HomeMy WebLinkAbout2014.10.06 CC PowerPoint 165th St Assessment HearingAssessment Hearing
165thStreet Improvements
October 6, 2014
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WSB
Site Map
_ Map Created by the City of Hugo k 1 inch - 1 2Q0 feet
Community Development Depadment
Hugo
Date: 4ctober2013 s
Project Funding
Total Project Cost $815,000
— Construction Cost
— Engr./legal/admin./financing
Total to be Assessed $99,000
City State-aid/CIP funds $716,000
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Assessment Calculations
Rural Res. mill/overlay
Direct frontage
Access
Corner lots prorated
Subdividable lots
Multiple unit assessment
Zoning classification
Wetlands/existing buildings
$1,800/unit
165th Street
0.5 unit
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unit
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Assessment Information
Assessments spread over l0 -year term at 4.27% interest
Can prepay assessment with no interest if done so within
30 days of Assessment Roll adoption (by Nov. 5, 2014)
Assessments will be certified to Washington County this
fall for taxes payable in 2015
Senior Citizen deferral available for those 65 or older
Each property owner will be mailed detailed information
regarding their assessment
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Assessment Information
Green Acres
— Several properties have this classification
— Can pay assessment
— Assessment deferred with interest until classification
changes
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Recommended Action
Hold Assessment Hearing
Consider Resolution Adopting Assessment Roll
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Site Map
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