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10-03-1994 WS
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10-03-1994 WS
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MV City Council
City Council Document Type
City Council Packets
Date
10/3/1994
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8. <br /> 11 <br /> REQUEST FOR COUNCIL CONSIDERATION Agenda Section: <br /> woe 94-1318WS <br /> STAFF REPORT Report Number: <br /> lif <br /> i��s October 3, 1994 9-28-94 <br /> AGENDA SESSION DATE Report Date: <br /> DISPOSITION <br /> Item Description: <br /> Discussion Regarding Scotland Green Property Tax Classification <br /> Administrator's Review/Recommendation: <br /> - No comments to supplement this report <br /> - Comments attached. <br /> Explanation/Summary (attach supplement sheets as necessary.) <br /> SUMMARY; <br /> Last Thursday, Housing Intern, Jennifer Bergman, learned that Scotland <br /> Green Apartments' property tax classification is based on a non-homestead <br /> rate rather than an apartment rate. Evidently, the complex was initially <br /> proposed to be condominiums, with each single unit receiving its own <br /> property identification number (PIN) . The preliminary and final plat <br /> indicate that the project was approved as a condominium. <br /> However, the complex has never had individual owners of any of the single <br /> housing units. Currently, as in the past, each of the almost 500 PIN are <br /> in the name of one individual. <br /> The difference in tax revenues between the non-homestead rate and the <br /> apartment rate is approximately $30, 000 (based on $1, 000, 000 of tax <br /> capacity) . <br /> Staff is in contact with representatives from Ramsey County to determine <br /> if the City has any recourse in this matter, and if so what action options <br /> are available. <br /> I hope to have more information for Monday night's meeting. <br /> AI '111601' '1 S J� <br /> Sarantha Orduno , City Admi • ' trator <br /> RECOMMENDATION; <br />
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