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HomeMy WebLinkAbout7.a. Autumn Path Extension Project, City Project 2019-07 Assessment Hearing EXECUTIVE SUMMARY City Council Regular Meeting: October 20, 2020 AGENDA ITEM: Autumn Path Extension Project, City AGENDA SECTION: Project 2019-07 Assessment Hearing Public Hearing PREPARED BY: Brian Erickson, PE, Director of Public Works/City Engineer AGENDA NO. 7.a. Stephanie Smith, PE, Assistant City Engineer ATTACHMENTS: Assessment Roll, Assessment APPROVED BY: LJM Agreement RECOMMENDED ACTION: 1. Close the Public Hearing on Assessments for Autumn Path Extension, City Project 2019-07 and decline levying assessment for this project. 2. Approve the Assessment Agreement between the City of Rosemount and the property owners. BACKGROUND The Autumn Path Improvement Project, City Project 2019-07, consists of construction of a 42-foot wide asphalt collector roadway with curb and gutter. Pedestrian facilities will include a trail on the east side and sidewalk on the west side of the road. Storm pipe will be constructed to ponds within the Bella Vista development. Raw and potable watermain will be installed along the road along with some sanitary sewer. As part of the assessment process, staff has provided an agreement to the property owners which would allow the deferment of assessments up to 10 years interest free or until the subdivision of the property, whichever occurs first. Staff has received notarized signature pages from all parties with an ownership interest in the property as shown in the attached agreement. Since the agreement on assessments has been signed by all owners, the assessment hearing can be closed, and Council need not take any action to levy assessments against the parcel. Staff would recommend that the attached agreement be approved by City Council and forwarded for signature by the Mayor. Upon signature, staff will have this agreement recorded and a fully executed copy will be sent to all property owners. Highlights of the agreement include: 1. Property owners agree to the assessment of $644,661.88. 2. Interest will not accrue on this assessment until 10 years have passed or the property is subdivided. 3. This agreement runs with the land and the City of Rosemount will record said agreement. RECOMENDATION Staff recommends Council close the public hearing on assessments and take no further action related to levying assessments on the property. Staff also recommends that the Council approve the attached agreement as presented. C:\\Users\\jab\\AppData\\Local\\Temp\\7.a. Autumn Path Extension Project, City Project 2019-07 Assessment Hearing_617990\\7.a. Autumn Path Extension Project, City Project 2019-07 Assessment H.docx FINAL ASSESSMENT ROLL Autumn Path Extension - City Project 2019-07 Parcel #PID Owner Site Address Owner Mailing Address Owner City, State, Zip Proposed Assessment Notes 1 344746000010 John E McMenomy 1283 Bonaire Path W 1283 Bonaire Path W Rosemount MN 55068 $644,661.88 Rate Based on Special Benefit Appraisal G:\ENGPROJ\2019-07 Autumn Path\Assessments\20200915 Final Assessment Roll