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LAKE ELMO CITY COUNCIL MINUTES AUGUST 21, 1984 PAGE 2 M/S/P Dunn/Fraser - To accept the low responsible bid from Sjostrom, Ir0)!i;n3y h`e amount of $3990 for the 1984 Pebble Park tennis courts .ur re`sf'aicAg improvements. (Motion carried 3-0). C. Review of 1984 Special Assessment Program. The Engineer asked for direction on how the corner lots in the sealcoating program will be assessed. He stated that there are some corner lots that have two residential streets (one on either side); and there are some corner lots which abut one residential street that will be sealcoated in our program, but the other street is perhaps gravel, or County Road, trunk highway;, etc., or for some reason the resident does not receive a second side on the sealcoating program. There are not a great deal of these corner lots (approximately 42 in both 1983 and 1984 combined). The Administrator commented that if we treat the corner lots as one unit, regardless of whether or not it was sealcoated on boths_ides or just one side, the amount to be assessed would be $27.48 throughout the program, per lot. If we assess the corner lots as two, because they were sealcoated on both sides of the street, that would reduce the assessments to the other 700 people by approximately $1. The residents not on a corner lot would be assessed $26.05 and the corner lot residents would be assessed $52.10. Consensus of the council is to assess the residents only once every six years. If a resident is assessed in 1983, and lives on a corner lot, and the street adjacent to their property would be sealcoated the following year, the resident would not be charged an assessment for this work. The Engineer stated that if the 1983 and 1984 Sealcoat Programs were assessed separately, the cost per lot for the 1984 Program would be about twice as much as the 1983 Program because the 1984 Program included more rural type frontage with larger and fewer lots. The Engineer suggested that the 1983 and 1984 Sealcoat Programs be combined and both programs pay an equalized rate ($27.48 per lot). Discussion on the percentage interest rate to be charged to the residents if they do not pay the assessment charge within thirty days. Dunn suggested that the City use the current rate of interest. M/S/P Fraser/Dunn - To adopt Resolutions 84-45, 84-46, 84-47 and 84-48 accepting the assessment costs, ordering the preparation of the assessment rolls, and calling for a public hearing for the proposed assessments on 9-4-84 for the Jamaca Court North Improvements, and the 1983 and 1984 Sealcoating Projects. (Motion carried 3-0). M/S/P Dunn/Fraser - To combine the 1983 and 1984 Sealcoating Program into one assessment roll, assessing corner lots as one unit, and charging a 10% interest rate for one year assessment program. (Motion carried 3-0). M/S/P Eder/Dunn - To assess the Jamaca Court Street Improvements over a four year period using a 10% interest rate. (Motion carried 3-0).