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File #: 21-0747    Version: 1 Name: 6/7/21 Resolution Authorizing Water Capital Recovery Charges for 4 Maple Village Ct. ($2,696.00)
Type: Resolution Status: Passed
File created: 6/7/2021 In control: City Council
On agenda: 6/7/2021 Final action: 6/7/2021
Enactment date: 6/7/2021 Enactment #: R-21-198
Title: Resolution Authorizing Water Capital Recovery Charges for 4 Maple Village Ct. ($2,696.00)
Title
Resolution Authorizing Water Capital Recovery Charges for 4 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 4 Maple Village Ct.

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, making the parcel eligible for the City's credit-based Capital Cost Recovery Charge.

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: Marti Praschan, CFO and Financial Services Area Administrator
Approved by: Tom Crawford, 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, making the parcel eligible for the City's credit-based Capital Cost Recovery Charge;

Whereas, The owner of the real property commonly referred to as 4 Maple Village Ct. which has a Parcel ID No. 09-08-24-107-016) connected to that Water Main on or about April 13, 2021;

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(2) 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...

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