HomeMy WebLinkAboutCC 11 4 15 404 LE Ave (2)MAYOR AND COUNCIL COMMUNICATION
DATE: 11/4/15
CONSENT
RESOLUTION #xxx
ITEM: #xx
AGENDA ITEM: Approve Assessment Agreement for 404 Lake Elmo Avenue
SUBMITTED BY: Julie Johnson, City Clerk and Cathy Bendel, Finance Director
THROUGH: Julie Johnson, City Clerk and Cathy Bendel, Finance Director
REVIEWED BY: Julie Johnson, City Clerk and Cathy Bendel, Finance Director
SUGGESTED ORDER OF BUSINESS:
- Introduction of Item ........................................................................................... City Clerk - Report/Presentation ........................................................ City Clerk and Finance Director - Questions from Council to Staff ............................................................ Mayor Facilitates
- Public Input, if Appropriate ................................................................... Mayor Facilitates - Call for Motion .............................................................................. Mayor & City Council - Discussion ..................................................................................... Mayor & City Council
- Action on Motion .................................................................................. Mayor Facilitates
FINANCIAL IMPACT: $6,000 to be financed via assessment over 15 years at 4.61%
BACKGROUND AND STAFF REPORT:
The City Assessment policy provides an option to existing residents to finance the water and availability
charges in cases when choosing to connect to new water or sewer services. All other fees are due at the
time of permit.
The owners of 404 Lake Elmo Avenue N are requesting that they be allowed to finance the $3,000 water
access fee and the $3,000 sewer access fee at the rate of 4.61% (bond rate of 2.61% + 2% per the City
assessment agreement) .
If approved, the City Attorney and City Clerk will execute the attached draft assessment agreement.
RECOMMENDATIONS:
Approve entering into an assessment agreement with the owners of 404 Lake Elmo Avenue N (Gary and
Teresa Kanne) for $6,000; $3,000 water access fee and $3,000 sewer access fee.
ATTACHMENTS:
1. Request from resident dated October 14, 2015.
2. Draft Assessment Agreement
3. Resolution #XX