Title
Resolution Authorizing Water and Sanitary Sewer Capital Recovery Charges for 6 Maple Village Cir.
Memorandum
Your approval is requested to levy water capital recovery charges totaling $2,696.00 and sanitary sewer capital recovery charges totaling $5,982.00 on the property known as 6 Maple Village Cir. The parent parcel was a part of the City of Ann Arbor prior to 2004.
City of Ann Arbor Code section 1:278, Chapter 12, requires the property owner to pay the property's share of the existing utilities through the City Capital Recovery charge. The $2,696.00 Water Capital Recovery Charge is to be levied and then made payable in 3 annual installments and will accrue interest at 5.035687% per annum on the unpaid balance. The $5,982.00 Sanitary Sewer Capital Recovery Charge is to be levied and then made payable in 5 annual installments and will accrue interest at 3.06468% per annum on the unpaid balance.
The water main was constructed as part of a private development project in 2016.
The sanitary sewer main was constructed as part of a private development project in 2016.
It is therefore recommended that Council levy these capital recovery charges according to the terms described above.
Staff
Prepared by: Crystal Allen, Deputy Treasurer
Reviewed by: Marti Praschan Financial Services Area Administrator and CFO
Jennifer Richards, Assistant City Attorney
Approved by: Milton Dohoney Jr., City Administrator
Body
Whereas, This parcel is a part of private development project that constructed its own water main in 2016 located in N. Maple Road., which is a part of the city's water system;
Whereas, This parcel is a part of private development project that constructed its own water main in 2016 located in N Maple Road., which is a part of the City's Sanitary Sewer System;
Whereas, The owner of the real property commonly referred to as 6 Maple Village Cir. (which has a Parcel ID No. 09-08-24-107-018) connected to the Water and Sanitary Sewer Mains on or about...
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