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File #: 20-0029    Version: 1 Name: 2/18/20 Resolution Authorizing Water Capital Recovery Charges for 3060 Dover Place. ($20,971.00)
Type: Resolution Status: Passed
File created: 2/18/2020 In control: City Council
On agenda: 2/18/2020 Final action: 2/18/2020
Enactment date: 2/18/2020 Enactment #: R-20-042
Title: Resolution Authorizing Water Capital Recovery Charges for 3060 Dover Place. ($20,971.00)
Resolution Authorizing Water Capital Recovery Charges for 3060 Dover Place. ($20,971.00)
Your approval is requested to levy water capital recovery charges totaling $20,971.00 on the property known as 3060 Dover Place.

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 $20,971.00 Water Capital Recovery Charge is to be levied and then made payable in 15 annual installments and will accrue interest at 2.8384% per annum on the unpaid balance.

The water main was constructed by the city in 2019

It is therefore recommended that Council levy this capital recovery charge according to the terms described above.
Prepared by: Michael J. Pettigrew, City Treasurer
Reviewed by: Tom Crawford, Financial Services Area Administrator and CFO
Approved by: Howard S. Lazarus, City Administrator
Whereas, The City constructed a Water Main in 2019 located in Huntington Place, which is a part of the city's water system;

Whereas, The owner of the real property commonly referred to as 3060 Dover Pl. (which has a Parcel ID No. 09-09-27-402-016) connected to that Water Main on or about December 20, 2019;

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 $20,971.00; 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 capital recovery charge against the following property which is specifically benefited by the ...

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