2002.09.03 RESO 2002-0046 - Laserfiche WebLink

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RESOLUTION NO. 200246 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUGO, WASHINGTON COUNTY, MINNESOTA, ADOPTING SPECIAL ASSESSMENT POLICIES WHEREAS, the City Council deems it advisable and in the best interest of the City of Hugo to adopt policies relating to special assessments. WHEREAS, the City Council intends that these policies not be construed as exclusive but instead to provide general guidelines for addressing assessments in the City and in enacting these policies, the City Council aclmowledges that special cases and variations may be required based on the particular facts present in any given situation. NOW, THEREFORE, rr IS HEREBY RESOLVED by the City Council of the City of Hugo that the following assessment policies will be followed for all public improvements in the City of Hugo: 1. Assessments. The total of assessme=nts cannot exceed the project costs and must be apportioned equally within properties having the same general land use, based on benefit. The total assessment against any particular parcel shall not exceed the benefit to that parcel. Project costs may include part or all of the costs of previously installed projects, which were not previously assessed. 2. When Assessments WM Not be Levied. No special assessments will be levied against designated flood plains, municipal storm water ponds or wetland areas on private property as determined by criteria in the Wetland Conservation Act of 1991 and the Minnesota Department of Natural Resources. The limits of wetlands will be determined by the City on a case by case basis at the time of preliminary project design and feasibility report preparation. No special assessments will be levied against railroad, county highway or state highway right-of-ways. 3. Interest Rate. The rate of interest on assessments for which bonds were issued to finance the project shall be two percent (2%) greater than the rate of interest on the bonds. In the event that no bonds were issued to finance the project, the rate of interest shall be two percent (2%) greater than the average rate of interest on all bonds issued in the prior calendar year, or if no bonds were issued in the prior calendar year, two percent (2%) greater than the current bond market rate for the City of Hugo. 4. Method of Assessment. When residential parcels are assessed on a unit basis, a unit shall be defined as one buildable lot. In all other areas, the definition of unit shall be made based on the circumstances. The special assessment method described in this policy statement cannot be considered as all inclusive. Unique or unusual circumstances may at time justify special considerations. In such situations, the City Council may, from time to time, establish by resolution new assessment policies to cover situations that may not have been contemplated in this policy.