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File #: 19-1265    Version: 1 Name: 8/5/19 Resolution Authorizing Water Capital Recovery Charges for 2 Maple Village Ct. ($2,696.00)
Type: Resolution Status: Passed
File created: 8/5/2019 In control: City Council
On agenda: 8/5/2019 Final action: 8/5/2019
Enactment date: 8/5/2019 Enactment #: R-19-351
Title: Resolution Authorizing Water Capital Recovery Charges for 2 Maple Village Ct. ($2,696.00)
Title
Resolution Authorizing Water Capital Recovery Charges for 2 Maple Village Ct. ($2,696.00)
Memorandum
Your approval is requested to levy water capital recovery charges totaling $2,696.00 on the property known as 2 Maple Village Ct. This parcel was annexed 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 2.8384% per annum on the unpaid balance.

The water main was constructed as part of a private development project 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, Interim City Treasurer
Reviewed by: Tom Crawford, Financial Services Area Administrator and CFO
Approved by: Howard S. Lazarus, 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, The owner of the real property commonly referred to as 2 Maple Village Ct. (which has a Parcel ID No. 09-08-24-107-015) connected to that Water Main on or about April 21, 2016;

Whereas, Pursuant to Chapter 27 (Section 2:22b) of the City Code, a property that newly connects to the City's Water System is required to pay a Water Capital Recovery Charge in accordance with the Code;

Whereas, The net (and total) Water Capital Recovery Charge for such connection, calculated as set forth per Section 2.22b(3) of Chapter 27 of City Code, is $2,696.00; 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 p...

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