HomeMy WebLinkAbout2017.10.02
Assessment Hearing
North Sunset Lake Area
Roadway Improvement Project
October 2, 2017
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Sunset
Lake
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Pre Construction – Homestead Avenue
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Post Construction – Homestead Avenue
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Pre Construction – 132nd Street
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Post Construction – 132nd Street
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Pre Construction – Homestead Drive
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Post Construction – Homestead Drive
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Pre Construction– 126th Street
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Post Construction– 126th Street
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Projected Costs/Financing
Total Project Cost $1,480,300
Assessments $280,500
City Funds $1,199,800
Capital Improvement Fund
State Aid Funding
Assessment Rates
Single Family
(Rural Roadway Reclamation) $3,400
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City Assessment Policy
Rural Roadway Reclamation
$3,400/unit
Direct frontage
Access
Review potential subdivisions
Corner lots prorated
Homestead Ave N
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Corner/other lot examples
3-roadway frontages
Through lot
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Assessment Map
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City Assessment Policy
Assessments spread over a 10-year period at 4.27%
Can prepay assessment with no interest if done so within 30 days of Assessment Roll adoption (by Nov. 1, 2017)
Assessments will be certified
to Washington County this fall for taxes payable in 2018
Senior Citizen deferral is available for those 65 years of age or older
Following the Adoption of the assessment roll, each property
owner will be mailed detailed information regarding their assessment
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Potential Schedule
Neighborhood meeting Sept 22, 2016
City Council Receives Feasibility Nov 7, 2016
Public Hearing/consider implementing project Dec 5, 2016
Plan/Specification Preparation Jan-Feb
2017
Neighborhood Open House With Plans February 2017
Project Bidding March 2017
Award Construction Contract April 2017
Construction May-Oct 2017
Assessment Hearing Oct
2, 2017
Assessment pre-pay period October 2017
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Next Steps
Hold Assessment Hearing
Consider Resolution Adopting Assessment Roll
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