The URL can be used to link to this page

Home My WebLink About6.i. Adopt Assessment Roll - Prestwick Place 7th Street and Utility Improvements, City Project 448 ROSEMOUNTEXECUTIVE SUMMARY CITY COUNCIL City Council Meeting: October 15, 2013 AGENDA ITEM: Adopt Assessment Roll — Prestwick AGENDA SECTION: Place 7th Street and Utility Consent Improvements, City Project 448 PREPARED BY: Andrew J. Brotzler, PE, Director of P b is AGENDA NO ( . Works / City Engineer / ATTACHMENTS: Resolution; Assessment Roll; Map APPROVED BY: 0J RECOMMENDED ACTION: Motion to Adopt a Resolution Adopting the Assessment Roll for the Prestwick Place 7th Street and Utility Improvements, City Project 448. BACKGROUND: On April 16,2013 the City Council executed the subdivision agreement for Prestwick Place 7th Street and Utility Improvements, City Project 448. Included in the subdivision agreement was a petition and waiver agreement for the assessment of project costs to the developer,U.S. Home Corporation. A total of $1,009,208.30 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 Prestwick Place 7th the assessment for the construction of Akron Avenue and Connemara Trail west of Akron Avenue,and estimated construction and overhead fees for streets to be built in future phases of Prestwick Place. Prestwick Place 7th Streets $601,139 Street 9 Pink $21,708 Connemara(west) $36,734 Connemara(east) $ 112,108 Akron Ave $4,024 Storm Trunk $111,007 Sanitary Trunk $ 17,383 Water Trunk $105,105 Total $ 1,009,208 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\448\Council Items\20131015 CC Adopt Assessment Roll.docx CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2013- A RESOLUTION ADOPTING THE ASSESSMENT ROLL FOR PRESTWICK PLACE 7TH STREET AND UTILITY IMPROVEMENTS CITY PROJECT 448 WHEREAS, on April 16, 2013 the City Council had received the petition and waiver agreement to the proposed assessment for the Prestwick Place 7th Street and Utility Improvements, City Project 448, 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 $1,009,208.30, 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 11/15/13 District 34 SA Project # 340314 SA Name Prest PI 7 (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 $1,009,208.30 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 345860601010 $27,275.90 2013 A ACTION CODE 345860601020 $27,275.90 2013 A A Add 345860601030 $27,275.90 2013 A C Change 345860601040 $27,275.90 2013 A D Delete 345860601050 $27,275.90 2013 A 345860602010 $27,275.90 2013 A FOR DIVISIONS 345860602020 $27,275.90 2013 A 0 Old Parcel 345860602030 $27,275.90 2013 A N New Parcel 345860602040 $27,275.90 2013 A 345860602050 $27,275.90 2013 A 345860602060 $27,275.90 2013 A DEFERRED CODE 345860602070 $27,275.90 2013 A S Sr Citizen 345860602080 $27,275.90 2013 A C City Def 345860602090 $27,275.90 2013 A 345860602100 $27,275.90 2013 A 345860602110 $27,275.90 2013 A 345860602120 $27,275.90 2013 A 345860602130 $27,275.90 2013 A SPECIAL ASSESSMENTS INPUT FORM Date 11/15/13 District 34 SA Project# 340314 SA Name Prest PI 7 (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 $1,009,208.30 Check Activity : New Assessment X Assessment Delete Assessment Chg 1 Year Delinquent Annuals Division # 345860603010 $27,275.90 2013 A 345860603020 $27,275.90 2013 A 345860603030 $27,275.90 2013 A 345860603040 $27,275.90 2013 A 345860603050 $27,275.90 2013 A 345860603060 $27,275.90 2013 A 345860603070 $27,275.90 2013 A 345860603080 $27,275.90 2013 A 345860603090 $27,275.90 2013 A 345860603100 $27,275.90 2013 A 345860603110 $27,275.90 2013 A 345860603120 $27,275.90 2013 A 345860603130 $27,275.90 2013 A 345860603140 $27,275.90 2013 A 345860603150 $27,275.90 2013 A 345860603160 $27,275.90 2013 A 345860603170 $27,275.90 2013 A 345860603180 $27,275.90 2013 A 345860603190 $27,275.90 2013 A ' Prestwick Place 7th " ROSEMOUNT P ; .R D P. • ., . tM a 141ST 00% 0114 ST W r� Y ,ce ,,,y "' m w , }AIR._.. , « V F , 4/ , C w y 'r .,_. e.5 0 . 0 ((,,,,k. , a C ` 14246 ' ' . .0,, , , sr w 00 re 4, G Y '.4..A , , 4-94,,,,/,.. '1 TER Y I SAH 42) 0 275 550 1,100 1,650 2,200 Feet ��11V� April 2013 T:/GIS/City/Maps/Departmental Maps/Engineering/Chris/Location Map-448