HomeMy WebLinkAbout2016-094 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 16-94
RESOLUTION DECLARING COST TO BE ASSESSED, AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT
OTTER LAKE ROAD EXTENSION
WHEREAS, a contract has been let for the improvements to Otter Lake Road between Main
Street and a point approximately 440 feet northerly of Main Street by street construction,
installation of sanitary sewer, water main, storm sewer, traffic control signals and
pedestrian/bicycle facilities and the total cost of the improvement, with related expenses, will be
$714,561; and
WHEREAS, Minnesota Statute 429.061 provides that the City Council shall determine by
resolution the amount of the total expense a municipality will pay other than amount, if any,
which it will pay as a property owner and the amount to be specially assessed.
NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes:
1. The City's share of the total cost of the above-described improvement is hereby declared to be
$185,468 and the portion of the cost to be assessed against benefited property owners is declared to
be $529,093.
2. Assessments shall be payable in equal annual installments extending over a period of 10 years,
the first of the installments to be payable on or before the first Monday in January, 2017 and shall
bear interest at the rate of 5 percent per annum from the date of the adoption of the assessment
resolution.
3. The City Clerk, with the assistance of the City's engineer, shall forthwith calculate the proper
amount to be specially assessed for such improvement against every assessable lot, piece or parcel
of land within the assessment area affected, without regard to cash valuation, as provided by law,
and she shall file a copy of such proposed assessment in her office for public inspection.
4. The Clerk shall upon the completion of such proposed assessment, notify the Council thereof.
Adopted by the Council of the City of Lino Lakes this 22nd day of August, 2016.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Kusterman and was duly seconded by Council Member Maher
vote being taken thereon, the following voted in favor thereof:
Kusterman, Maher, Manthey, Rafferty, :-inert
The following voted against same:
none
AT 1'LST:
e Bartell, Ci9V Cler
3
and upon
Jeff Reinert, M. y
STAFF ORIGINATOR:
MEETING DATE:
TOPIC:
CITY COUNCIL
AGENDA ITEM 6F
Michael Grochala, Community Development Director
August 22, 2016
Consideration of Resolution No. 16-94, Declaring Cost to
be Assessed — Otter Lake Road Extension
VOTE REQUIRED: 3/5 Vote
INTRODUCTION
Staff is requesting City Council consideration to approve the costs proposed to be assessed for
the Otter Lake Road Extension Project
BACKGROUND
The City Council authorized preparation of a Feasibility Study for the Otter Lake Road
Extension Improvements on May 23, 2011. The study was received by the Council on January
9, 2012. Following the required mailed and published notice the City Council held a public
hearing on February 13, 2012. On March 12, 2012 the Council approved Resolution No. 12-27
authorizing preparation of plans and specifications. In June of 2012 the City Council ordered the
improvement. The project was awarded to Arnt Construction Company on March 11, 2013.
The total cost of the improvement is $714,561. The cost to be paid by the City is $185,468 and
the amount proposed to be assessed is $529,093. The City's share of the project is funded as
follows:
$36,376 Trunk Area and Unit Fund
$149,092 State Aid Street Fund
The balance of the project cost is proposed to be assessed against the abutting benefitted
properties. In January of 2013 the City entered into a Petition and Waiver Agreement with CM
Properties, developer of the McDonalds, covering assessments to properties on the east side of
the road.
An assessment role allocating the cost to benefitting properties will be completed based on the
amount of $529,093. The assessments are proposed to be payable over 10 years at an interest
rate of 5 percent.
The process will be as follows:
1. Council calls for Hearing on Proposed Assessment. (September 12, 2016)
2. Council holds Hearing on Proposed Assessments and Adopts Assessment Role (October
10, 2016)
3. Assessments certified to Anoka County for taxes payable 2017. (November 30, 2016).
RECOMMENDATION
Staff is recommending approval of Resolution No. 16-94.
ATTACHMENTS
1. Resolution No. 16-94