CC 04-27-1992 - Laserfiche WebLink

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. Arden Hills Council e J April 27,1992 The follo~ing general comments were made or questions asked from the audience: Question/comment: ~he letteL sent out to residents was unclear as to how assessments will be hancled. How ~ill assessments he billed? How many years can the assessment rUL? When will assessments need to be paid? . Malone explained as follows: Council determines the assessment amounts when the assessne~t tol: is adopted and typically the assessment ~uns for a five year period at 8% i~terest, Each year's assessment appears on p~operty tax statements beginning the next year after the project. If the entire assessment is paid within 30 daY3, there ~ill 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 income and elderly persons can apply for temporary deferral ~hereby the assessment Hill not be paid until the property is sold. In some cases, if the assessmerlt amount is quite large, the Council can set up for a term of 10, 1St or 20 years for payment or ~he project, Q~2stion!cornment: If a house is sold before this project approvec, who pays the assessment? City Attorney Filla stated that in ~ost cases, the sellar is liable to clear up any pending assessments as Hell as any assessments already levied against the property; h8wevert if the buyer and seller make other arrangements for payment of ~ssessments! those aryangements ~ust be outlined specifically within the purchase agreement for the sale of t.he property. Question/comment: Are there separate bids for upper and 10Her Tiller Lane? In other years streets have been seal coated and that seemed to save the streets from s lot of deterioration. Why should lOHer ~iller be reconstructed now ~ather than overlayed? Aren't West Round Lake Road and Dunlap in worse condition? . Ma~rer stated that the entire Tiller Lane project has been bid together and bct~ the upper and lower portions of t~e yoad ~ave 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 repalr, Hhichever appears to be the most cost effective.