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<br />.vI\ <br /> <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />June 23, 2009 <br /> <br />TO: <br /> <br />Mayor and City Council <br />Ron Moorse, City Administrator <br /> <br />FROM: <br /> <br />Kristine Giga, Civil Engineer <br /> <br />SUBJECT: <br /> <br />2009 PMP Improvements- Adoption of Deferred Assessment Roll <br /> <br />BACKGROUND <br />On May 11, 2009, the City Council set June 8, 2009, as the date to hold public hearings for the purpose of <br />establishing special assessments for the 2009 PMP Improvements. At the June 8, 2009 meeting, the City <br />Council adopted the assessment roll for the project, and provided direction to staff regarding the terms of <br />the deferred assessment. <br /> <br />DISCUSSION <br />As discussed at earlier meetings, four properties within the 2009 PMP are large enough where they could <br />be subdivided, according to the current City Code. These properties are: <br />3544 North Snelling Avenue <br />1400 Forest Lane <br />1433 Forest Lane <br />3438 Glenarden Court <br /> <br />The City Council directed staff to defer the second assessment on these properties until such time that a <br />subdivision occurs. A deferred assessment roll was prepared following Minn. Stat. 429.061, Subd. 2. A <br />future subdivision of the property would trigger the payment of the deferred assessments. Deferred <br />assessments are certified to the county auditor but collection is deferred. A certificate of the deferred <br />assessment must contain the legal description and the parcel identification number (Pill) of the affected <br />property and the amount deferred. Deferred assessments constitute liens on the property and must be paid <br />within 30 years of the assessment levy even if the subdivision has not occurred within that time. <br /> <br />The City Council directed staff to set the assessment period at the maximum term allowable, 30 years, <br />and to forgive the interest on the assessment. The resolution has been prepared accordingly. <br /> <br />RECOMMENDED COUNCIL ACTION <br />Approval of resolution 2009-016, adopting deferred assessments for the 2009 PMP improvements, <br /> <br />\ \Metro-inet\ardenhills\Admin \Council\Agendas & Packet Information \2009\06-29-09 <br />09Memo2009PMP _ DeferredAssessment-adopt.doc <br /> <br />Regular\Packet Information\7.A - 6-29- <br />