CCP 05-11-1992 - Laserfiche WebLink

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. Arden Hills Council 5 April 27, 1992 The following general comment.s were made or questions asked from the audience: Question/comment: The letter sent out to residents was unclear as to how assessments will be handled. How will assessments be billed? How many years can the assessment run? When will assessments need to be paid? Malone explained as follows: Council determines the assessment amounts when the assessment roll ~s adopted and typically the assessment runs for a five year period at 8% interest. Each year's assessment appears on property tax statements beginning the next year after the project. If the entire assessment is paid within 30 days, there will be no interest. If the property owner does not wish to pay for the assessment up front, interest can be reduced by paying ahead of schedule (check with the City office for more details). Fixed and low income persons can apply for tem~orary deferral whereby the assessment will not be paid unt11 the property is sold. In some cases. if the assessment amount is quite large. the Council can set up for a term of 10, 15, or 20 years for payment of the project. . Question/comment: If a house is sold before this project is approved. who pays the assessment? City Attorney Filla stated that in most cases, the seller i-s liable to clear up any pending assessments well , as as any assessments already levied against the property; however. if the buyer and seller make other arrangements for payment of assessments, those arrangements must be outl ined specifically within the purchase agreement for the sale of the property. Question/comment: Are there separate bids for upper and lower Till er Lane? In other years streets have been seal coated and that seemed to save the streets from a lot of de1;erioration. Why should lower Tiller be reconstructed now rather than overlayed? Aren't West Round Lake Road and Dunlap in worse condition? Maurer stated that the entire Tiller Lane project has been bid together and both the upper and lower portions of the road have been rated as in need of reconstruction rather than repair. He added that Council is also considering improving West Round Lake Road and Dunlap; possibly a "recycling" procedure may be found to be appropriate. He . explained that the City has an established street repair plan, and every attempt is made to use the limited available funds as wisely as possible either to reconstruct or repair, wh~chever appears to be the most cost effective.