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HomeMy WebLinkAbout4.d.1. Presentation by SEH Regarding Assessments CITY OF ROSEMOtTNT EXECUTIVE SUMMARY FOR ACTION PORT ALTTHORITY MEETING DATE: DECEMBER 21, 1993 AGENDA ITEM: BUSINESS PARK ISSUES: AGENDA SECTION: PRESENTATION BY SEH REGARDING ASSESSMENTS WORK SESSION PREPARED BY: JOHN MILLER, �iGENDA N0. ECONOMIC DEVELOPMENT COORDINATOR 4 .D. (1) ATTACI�2ENTS: NONE A O D BY: I have learned from the port authority' s executive director that the commissioners have e�ressed an interest in learning more about possible assessments in the business park. In this regard, I have invited the port authority' s engineering consultant, Dave Simons, to visit with you about dollar costs of phase la and how they can be recovered. Mr. Simons indicated to me that he would have overheads and handouts for his informal work session discussion with you. RECO�lENDED ACTION: Discussion item only. PORT AIITHORITY ACTION: � �� MEMORANDUM � ❑ST PAUL,MN ❑ MINNEAPOLIS,MN ❑ ST CLOUD,MN ❑ CHIPPEWA FALLS, WI ❑ MADISON, Wl TO: John Miller Economic De�elopment Coordinator FROM: David F. Simons, P.E. DATE: Decernber 21, 1993 RE: Rosemount, Minnesota Business Park Preliminary Plat SEH No. A-ROSEM3164.02 You have requested that we discuss the updated costs for Phase IA of the Business Park along with sorne assessment options at the Port Authority Workshop on December 21, 1993. This memorandum is intended to serve as an outline for our discussion. UPDATED COSTS ' The Preliminary Plat for the Business Park was approved by the Port Authority on October 29, 1993, thQ Dakota County Plat Commission on No�ember 8, 1993, and by the Rosemount City Council on December 7,1993. During the approval process,revisions were made to the design which have led to increased infrastructure costs in Phase IA of the Business Park. The following revisions were made: • Increased the median and right-of-way widths on the Entrance Drive. • Added ornamental lighting to supplement overhead lighting. • Added sidewalks to the Entrance Drive and Ring Road. • Increased the nurnber and type of trees and shrubs in the boulevards. � Changed the phase boundaries to include rnore roadway length in Phase IA. Mr. John Miller December 21, 1993 Page 2 The updated Preliminary Plat drawings are attached for your reference. The new estimated costs for Phase IA are: Item Estimated Cost Sanitary Sewer $ 184,000 Water Main 182,000 * Storm Drainage 260,OQ0 Street Facilities 306,000 Street Lighting 144,000 Landscaping 104,000 C.S.A.H. 42 Improvements 84A00 Estimated Total $ 1,264,000 � *Approximately $22,000 of this amount is considered to be a Gity core cost. These costs are based on anticipated 1994 unit prices, and include allowances for construction contingencies (10 pereent) and anticipated City overhead eosts (30 percent), Of the total $1,264,000, approximately$22,000 is estimated to be a City core cost for the water main oversizing along C.S.A.H.42. The remaining$1,242,000 would be assessable to benefitting properties. ASSESSMENT OPTIONS Prior to discussing assessment options, it will be necessary to state several assumptions. Assumption 1 - The Port Authority will act as the developer and enter into a Development Agreement with the City. Assumption 2 - The infrastructure will be installed as a City improvement. Minnesota Statutes Chapter 429 will regulate the procedure for construction and financing. The City will finance and construct the project, and will collect special assessments ' from the benefitting properties. Assumption 3 - A final plat will be submitted and appraved prior to Mr. John Miller December 21, 1993 Page 3 preparation of plans and specifications for the improvements (a public hearing is nof required for approval o# the final plat). The final plat will contain #he entire 80 acre parcel. However, all areas except for Phase IA will be platted as an outlot. The Entrance Drive and Ring Road in Phase IA will be dedicated to the City. In addition,those segments of Biscayne Avenue and C.S.A.H. 42 which are inside the 80 acre parcel will be dedicated to the City and County, respectively. (The City and County currently have easements for these roadways.) This would result in the creation of one 10-acre lot and a large outlot, The outlot would be platted into lots as a part of the next phase of the develapment. Based on the assumptions stated above, the $1,242,000 would be assessed to two separate lot5 (the 10 acre lo# and fihe remaining outlot). If the standard unit method of assessment is used, each lot would be assessed 50%, or $621,000. The front footage method would result in the same $ 621,000 assessment per lot because both lots have the same front footage. Under the unit method ox #he front footage method, only the outlot wauld be assessed again for future improvements made in subsequent phases of development. The 10 acre lot would receive no additional assessments. A more equitable type of assessment may be based on the "area" method. In this method� the total assessable cost of the project is divided by the total developable acreage of the two lots. This produces an assessable cost per developable acre. The assessable cost per acre is then multiplied by the size of each lot to obtain the assessment. This method would result in assessments of $227,431 and $1,014,569 for the 10 acre lot and outlot respectively. Under tl�e area method,both lots would be assessed again for all future improvements that would be�nade within the origina180-acre parceL Table 1 is a summary of assessment options for your consideration. Piease call if you have questions or comments on this materiaL kam Attachment c: Ron Wasmund, Interim City Administrator Bud Osmundson, City Engineer/Assistant Public Works Director Rick Pearson, City Planner Table 1 Summary of Assessment Options for Phase IA � r$ � i`����' Front Foota�e���'' {${ �i�;S, �''` � � � , ,� � �� Unit Methodi �'�,�,' Method�� '����;�ti���`,� ; Area Method�� � � .�y;�. Pt �� `�+yt�t��j jS, � { ti �. °� ' � i�{, �'�, h., +� .;�i'i�.t' .t. t f; � � Assessment . H'�� 'a',�is�s�'e�ssment 3 �'s' �_ _� Assessment ' . j . �� � . , �,; 7 � + i , ,yi� i ��:� � r� � .�� . �� �;ir � � F ,� �.� �ar� +� {�"; � � ' } i a �-� t `P8T �..� �� . x � r� , �h���� EYi�a;���r°�..� � i�, �� t�� �8T � � � �� Developable '' ` 1� ' ��'' � p. � � ' ' ` P �,: � 7= �� ,� �'� � �' , .� ,i� � � . , Develo able� s� ' w= „�DeveYo able,. � ,', t� Develo able;. Lot Acreage Assessment 'k �Acre �,��{�'; Assessment;{ ,t�d .,Acre,x�,���t j Assessment� Acre � � ; � t ������ � `��' � ���� ;� �����.-: �t; � ii. '�: _�, ��,: �.( � 10-Acre Lot 9.87 $621,000 $62,917.93 $&21,040 $62,917:93 $227,431 $23,042,67 Outlot 44.03 $621,OOfl $14,104.�2 $b21,000 $14,104.02 $1,014,569 $23,042.67 Total 53.9 $1,242,000 $23,042.67 $1,242,000 $23,042.67 $1,242,000 $23,042.67 1 Outlot would receive additional assessments for future phases of development. z Both the 10-acre lot and the outlot would receive additional assessments #or future phases of development. � � ��- ��; �� � � � � . �,�;�':' , a,—=.,� � . .. , , . . 1 � _ - � , � . . -/ � " �� r�" '� _ =� . ,. , . �� � ,�"`�" � •��� � � �. . . ., , . � � , � � , � �• � \ � ��':._ _�s ..--= ..- ._�- �+ _ 1 � `�� l � . •. .I�_,_. .,. _. _ — �.=---�r—_—�—'r-r"��rl1�� '����v- �%►-_�-�-...� ��i+�i+' ./i.�i/�v ` �j c� �' — � - = ��_ _ _ _ _ _ _�� — �_ � _:.r. _ _ �___ � �- �.r—��.����_�� ��..�.����.�C � ��.��.r�,►'�-a.'�.�r.!_ �i��' � �� �� . ������.�:..����...:.:��,r.�..�.���.� � , .�,;., -:__���� ��;r�,��� �.'„�� / r.�• • ����--�-_ �� - '' � �� ������1����L�. �i{W6 7�.�---. ��I�°°n:��_�.�_A�������'���L�.C.-�•. • -'• — � �a��/ �����=qly:A�.'l14L• ��������,����`,�� '/ � i��i.�."�z�...������_.__ �__.�� =--- — ---=.=� ==---.ai��-��"� - �.����'���--� —=.�'"""�"a""o'a'o'.,�,�.�,o r��'- � ...-..�._--�-.""'�„'"�. ..,,..'' - — - — .�,�r�"'� _ =""�"" _. -a a�"i ..7`-�r�►_��r� - ` c �e -! �.� _� .` x � 1� ;.:�! -�-..� ��. _-�--- _____ • � ' ��- s ,. .. _., -- —— - — ` .:° � 1i11i` ���""'�, ����r,.`;`.-� � � I I ���1��I�R�� ��''='�:7�/<<��, ,� �� � u..�. ��-�'�� ��� u� II �' ��'� �1 ,1V�v .���r+,r/. � � \ � / I��i �, e,' y, � � ��, � � �, ��11,11���'�� ��.�.- �+L� � ;' ,. ,,. , ��-. 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