HomeMy WebLinkAbout2015.10.05 CC PowerPoint Assessment HearingAssessment Hearing
Rice Lake Meadows Street and Utility Improvements
October 5, 2015
A
WSB
Pre & Post Construction
Pre & Post Construction
Project Funding
Total Project Cost $1,196,000
— Construction Cost
— Engr./legal/admin./financing
Total to be Assessed $528,200
City / CIP funds $667,800
A
WS
Assessment Calculations
Rural Res. mill/overlay (no curb)
— $3,400/unit
Partial Reconstruction (curb)
$4,100/unit
Corner lots prorated
147th Street
0.5 unit
0.5
unit
ct
P.
AL
W,
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Assessment Information
Assessments spread over 10 -year term at 4.27% interest
Can prepay assessment with no interest if done so within
30 days of Assessment Roll adoption (by Nov. 4, 2015)
Assessments will be certified to Washington County this
fall for taxes payable in 2016
Senior Citizen deferral available for those 65 or older
Each property owner will be mailed detailed information
regarding their assessment
A
WS
Recommended Action
Hold Assessment Hearing
Consider Resolution Adopting Assessment Roll
A
WS
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