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HomeMy WebLinkAbout7A, Resolution 2009-009 to receive special assignment roll for 2009 PMP ~ ~HILLS Request for Council Action Prepared By: Kristine Giga, Civil Engineer Council Meeting Date: May 11, 2009 Motion to adopt resolution 2009-009: Receiving proposed special assessment roll and providing for hearings for the 2009 Pavement Management Program Budgeted Amount: $2,065,000 Estimated Actual Amount: $1,583,141.01 Funding Source: PIR, Enterprise Funds, Special Assessments Recommendation: 1. Adopt resolution 2009-009: Receiving proposed special assessment roll and providing for hearings for the 2009 Pavement Management Program. Supporting Documents: 1. Memorandum from Civil Engineer Kristine Giga dated May 7, 2009. 2. Letter dated May 7, 2009 from City Attorney Jerry Filla 3. Resolution 2009-009 ~ MEMORANDUM DATE: May 7, 2009 TO: Mayor and City Council Ron Moorse, City Administrator FROM: Kristine Giga, Civil Engineer SUBJECT: 2009 Pavement Management Program- Glenarden Neighborhood . Receive assessment roll and order assessment hearing BACKGROUND A portion of the costs for the 2009 PMP project are proposed to be assessed to the benefiting properties. In order to assess these costs, the City must follow the Public Hearing steps outlined in State Statute 429. At the April 27, 2009, City Council meeting, the City Council adopted a resolution declaring costs to be assessed and ordering the preparation of assessment rolls. The next step is for the City Council to adopt a resolution receiving the proposed assessment roll and setting a hearing date for the assessments. Public hearings are required in order to assess the cost of public improvements. DISCUSSION The project is proposed to be assessed consistent with the City's assessment policy, which states that 50% of the costs for roadway improvements will be assessed to residential properties, and the remaining portion financed using various City funds. At the April 27, 2009, City Council meeting, staffrequested direction from the City Council on how to proceed with assessments on several parcels within the project. 1445 Forest Lane: The City Council agreed with staffs recommendation to list this property as 1 REV, as it was determined that without a registered survey, staff could not guarantee that the lot is large enough to be subdivided into two lots that would meet the current City code. 3544 North Snelling Avenue, 1400 Forest Lane, 3438 Glenarden Court: \\Metro-inet.us\ardenhills\Admin\Council\Agendas & Packet Information\2009\05-11-09 Regular\Packet Information\7 Al - 5-11- 09Memo _ 2009PMP _ OrderAssessmentHearing.doc 2009 PMP 5/8/2009 Page 2 These three parcels are large enough to be subdivided; however, the existing home would need to be removed to do so. The property owners requested that their assessment for 2 REVs be reevaluated. The City Council directed staff to research options for delaying the payment of the assessment until such time that the property is subdivided. Attached is a letter from the City Attorney with three options on how to address these parcels. 1433 Forest Lane: This parcel could be subdivided without moving a structure. This property is listed as 2 REUs. City parcels: Freeway Park, which is identified as a tax-exempt equivalent unit (TEV), has been converted to one REU based on the same subdividing criteria used to determine the residential lot units. Lindy's Park was not included, as it is right-of-way and is not a delineated parcel. City Council asked staff to determine how many lots this area could be if it were a delineated parcel. Staff determined that Lindy's triangle would be the equivalent of two parcels that meet current City code. FINANCIAL IMPLICATIONS Assessment rate The total amount to be assessed is $ 594,152.22. The total project cost is $1,583,141.01; the amount to be paid by the City is $988,988.79. The table below shows the cost per unit for three scenanos: a. Including no City parcels in the assessment roll b. Including Freeway Park as 1 REU in the assessment roll c. Including Freeway Park as 1 REU and Lindy's Park as 2 REU in the assessment roll #REU Includes: Cost per unit 89 85 parcels, 4 of which are 2 REV; no City parcels $ 6,675.87 90 89 REU plus 1 REU- Freeway Park $ 6,601.69 92 89 REV plus 1 REU- Freeway Park, 2 REU- Lindy's $ 6,458.18 Interest rate For the 2007 PMP, the City Council set an interest rate 6.5%, which was 2% over the annualized rate of return (4.5%, May 2007). The assessment policy states that the interest rate shall be set at prime plus two percent. Prime rate is currently 3.25%; this would mean an interest rate of 5.25%. The current annualized rate of return on the City's portfolio is 2.8%. If the City Council were to set the interest rate at 2% over the annualized rate of return, the rate would be 4.8%. Payment Period In 2007, the City Council deviated from the assessment policy by extending the payment period from 5 years to 7 years for the mill and overlay project. The standard payment period for a 2009 PMP 5/8/2009 Page 3 reconstruction project is 10 years. The following table shows the annual assessment amount for the three scenarios listed above at 10 and 15 year payment periods with 4.8% and 5.25% interest rates. Assessment Length of amount payment Interest Annual Total Interest #REU (per unit) (years) Rate payment Paid 89 $ 6,675.87 10 4.80% $ 856.18 $ 1,885.92 10 5.25% $ 875.08 $ 2,074.96 15 4.80% $ 634.50 $ 2,841.68 15 5.25% $ 654.08 $ 3,135.37 90 $ 6,601.69 10 4.80% $ 846.67 $ 1,864.96 10 5.25% $ 865.36 $ 2,051.91 15 4.80% $ 627.45 $ 2,810.10 15 5.25% $ 646.81 $ 3,100.53 92 $ 6,458.18 10 4.80% $ 828.26 $ 1,824.42 10 5.25% $ 846.55 $ 2,007.30 15 4.80% $ 613.81 $ 2,749.01 15 5.25% $ 632.75 $ 3,033.13 SCHEDULE Assessment rolls must be adopted no later than September 28, 2009, to allow for a 30-day pre-payment period. Following the pre-payment period, assessment rolls are certified to Ramsey County for collection. The County requires that this certification be done by November 15 in order to allow them enough time to add the assessments to property taxes. The City plans to complete the certification by the end of October. As a result, we recommend the following schedule for the 2009 assessment process: May 11 Resolution receiving assessment rolls, setting hearing dates May 20 Notice of hearing published in the Shoreview-Arden Hills Bulletin May 20 Mail notices to affected property owners June 8 Assessment hearing June 8 Hearing date for final adoption of assessment roll June 9 to July 8 Prepayment of assessments (30 days) 2009 PMP 5/8/2009 Page 4 CONCLUSION The number of parcels to be assessed, interest rate and length of payment must be set for this resolution. Following the assessment hearing and prior to adoption of the assessment roll, the City Council may choose to adjust the interest rate and length of payment. The City Council can not increase the proposed amount to be assessed once the preliminary assessment roll is adopted, per Chapter 429 of the State statute. RECOMMENDED COUNCIL ACTION Approval of Resolution 2009-009: Receiving proposed special assessment roll and providing for hearings for the 2009 Pavement Management Program. Warren E. Peterson Jerome P. Filla Daniel Witt Fram Glenn A. Bergman John Michael Miller Michael T. Oberle Steven H. Bruns. Paul W. Fahning* Sonja R. Ortiz Amy K. L. Schmidt Ben I. Rust Jonathan R. Cuskey Jared M. Goerlitz P/&ERSCN, FRAM BERGMAN Suite 800 55 East Fifth Street St. Paul. MN 55101-1718 (651) 291-8955 (651) 228-1753 facsimile www.pfb-pa.com PROFESSIONAL ASSOCIATION (651)290-6907 jfi t I a(@ofb-oa.com May 7, 2009 Kristine Giga City Engineer City of Arden Hills 1245 West Highway 96 Arden Hills, MN 55112 VIA EMAIL & U.S. MAIL Re: 2009 PMP Special Assessments Our File No.: 10470.08-1 Kris: According to the City's current policy, street improvements are specially assessed on adjacent single family residential parcels on a per lot unit basis. Special assessments on single family residential lots which are capable of further subdivision can be addressed in a number of ways: A. Pursuant to Minn. Stat. ~429.061, Subd. 2, the City could levy special assessments for current and possible future lots at the same time. If current dwelling units need to be moved to accommodate the future subdivision, current property owners would argue, perhaps successfully, that they will not realize special benefits from the additional unit assessments until the future subdivision occurs. B. Pursuant to Minn. Stat. 9429.061, Subd. 2, the City could assess one unit now and adopt a deferred assessment roll for future lots. A future subdivision of the property would trigger the payment of the deferred assessments. However, all deferred assessments must be paid within thirty (30) years of the date of adoption of the deferred assessment roll even if the subdivision has not occurred within that time. .ALSO ADMITTED IN WISCONSIN Kristi ne Giga May 7, 2009 Page 2 c. Pursuant to Minn. Stat. 9429.071, Subd. 1, the City could adopt a supplemental assessment roll when the subdivision of the property occurs. The City would need to follow all of the process that it does when it adopts a normal assessment roll but, only those people who would be receiving a supplemental assessment would need to be notifi ed . If option A or B is followed, the assessment resolutions would be recorded and would provide notice to future property owners of existing assessments. If option C is followed, a future property owner would not know that there is a "pending assessment" when the purchase agreement is signed for the newly created lot. Lots on which special assessments are deferred or on which the City anticipates adopting a supplemental assessment roll should somehow be flagged in the City's records so that future staff and council members realize that there are special assessments to be collected, and so that this issue could be raised at the time of the application for the subdivision. If you have any questions, please contact me. JPF/jmt ..".. , ~ ~HILLS CITY OF ARDEN HILLS COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. 2009-009 RESOLUTION RECEIVING PROPOSED SPECIAL ASSESSMENT ROLL AND PROVIDING FOR HEARINGS FOR THE 2009 PAVEMENT MANAGEMENT PROGRAM WHEREAS, by a resolution passed by the council on April 27, 2009, the City Administrator was directed to prepare a proposed assessment of the cost for the City of Arden Hills 2009 Pavement Management Program improvement of the following streets: Arden Place, from Old Snelling to Glenarden Road, Glenarden Court, from Skiles Lane to Glenarden Road, Glenarden Road, from Old Snelling to cul-de-sac, Forest Lane, from Old Snelling to Glenarden Road, Skiles Lane, from Old Snelling to Glenarden Road, Snelling Avenue N, from Arden Place to cul-de-sac, WHEREAS, the City Administrator has notified the council that such proposed assessment has been completed and filed in his office for public inspection, NOW, THEREFORE, BE IT RESOLVED by the Mayor and the City Council that: 1. A hearing shall be held at 7:00 p.m. on the 8th day of June, 2009 in the city hall at 1245 West Highway 96, to pass upon such proposed assessment. All persons owning property affected by such improvement will be given an opportunity to be heard with reference to such assessment. 2. The City Administrator is hereby directed to cause a notice of the hearing on the proposed assessment to be published once in the official newspaper at least two weeks prior to the hearing, and he shall state in the notice the total cost of the improvement. He shall also cause mailed notice to be given to the owner of each parcel described in the assessment roll not less than two weeks prior to the hearing. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the county auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the City Administrator, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of the assessment. An owner may at any time thereafter, pay to the County the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which \\Metro-inet.us\ardenhills\Admin\Council\Agendas & Packet Information\2009\05-11-09 Regular\Packet Information\7A3 - 2009-009, Ordering Assessment Hearing 2009 PMP,doc Stanley D. Harpstead, Mayor such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the succeeding year. ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS THIS 11th DAY OF MAY, 2009. ATTEST: Ronald J. Moorse, Administrator \\Metro-inet.us\ardenhills\Admin\Counci/\Agendas & Packet Information\2009\05-11-09 Regular\Packet Information\7A3 - 2009-009, Ordering Assessment Hearing 2009 PMP ,doc