Title
Resolution Authorizing Water Capital Recovery Charges for 2104 Tuomy Rd. ($2,696.00)
Memorandum
Your approval is requested to levy water capital recovery charges totaling $2,696.00 on the property commonly known as 2104 Tuomy Rd (Parcel ID No. 09-09-34-302-014) which connected to a City water main on or about April 11, 2023.The water main was constructed by the City in 1920.
City of Ann Arbor Code section 1:278, Chapter 12, requires the owner of a property that connects to the City's water system 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.
It is therefore recommended that Council levy this capital recovery charge 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, The City constructed a Water Main in 1920 located in Tuomy Road, which is a part of the city's water system;
Whereas, The owner of the real property commonly referred to as 2104 Tuomy Rd. (which has a Parcel ID No. 09-09-34-302-014) connected to that Water Main on or about April 11, 2023;
Whereas, Pursuant to Chapter 27 (Section 2:22b) of the City Code, a property that newly connects to the City's water wystem 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 properties and the fair share for...
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