HomeMy WebLinkAboutItem 09
Date: 6
POR
AD
ADD
Proposed
Staff reco
Project 15
Council’s
select the
assessme
Overview
Based on
compared
the affect
The unit a
Single Fam
Townhom
Staff has
assessme
called wit
Primary I
Projec
Projec
Projec
Speci
Speci
Supportin
Table
DRAF
the M
Asses
Monica H
Operation
Financial I
Related Do
Communit
6 April 2015
COND
RTIONS OF F
DDITIONS, CH
DITIONS, GO
d Action
ommends co
5-02. Staff w
May 18, 201
e 20 or 29-ye
ent terms hav
w
the low bid
d to $23,420,
ted property
assessment ra
mily Assessm
me Assessme
received ap
ent and the h
th questions
Issues to Con
ct Costs: Tota
ct Costs: Fina
ct Costs: Feas
al Assessmen
al Assessmen
ng Informati
es comparing
FT Resolution
May 18, 2015 C
ssment appea
Heil, PE
ns and Maint
mpact: $
ocuments (CIP
ty Values:
5
UCT THE PU
CIT
OXBOROUG
HAPEL HILLS
OODVIEW ES
onducting th
will bring fort
14, as reside
ear assessme
ve been finaliz
prices receiv
,180 presente
owners is $6,
ates are as fo
ment Rate
nt Rate
pproximately
hearing. To d
regarding pr
nsider (See at
al
ancing
sibility Repor
nts: Terms an
nts: Feasibility
ion
costs, financ
Adopting As
City Council m
al from the p
enance Engin
$23,227,256
P, ERP, etc.):
Good Values
BLIC HEARIN
TY IMPROVE
GH 1ST , 2ND A
S 1ST, 2ND AND
STATES, CED
e public hea
th a resolutio
nts will be g
ent period. F
zed.
ved, the tota
ed in the feas
,365,213.
ollows:
42 phone c
date, one asse
epayment or
ttached)
rt vs. Bid Resu
nd conditions
y Report vs. B
cing, and pro
ssessments fo
meeting.
roperty owne
neer
Budge
for Public Serv
NG ON PROP
EMENT PROJ
AND 3RD ADD
D 3RD ADDITI
AR 160 ADD
aring on pro
on Adopting
given 30-day
Final assessm
al cost for thi
sibility report
alls, e-mails,
essment app
r deferment o
ults
s
Bid Results
posed assess
or City Impro
er at 16467 G
eted: Yes
vices
Ite
POSED ASSE
JECT 15-02
DITIONS, HIG
IONS, CEDAR
DITION AND
oposed asses
Assessment
ys after the s
ment rolls wil
is project is e
t. The total c
$
$
letters and
peal has been
of their assess
sments are at
ovement Proj
Griffon Trail
Source:
em No.
ESSMENTS FO
GHVIEW HEIG
RGLEN 1ST - 3
CARROLL 1S
sments for C
ts for City Pro
special asses
l be adopted
expected to
cost to be spe
$8,098.24
$4,049.12
walk-in visit
n received. T
sment.
ttached.
ect 15-02, to
429 Bonds &
OR
GHTS 1ST- 8TH
3RD AND 4TH
ST ADDITION
City Improve
oject 15-02 a
ssment heari
d after the sp
be $23,277,2
ecially assess
ts concerning
The majority
be considere
& Utility Funds
H
ement
at the
ng to
pecial
256 as
sed to
g this
y have
ed at
s
2
Primary Issues to Consider
Project Costs: Total
Total
Street Contract 18,664,497$
Engineering 1,958,250$
Debt Issuance 146,502$
Other 2,508,007$
Total Project Costs 23,277,256$
Project Costs: Financing
Total City of
Lakeville
Special
Assessed
Street & Storm Sewer Improvements 15,925,533$ 9,560,320$ 6,365,213$
Sanitary Sewer Repairs 200,375$ 200,375
Watermain Replacement 7,151,348$ 7,151,348$
Total 23,277,256$ 16,912,043$ 6,365,213$
City of Lakeville share of cost for street and storm sewer improvements ($9,560,319)
will be financed with debt; the principal and interest payments will be repaid with
property tax levies commencing in 2016. The water main improvements
($7,151,348) will be financed from the Water Operating Fund. The sanitary sewer
improvements will be funded by the Sanitary Sewer Operating Fund ($200,375).
Project Costs: Feasibility Report vs. Bid Results
Feasibility
Report Bid Results Reduction
Property Taxes 9,848,535$ 9,560,320$ -2.9%
Special Assessments 6,379,540$ 6,365,213$ -0.2%
Water Operating Fund 7,048,835$ 7,151,348$ 1.5%
Sanitary Sewer Fund 143,270$ 200,375$ 39.9%
Total 23,420,180$ 23,277,256$ -0.6%
Special Assessments: Terms and Conditions
Interest rate: 4.0% (20-years) and 4.5% (29-years)
Term: 20- or 29-years
First payment due with taxes payable 2016 for Phase 1
Improvements, taxes payable 2017 for Phase 2 Improvements
Senior Citizen deferments are available for those who qualify.
3
Special Assessments: Feasibility Report vs. Bid Results
Feasibilty
Report Bid Results Reduction
Single Family Assessment Rate 8,116.46$ 8,098.24$ -0.2%
Townhome Assessment Rate 4,058.23$ 4,049.12$ -0.2%
4
CITY OF LAKEVILLE
RESOLUTION NO._________
RESOLUTION ADOPTING ASSESSMENTS FOR
CITY IMPROVEMENT PROJECT 15-02
FOXBOROUGH 1ST , 2ND AND 3RD ADDITIONS, HIGHVIEW HEIGHTS 1ST- 8TH
ADDITIONS, CHAPEL HILLS 1ST, 2ND AND 3RD ADDITIONS, CEDARGLEN 1ST - 3RD
AND 4TH ADDITIONS, GOODVIEW ESTATES, CEDAR 160 ADDITION AND
CARROLL 1ST ADDITION
WHEREAS, pursuant to proper notice duly given as required by law, the Council
has met, heard and passed upon all objections to the proposed assessment for Portions of
Foxborough 1st , 2nd and 3rd Additions, Highview Heights 1st- 8th Additions, Chapel Hills
1st, 2nd and 3rd Additions, Cedarglen 1st - 3rd and 4th Additions, Goodview Estates, Cedar
160 Addition and Carroll 1st Addition.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakeville,
Minnesota:
1. Such proposed assessment No. 1323 for the 20-year special assessment period
for Phase 1 Improvements, No. 1324 for the 20-year special assessment period for the
Phase 2 Improvements, No. 1325 for the 29-year special assessment period for Phase 1
Improvements and No. 1326 for the 29-year special assessment period for the Phase 2
Improvements, in the amount of $6,365,216.64, copies of which are attached hereto and
made a part hereof, is hereby accepted and shall constitute the special assessment against
the lands named therein, and each tract of land therein included is hereby found to be
benefited by the proposed improvement in the amount of the assessment levied against it.
2. Such assessments shall be considered payable in equal annual principal
installments over a default period of twenty (20) years, the first of the installments to be
payable on or before the first Monday in January 2016 for property owners within the
Phase 1 Improvements and on or before the first Monday in January 2017 for property
owners within the Phase 2 Improvements. Residents will also have the option to select a
twenty-nine (29) year assessment period with this project. Residents must request the 29-
year assessment term in writing on or before May 6, 2016. The assessments shall bear
5
RESOLUTION, CONT.
PAGE TWO
interest at the rate of 4.0% percent per annum for the 20-year assessment period and
4.5% for the 29-year assessment period from the date of the adoption of this assessment
resolution for the Phase 1 Improvements, and from May 18, 2016 for the Phase 2
Improvements. To the first installment shall be added interest on the entire assessment,
or any part of the assessment that remains upon receipt of partial payment(s), from the
date of this resolution until December 31, 2016 for Phase 1 and from May 18, 2016 until
December 31, 2017 for Phase 2. To each subsequent installment when due shall be added
interest for one year on all unpaid installments.
3. The owner of any property so assessed may, at any time prior to certification of
the assessment to the County Auditor, pay the whole or part of the assessment on such
property to the City Treasurer, and no interest shall be charged if the entire assessment is
paid before November 13, 2015 for Phase 1 and November 15, 2016 for Phase 2. The
owner of any property at any time thereafter may pay to the City Treasurer the entire
amount of the assessment remaining unpaid, with interest accrued to December 31 of the
year in which such payment is made. Such payment must be made before November 15th
or interest will be charged through December 31 of the succeeding year.
4. The City Clerk shall forthwith transmit a certified duplicate of this assessment
to the County Auditor to be extended on the proper tax lists of the county, and such
assessments shall be collected and paid over in the same manner as other municipal taxes.
DATED this _____day of ________________ 2015.
CITY OF LAKEVILLE
_________________________________
M a t t L i t t l e , M a y o r
ATTEST:
_____________________________
Charlene Friedges, City Clerk
1
Heil, Monica
Subject:FW: Special Assessment for City Improvement project 15-02
On Sun, Mar 29, 2015 at 1:08 PM, Chad Giese <chadmgiese@gmail.com> wrote:
Mayor Little,
I am writing to you today to dispute the special assessment for City Improvement Project 15-02.
My family and I are residents in Lakeville and have been since December of 2012 when we moved into our
property at:
16467 Griffon Trail (parcel ID 221665206070).
The amount assessed of $8,098.24 I find to be unreasonable for all residents of the area. It is an amount that
drastically affects my young family of 5 as I know it does other residents in the area after several conversations.
After looking more closely at Minn. cha. 429, which afford me a right to appeal this assessment it appears that a
property owner should only be able to be given a special assessment that bears a direct relationship to the value
of the benefits that our property and my wife and I receive as a result of the above mentioned public
improvements. As this is a PUBLIC improvement the remainder of costs should be funded and financed by the
general public.
Please accept this email notification as our official appeal to this special assessment.
We look forward to your response and a dialog on the subject matter.
Respectfully
Chad & Natalie Giese