HomeMy WebLinkAbout6.g. Adopt Assessment Roll - Greystone 2nd Street and Utility Improvements, City Project 449 4 ROSEMOUNT EXECUTIVE SUMMARY
CITY COUNCIL
City Council Meeting: October 15, 2013
AGENDA ITEM: Adopt Assessment Roll — Greystone 2nd AGENDA SECTION:
Street and Utility Improvements, City Consent
Project 449
PREPARED BY: Andrew J. Brotzler, PE, Direct. +f Public
Works / Cit y Engineer W'En ineer AGENDA NO ,
ATTACHMENTS: Resolution; Assessment Roll; Map APPROVED BY:
RECOMMENDED ACTION: Motion to Adopt a Resolution Adopting the Assessment Roll
f o r the Greystone 2nd Street and Utility Improvements, City Project 449.
BACKGROUND:
On May 7,2013 the City Council executed the subdivision agreement for Greystone 2°d Street and Utility
Improvements, City Project 449. Included in the subdivision agreement was a petition and waiver
agreement for the assessment of project costs to the developer, The Ryland Group,Inc. A total of
$683,050.28 is proposed to be assessed to adjacent properties as shown on the attached assessment roll.
This amount(shown in detail below) includes construction and trunk fees for Greystone 2nd Addition.
Greystone 2nd
Construction $516,235.00
Storm Trunk $70,915.00
Sanitary Trunk $13,610.00
Water Trunk $82,290.00
Total $683,050.00
The project will be assessed over a 5-year period at an interest rate of 3.321%.
SUMMARY:
Staff recommends that the City Council adopt a resolution adopting the assessment roll as presented.
G:\ENGPROJ\449\Council Items\20131015 CC Adopt Assessment RolLdocx
CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2013-
A RESOLUTION ADOPTING THE ASSESSMENT ROLL
FOR GREYSTONE 2ND STREET AND UTILITY IMPROVEMENTS
CITY PROJECT 449
WHEREAS, on May 7, 2013 the City Council had received the petition and waiver agreement to the
proposed assessment for the Greystone 2nd Street and Utility Improvements, City Project 449, and has
amended such proposed assessment as it deems just.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Rosemount, Minnesota, as
follows:
(1) Such proposed assessment in the amount of $683,050.28, a copy of which is in Clerk's File dated
October 15, 2013,is hereby accepted and shall constitute the special assessment against the lands named
therein, and each tract of land therein is hereby found to be benefited by the proposed improvement.
(2) Such assessments shall be as follows:
a. The assessments shall be payable in equal annual installments extending over a period of five (5)
years, the first of said installments to be payable with general taxes for the year 2013, collectible with
such taxes during the year 2014.
b. To the first installment shall be added interest on the entire principal amount of the assessment from
November 15, 2013 until December 31 of the year in which such installment is payable. The interest
rate shall be set at either 3.321% per annum or 2 points above the City's bond rate at the time the
assessments are certified to Dakota County Property Taxation & Records, whichever is less. To each
subsequent installment, when due there shall be added interest for one year at said rate on the unpaid
principal amount of the assessment.
c. The owner of any property so assessed may at any time prior to the certification of the assessment or
the first installment thereof to Dakota County Property Taxation & Records, pay the whole of the
principal amount of the assessment on such property with interest accrued to the date of payment to the
City Treasurer, except that no interest shall be charged if the entire assessment is paid by November 15,
2013;and such property owner may at any time prior to December 31 of any year pay to Dakota County
Property Taxation & Records the entire principal amount of the assessment remaining due with interest
accrued to December 31 of the year in which said payment is made. Payment must be received and
posted at the County by December 31;postmarks will not be accepted.
(3) On November 15, 2013, the City Clerk shall transmit a copy of this assessment roll to Dakota County
Property Taxation &Records to be extended on the tax list of the County.
ADOPTED this 15th day of October, 2013.
William H. Droste,Mayor
ATTEST:
Amy Domeier, City Clerk
SPECIAL ASSESSMENTS INPUT FORM
Date 10/31/12
District 34 SA Project# 340316 SA Name Greystone 2nd
(10 characters including spaces)
Number of Years 5 First Year Int Rate .03740 Reg Int Rate 0.03321
(5 decimal places, ie.7%=.07000)
TOTAL ASSESSMENT AMOUNT $683,050.28
Check Activity :
New Assessment X Assessment Delete
Assessment Chg 1 Year Delinquent Annuals Division #
REMINDER: All one year special assessment amounts must end with even cents (so that the
amount can be split into two equal installments on the tax statement).
PID # SA YEAR
(new format) Proj # SA DEFERRED CERTIFIED ACTION
(no spaces or dashes) (6 digits) AMOUNT CODE (current yr) CODE
343100101010 $22,033.88 2013 A ACTION CODE
343100101020 $22,033.88 2013 A A Add
343100101030 $22,033.88 2013 A C Change
343100101040 $22,033.88 2013 A D Delete
343100101050 $22,033.88 2013 A
343100101060 $22,033.88 2013 A FOR DIVISIONS
343100101070 $22,033.88 2013 A 0 Old Parcel
343100101080 $22,033.88 2013 A N New Parcel
343100101090 $22,033.88 2013 A
343100101100 $22,033.88 2013 A
343100102010 $22,033.88 2013 A DEFERRED CODE
343100102020 $22,033.88 2013 A S Sr Citizen
343100102030 $22,033.88 2013 A C City Def
343100102040 $22,033.88 2013 A
343100102050 $22,033.88 2013 A
343100102060 $22,033.88 2013 A
343100102070 $22,033.88 2013 A
343100102080 $22,033.88 2013 A
SPECIAL ASSESSMENTS INPUT FORM
Date 10/31/12
District 34 SA Project # 340316 SA Name Greystone 2nd
(10 characters including spaces)
Number of Years 5 First Year Int Rate .03740 Reg Int Rate 0.03321
(5 decimal places, ie.7%=.07000)
TOTAL ASSESSMENT AMOUNT $683,050.28
Check Activity :
New Assessment X Assessment Delete
Assessment Chg 1 Year Delinquent Annuals Division #
343100102090 $22,033.88 2013 A
343100102100 $22,033.88 2013 A
343100102110 $22,033.88 2013 A
343100102120 $22,033.88 2013 A
343100102130 $22,033.88 2013 A
343100102140 $22,033.88 2013 A
343100102150 $22,033.88 2013 A
343100102160 $22,033.88 2013 A
343100102170 $22,033.88 2013 A
343100102180 $22,033.88 2013 A
343100102190 $22,033.88 2013 A
343100102200 $22,033.88 2013 A
343100102210 $22,033.88 2013 A
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