06/03/1976 Council Minutes - Laserfiche WebLink

Home Search

ti A.4 June 3, 1976 in full at any time. Someone asked about Federal Funding and Mr. Carley said that Lino Lakes is not eligible for this assistance since the City is located in the Metro area and the Metropolitan Council controls all Federal Funding. He said the City is receiving the aid indirectly since the Metropolitan Waste Control is assuming the entire cost of the construction of the interceptor. Mr. Carley said that persons owning corner lots will be assessed for only the short side of the lot. They will be given credit for that portion that goes ar- ound the corner - for instance, if a lot is 100x400', it will be counted as hav- ing 350' frontage. If the propertyiis sold after the assessment is certified, the assessment will be paid in full. There is no State law that requires this, but, most mortgage companies do. If a lot is split, the assessment can also be split. Mr. Carley was asked if the residents have to connect to the system and he said, Yes, the Federal requirement is that all residences be connected within one year from the date of installation. Mr. Carley said that water would not be installed at this time, but he would suggest the home owners put in the proper lines from the house to the stub to save extra costs in the future. The assessment charges would be computed on 1) the front footage; 2) acres; 3) general levy; and 4) unit charges. The City Council is not bound by this formula in case of some changes and the assessments would not be levied until a year from now. Mr. Carley told the audience of the requirements from the Metropolitan Council for an Ordinance to monitor the existing septic systems They are asking that the systems be checked once a year and if pumping is needed a permit must be obtained from the City offices. This must be reported to the Metropolitan Council and if a system is found to be needing pumping too often, the owner will be forced to install a complete new system according to their specifications. 1 1 There was a question on the SAC - will this charge have to be paid? Mr. Carley said Yes, each home will have to pay the current charge. He was asked about hook -up charges and the people were told this has not been resolved by the Council to this date. Mr. Anderson, the Fiscal Agent from Springsten, reported that he felt Mr. Carley had covered most of the points. The Fiscal Consultant aids the City in obtain- ing funds to build this system by selling bonds and working out the repayment of the money. The Fiscal Agent looks at both sides - the ability of the people to pay and the ability of the City to sell the bonds. The 8% interest figures is set by State law. The City would sell the bondsat 62 to 7% The difference would cover the administration costs and delinquent assessments. The City will sell bonds to insure enough to cover the debt by 105% - this is required by law. Mr. Richard Weiner of 6349 Hodgson wanted to clarify the question between the interceptor and the laterals. He was told the interceptor is a Metropolitan facility with no assessments to the property owners - the laterals are the in- ternal system to hook into the interceptor and are assessed against the affected properties. 1