael Grochala <br /> <br />MEETING DATE: December 9, 2013 <br /> <br />TOPIC: Consider Resolution No. 13-140 Approving Settlement <br />Agreement with Paul Miller and PKM of Anoka County, <br />LLC, I-35E/CSAH 14 Interchange Improvement <br /> <br />VOTE REQUIRED: 3/5 <br /> <br /> <br />INTRODUCTION <br /> <br /> <br />Staff is requesting City Council consideration to approve the special assessment settlement <br />agreement with Paul Miller and PKM of Anoka County, LLC. <br /> <br />BACKGROUND <br /> <br />On October 24, 2011 the City approved and levied a special assessment to finance its portion of <br />the I-35E / CSAH 14 Interchange improvement project. Paul Miller and PKM of Anoka <br />County, LLC was assessed as part of the project. Mr. Miller appealed the assessment in Anoka <br />County District Court as provided for under Minnesota Statutes, Chapter 429. <br /> <br />The parties entered into a mediation process to resolve the pending appeal. At the December <br />9, 2013, closed meeting of the City Council the proposed settlement with Paul Miller and PKM <br />of Anoka County was outlined. The main components of the agreement are as follows: <br /> <br /> <br />A reduction in the assessment rate from .07 cents per square foot ($30,503) to .04 cents <br />per square foot ($17,430) for parcel 24-31-22-43-0014. <br /> <br />A reduction in the interest rate for Parcels 24-31-22-43-0014 and 24-31-22-42-0004 <br />from 5% to 4%. <br /> <br />RECOMMENDATION <br /> <br />Motion to approve Resolution No. 13-140. <br /> <br />ATTACHMENTS <br /> <br /> <br />1.Resolution 13-140 <br /> <br />2.General Location Map <br /> <br />