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Home My WebLink About6.f. Adopt Assessment Roll - Prestwick Place 10th Street and Utility Improvements, City Project 457 �tROSEMOLII�IT' EXECUTIVE SUMMARY CITY COUNCIL City Council Meeting: November 3, 2014 AGENDA ITEM: Adopt Ash essment Roll — Prestwick qGENDA SECTION: Place 10 Street and Utility Consent Improvements, City Project 457 PREPARED BY: Phil Olson, PE, Assistant City En ' er AGENDA NO. � . • ATTACHMENTS: Resolution; Assessment Roll; Map APPROVED BY: RECOMMENDED ACTION: Motion to Adopt a Resolution Adopting the Assessment Roll for the Prestwick Place 10t" Street and Utility Improvements, City Project 457. BACKGROUND: On July 9, 2014 the Ciry Council executed the subdivision agreement for Prestwick Place 10`'' Street and Utility Improvements, City Project 457. Included in the subdivision agreement was a petition and�vaiver agreement for the assessment of project costs to the developer, U.S. Home Corporation. r'� total of $925,205.32 is proposed to be assessed to adjacent properties as sho�vn on the attached assessment roll. This amount (sho�vn in detail below) includes construction of Prest�vick Place 10`h, as well as the assessment for the developer's share of the construction of Connemara Trail,Akron Avenue and Ailesbury Avenue. Prestwick Place 10�h Streets $698,832 Akron Avenue $4,666 Connemara Trail $208,023 r�ilesbu �r�venue $ 13,684 Total $ 925,205 The project will be assessed over a 5-year period at an interest rate of 3.525%. SUMMARY: Staff recominends that the City Council adopt a resolution adopting the assessment roll as presented. G:Af�NGPROJ\457\Council Items\2U141IU3 CC�dopt A,sessmentRoll.doc� CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2014- A RESOLUTION ADOPTING THE ASSESSMENT ROLL FOR PRESTWICK PLACE 10T" STREET AND UTILITY IMPROVEMENTS CITY PROJECT 457 WHEREAS, on July 9, 2014 the City� Council Yeceived the petition and �vai�-cr agreement to the pYOposed assessment for the Prestwick Place 10`h Street and Utility Improvements, City Project 457, and has amended such pYOposed assessment as it deems just. NOW THEREFORE BE (T RESOLVED by the Ciry Council of the City of Rosemount, Minnesota, as follows: (1) Such proposed assessment in the amount of �925,205.32, a copy of �vhich is in Clerk's File dated November 3, 2014, 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 follo�vs: a. The assessments shall be payable in equal annual installments eYtending over a period of five (5) years, the first of said installments to be payable �vith general taxes for the year 2014, collectible �vith such taxes during the year 2015. b. To the first installment shall be added interest on the entire principal amount of the assessment from December 3, 2014 until December 31 of the year in �vhich such installment is payable. The interest rate shall be set at either 3.525% per annum or 2 points above the City's bond rate at the tune the assessments are certified to Dakota County Property Taxation & Records, �vhicheaer is less. To each subsequent installment, �vhen 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 propert�� 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 �vhole of the principal amount of the assessment on such property�vith 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 December 3, 2014; and such property o�vner may at any time prior to December 31 of any year pay to Dakota County Propertj�Taiation & Records the entire principal amount of the assessment remaining due with interest accrued to December 31 of the year in �vhich said pa5-ment is made. Pa}-ment must be received and posted at the County by December 31;postmarks will not be accepted. (3) On December 4, 2014, the Cit�- Clerk shall transmit a cop�� of this assessment roll to Dakota County� Pi:operty Taxation & Records to be extended on the tax list of the Count��. ADOPTED this 3"' day of November, 2014. William H. Droste, I�layox ATTEST: Clarissa Hadler, Cit��Clerk SPECIAL ASSESSMENTS INPUT FORM Date 12/03/14 District 34 SA Project # 340323 SA Name Prest PI 10 (10 characters including spaces) Number of Years 5 First Year Int .03796 Regular Int .03525 (5 decimal places, ie. 7°/o= .07000) (5 decimal places, ie. 7%_ .07000) TOTAL ASSESSMENT AMOUNT Check Activity : New Assessment X Assessment Delete Assessment Chg 1 Year Delinquent Annuals Division # REMINDER: All special assessment amounts must end with even cents. SA YEAR PID# Proj # DEF CERT ACTION (no spaces or dashes) (6 digits) AMOUNT CODE (current yr) CODE 34-58609-01-001 340323 35,584.82 2014 A ACTION CODE 34-58609-01-002 340323 35,584.82 2014 A A Add 34-58609-01-003 340323 35,584.82 2014 A C Change 34-58609-01-004 340323 35,584.82 2014 A D Delete 34-58609-02-001 340323 35,584.82 2014 A 34-58609-02-002 340323 35,584.82 2014 A FOR DIVISIONS 34-58609-02-003 340323 35,584.82 2014 A O Old Parcel 34-58609-02-004 340323 35,584.82 2014 A N New Parcel 34-58609-02-005 340323 35,584.82 2014 A 34-58609-02-006 340323 35,584.82 2014 A 34-58609-02-007 340323 35,584.82 2014 A DEFERRED CODE 34-58609-02-008 340323 35,584.82 2014 A S Sr Citizen 34-58609-02-009 340323 35,584.82 2014 A 34-58609-02-010 340323 35,584.82 2014 A 34-58609-02-011 340323 35,584.82 2014 A 34-58609-03-001 340323 35,584.82 2014 A 34-58609-03-002 340323 35,584.82 2014 A 34-58609-03-003 340323 35,584.82 2014 A 34-58609-03-004 340323 35,584.82 2014 A SPECIAL ASSESSMENTS INPUT FORM Date 12103/14 District 34 SA Project # 340323 SA Name Prest PI 10 (10 characters including spaces) Number of Years 5 First Year Int .03796 Regular Int .03525 (5 decimal places, ie. 7%_.07000) (5 decimal places, ie.7°/o=.07000) TOTAL ASSESSMENT AMOUNT Check Activity : New Assessment X Assessment Delete Assessment Chg 1 Year Delinquent Annuals Division # 34-58609-03-005 340323 35,584.82 2014 A 34-58609-03-006 340323 35,584.82 2014 A 34-58609-03-007 340323 35,584.82 2014 A 34-58609-03-008 340323 35,584.82 2014 A 34-58609-03-009 340323 35,584.82 2014 A 34-58609-03-010 340323 35,584.82 2014 A 34-58609-03-011 340323 35,584.82 2014 A ;��,9� � \��, 3 , � i3 � .,��L,. ` { o -� � � ' o �� ,� - y�,..�-�� , j , � 1 � •'"�• t �w__ C�',� �, �-- � � . � `�o� X 141 ST o ( ,� � F1 ST W ST�--- ' G � �_._____._� �� ,---- �z- , ��" � �. >> ; � 141 S � , �,.1'�q,y i �m LL, p,pAIR AVE \ � ST E L ``� ' �' , , ��' / ��tQ > i ' � � Q � �� G�► ___.� �Q � � ��r_ _ _N- -� � � , G �� 8e ...� -� �,�i .^----. ��_ ., � � ,2 �� - �� '�cf �� _ -�� , ��, �: 'f ,- °v Prestwic F�� y � ��.� . . ��o � Pla c �� -- °�"� ; p :� c.a ��'�� J�� - Pa � , � - ��.,.T L� ��, `� � � �� _� � �� 2ND o� �l � --, ; S W � � �P'��1�' � 5� G� i � , o _ �, � , � P, P�. � �,�, , � , . �I E�'� � _�� v � � P� � aC � �f-' � � ' � � l' �� : .._'"._.-...R� ;._......_.._._�„`r � , � . :_-_-.-.-..� �1 �S �� ` � � c.� � � „ � ; - � z �- � R_�1tVAY --� �� 145TH ST VV � �___ ___� ____ �______ � --�_�_____� �__._ T:/GIS/City/Maps/Departmental Maps/Engineering/Chris/Location Map-457 �j�� ;�� ii, ;;iiii � ��i��: , �`i�i- ,t , � �� %��.� / . ' :� :, ; �� R�SEMD�T Prestwick Place 10th N , M I N N E 5 O Tp City Project 457, July 2014 y` ` ��.. „- . ,�, .