Title
Resolution Authorizing Sanitary Sewer Capital Recovery Charges for 2680 Geddes Ave. ($25,954.00)
Memorandum
Your approval is requested to levy sanitary sewer capital recovery charges totaling
$25,954.00 on the property known as 2680 Geddes Ave.
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 $25,954.00 Sanitary Sewer Capital Recovery Charge is to be levied and then made payable in 15 annual installments and will accrue interest at 3.06468% per annum on the unpaid balance.
The sanitary sewer main was constructed by the city in 2016.
It is therefore recommended that Council levy this capital recovery charge according to the terms described above.
Staff
Prepared by: Michael J. Pettigrew, City Treasurer
Reviewed by: Tom Crawford, Financial Services Area Administrator and CFO
Approved by: Howard S. Lazarus, City Administrator
Body
Whereas, The City constructed a Sanitary Sewer Main in 2016 located in Geddes Ave., which is a part of the City's Sanitary Sewer System;
Whereas, The owner of the real property commonly referred to as 2680 Geddes Ave. (which has a Parcel ID No. 09-09-34-212-062) connected to that Sanitary Sewer Main on or about December 12, 2019;
Whereas, Pursuant to Chapter 28 (Section 2:42.4) of the City Code, a property that newly connects to the City's Sanitary Sewer System is required to pay a Sanitary Sewer Capital Recovery Charge in accordance with the Code;
Whereas, The net (and total) Sanitary Sewer Capital Recovery Charge for such connection, calculated as set forth per Section 2.42.4(3) of Chapter 28 of City Code, is
$25,954.00; and
Whereas, Pursuant to Section 1:278, Chapter 12, of the Code of the City of Ann Arbor, the fair share of the cost of said capital is levied against certain properties and the fair share for this property has not been previously paid;
RESOLVED, That Council levy a capita...
Click here for full text