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83-044
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83-044
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<br />six years was arrived at because you had a developer's agree- <br />ment, but if you wanted to go ten years for them, the developer's <br />agreement would apply to the rest and the Hansen's could be <br />spread over ten years. <br /> <br />MR. ROBERT G. HANSEN, 1465 Floral Drive: If that's the <br />, desire of the Council, we would be more than willing to enter <br />'n'~"'i:nto""'such=an""agreenient7'"ProperlcT]:~a;J;17.drawnrt-tJt'"at'>:leas~-".; "". .....:;.;;. -. , <br />spread this thing out over a longer period of time. You have <br />our word that we have no desire or plan or idea to develop it <br />currently or in the future. Obviously, we will not be here <br />forever and it would certainly be of benefit to the community <br />if some kind of agreement was entered into so that the money <br />could be recouped. For us to be assessed on the same basis <br />as the developer who has built this thing to make money, and <br />all we're doing is continuing the same lifestyle we've had <br />since we came out there - us shelling out 1/6 per year at lO% <br />interest when we're not going to change anything except see a <br />little less grass than we did - it seems a little - legally, <br />probably, true - but practically it hurts a little bit. We <br />deliberately wrote that out rather than me stand up and try to <br />reiterate all this. I appreciate your consideration. We <br />would be willing to enter into any kind of an agreement that <br />would be legally binding both ways so that the City would get <br />its money. <br /> <br />MAYOR WOODBURN: Could an agreement be entered into with <br />Mr. Hansen, Mr. popovich, to spread this out over 12 or l5 <br />years for that parcel, unless it was divided and platted, in <br />which case it would be due? <br /> <br />MR. POPOVICH: The assessment roll will have to be spread <br />in equal installments over whatever period of time you arrive <br />at. If you have a separate agreement that would provide, as <br />you said, that if it was developed or anything then the full <br />amount will be due and payable - it's an agreement. It's <br />recordable and it floats along with the title, so if any <br />subsequent owners - in case they were to die or had to sell <br />the property - it would be a part of the condition of the <br />title. That would be an enforceable agreement. For example, <br />if you decided to go the 15 years and then six years from now <br />something happened where the property changed or was developed, <br />the whole amount would be due and payable in that six years - <br />whenever that occurred. The only thing is - between now and <br />when that happens - whatever the shortfall is, you're going <br />to have to be able to pick that up, either internally within <br />the City or by adding it to the general mill rate over the <br />entire City. <br /> <br />. <br /> <br />MAYOR WOODBURN: So we'd get it back eventually. <br /> <br />MR. POPOVICH: You may eventually get it back - at some <br />point in time you would. If you spread it over l5 years, <br />you'd get l/15 of the principal, plus 10% of the outstanding <br /> <br />-8- <br />
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