Title
Resolution No. 4 - Confirming the Stone School Road Special Assessment Roll
Memorandum
Attached and recommended for approval is Resolution 4 confirming the Special Assessment Roll for the Stone School Road Reconstruction Project; Sidewalk Special Assessment District No. 44, File No. 2011-029; Curb and Gutter Special Assessment District No. 503, File No. 2011-029.
An administrative hearing explaining the project to property owners was held on August 7, 2013. Included in the discussions were cost estimates, property assessments and the work schedule. Resolution No. 1 was previously approved on November 7, 2013. Resolution No. 2 establishing the estimated cost of the project, the estimated project revenue sources and directing the preparation of the special assessment roll was approved by Council on June 2, 2014. Resolution No. 3 scheduled the Public Hearing for July 7, 2014.
Per City ordinance, it is recommended that property special assessments up to $1,200.00 be billed in one installment. Property special assessments over $1,200 shall be divided into equal installments as indicated in Chapter 12, subsection 1:275(2).
Staff
Prepared by: David Petrak, City Assessor
Reviewed by: Tom Crawford, Financial and Administrative Services Administrator
Approved by: Steven D. Powers, City Administrator
Body
Whereas, City Council, after due and legal notice, has met for the purpose of reviewing Special Assessment roll prepared for the purpose of assessing the private property's share of the cost of the following described public improvement to be defrayed by Special Assessment: Construction of a new sidewalk system along the west side of Stone School Road and the construction of curb and gutter along both sides of the roadway from I-94 to Ellsworth Road, Stone School Road Reconstruction Project; Sidewalk Special Assessment District No. 44, File No. 2011-029; Curb and Gutter Special Assessment District No. 503, File No. 2011-029;
Whereas, City Council has heard all persons interested in the necessity of the improvement or aggrieved by the Special Assessment Roll and has considered any and all objections thereto; and
Whereas, City Council is satisfied with said Special Assessment Rolls,
RESOLVED, That said Sidewalk Special Assessment Roll and Curb and Gutter Special Assessment Roll as prepared by the City Assessor be hereby confirmed in the amount of $ 89,937.04 for total construction costs, engineering/testing/inspection costs in the amount of $ 38,672.93, the sum of $ 73,613.47 be paid by the Federal STPU Funds, and the sum of $ 54,996.50 be paid by special assessment upon the property specially benefited within the City;
RESOLVED, That property special assessments up to $1,200.00 shall be billed in one installment. Property special assessments over $1,200.00 shall be divided into equal installments as indicated in Chapter 12, subsection 1:275(2). The affected parcels are as follows: and
The first installment shall be due on June 1, 2015, and the subsequent installments to be due on June 1st of each and every year thereafter,
RESOLVED, That the deferred installments of said Special Assessment Roll bear interest at the rate of 2.539% per annum, commencing June 1, 2015.