The URL can be used to link to this page

Home My WebLink AboutItem 08 Date: September 21, 2020 Item No. 170TH STREET IMPROVEMENTS RESOLUTION ADOPTING ASSESSMENTS Proposed Action Staff recommends adoption of the following motion: Move to approve a resolution adopting assessments for 170th Street Improvements, City Project 20-04. Overview The 170th Street Improvements project is partially funded with property tax levies, of which a portion is financed through assessments to benefitting property owners. Pursuant to the requirements of Minnesota Statues, Chapter 429 for local improvements, two public hearings are required. The City Council held the first public hearing (improvement hearing) on November 18, 2019, providing property owners within the 170th Street Improvements project limits a summary of the project, estimated project costs, description of the proposed assessment area, estimate of the amount to be assessed and explanation of the City’s adopted Assessment Policy. Notice of the second public hearing (assessment hearing) was published and mailed to affected property owners. Historically, the City holds the assessment hearing in the spring, prior to construction, but this year it was rescheduled in consideration of COVID-19. Prior to the public hearing, City staff will share a presentation providing a summary of the 170th Street Improvements Project, including project cost, description of the assessment area, amount to be assessed and overview of the City’s adopted Assessment Policy. Primary Issues to Consider (See attached) • Assessments: Terms, Conditions and Unit Rate Comparisons Supporting Information • Resolution Adopting Assessments (4/5th vote required) and Assessment Roll Financial Impact: $2,116,807 Budgeted: Y☒ N☐ Source: Multiple Sources Related Documents: Lakeville 5-year Capital Improvement Plan (2020-2024) Envision Lakeville Community Values: Good Value for Public Services Report Completed by: Zach Johnson, City Engineer Primary Issues to Consider Assessments: Terms, Conditions and Unit Rate Comparisons Interest rate: 2.80% Term: 15 years (Term determined by actual assessment amount per City Policy) First Payment: Due with taxes payable 2021 (deferments available to those who apply/qualify) Project Costs: Feasibility Report vs. Bid Results Funding Sources Feasibility Report Bid Results Difference Property Taxes $1,330,434 $1,260,847 -5.2% Assessments (Street and Storm Sewer) $37,762 $36,834 -2.5% Water Operating Fund $737,862 $623,016 -15.6% Sanitary Sewer Operating Fund $3,661 $5,331 45.6% Trail Improvement Fund $508,487 $190,779 -62.5% Total $2,618,206 $2,116,807 -19.2% Feasibility Report Bid Results Difference Street & Storm Sewer Assessment 5,394.57$ 5,262.00$ -2.5% Total 5,394.57$ 5,262.00$ CITY OF LAKEVILLE RESOLUTION NO. 20- RESOLUTION ADOPTING ASSESSMENTS FOR CITY IMPROVEMENT PROJECT 20-04 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 170th Street Improvements between Flagstaff Avenue and County State Aid Highway (CSAH) 31 (Pilot Knob Road), City Project 20-04. NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakeville, Minnesota: 1. Such proposed assessments in a total amount of $36,834.00, copies of which are attached hereto and made a part hereof, are hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included in the 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 period of fifteen (15) years for No. 221393, the first of the installments to be payable on or before the first Monday in January 2021. The assessments shall bear interest at the rate of 2.8% percent per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2021. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The owner of any property may, prior to certification of the assessment to the county auditor, pay the whole or portion of the assessment on such property. No interest will be charged if the entire assessment is paid by November 15, 2020. No partial payments will be accepted after November 15, 2020. Payments made between November 16, 2020 and December 15, 2020 will include daily interest accrued from November 16 to the date of the payment. The first-year installment payments will be due with taxes payable 2021 and will include interest accrued from November 16, 2020 – December 31, 2021. The property owner may at any time pay the entire amount of the assessment remaining unpaid. 4. The clerk shall forthwith transmit a certified duplicate of this assessment to the county auditor to be extended on the property tax lists of the county. Such assessments shall be collected and paid over in the same manner as other municipal taxes. ADOPTED by the Lakeville City Council this 21st day of September 2020. ______________________________ Douglas P. Anderson, Mayor _________________________________ Charlene Friedges, City Clerk Project Name:170th Street Reconstruction Project Date:8/17/2020 City Project No.20-04 Project Location: BUSINESS NAME USE DESCRIPTION 222650001010 INDEPENDENT SCHOOL DIST 192 ATTN: ACCOUNTS PAYABLE 20655 FLAGSTAFF AVE FARMINGTON MN 55024 5580 170TH ST W NORTH TRAIL ELEMENTARY RESIDENTIAL 7 5,262.00$ 36,834.00$ $36,834.00 -$ 36,834.00$ Total assessment for 20-04 Net Assessment to be certified to Dakota County Less City parcels assessed PID Final Assessment Roll SF RES. EQUIV. UNITS PROPOSED ASSESSMENTZIP CODE PROPERTY ADDRESSFEE OWNER ADDRESS CITY/STATE UNIT ASSESSMENT RATE FEE OWNER 170th Street: Flagstaff Avenue to Pilot Knob Road (CSAH 31) FEE OWNER ADDRESS (CONT.)