1996 CC Minutes - Laserfiche WebLink

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Council Meeting November 13, 1996 ~. MOTION by Brenner, seconded by Helmbrecht to approve the delinquent water bill resolution for the delinquent water bills to be certified to the county auditor, under code 825.98. Motion carried unanimously. MOTION by Brenner, seconded by Buckbee to approve the delinquent garbage resolution with the deletion of Joseph Salhstrom. Motion carried unanimously. ASSESSMENT HEARING FOR CLEARWATER MEADOWS AND BRIAN DRIVE W A TERMAIN SERVICES. Helmbrecht opened the Public Hearing on Clearwater Meadows and Brian Drive Assessments. Nyberg explained the procedures. Nyberg indicated the proposed assessment at $1,644.91 for a period of 10 years with an interest rate of8% annual compounding, the first payment of$270.38 the remaining payments of$245.14. Kevin Fogerty of7088 Brian Drive questioned the conclusion of the assessment amount, suggesting the council consider lowering the S.AC. fees. Steven Yoch - representing Rockey Goertz ofKlosner Goertz Homes Inc., questioned the council if they received Mr. Goertz objection letter. March acknowledged receipt of the letter. Y och continued explaining the City Hall Watermain improperly charges K-G for the entire cost of the City Hall watermain when other property owners will benefit from the improvement. The assessment should be adjusted to reflect the proportional benefit which will be realized by others. In particular, the Eagle Pass subdivision will contain over 140 units which will benefit from this improvement and are not being assessed. Y och further explained the period of the assessment; the proposed assessment requires payment over five years while the Development Contract Clearwater Meadows (June 10, 1996) between the City and K-G requires payment over ten years. Nyberg questioned Mr. Goertz's request for the terms 6.5% over 5 years then asked if that was the terms the City and Mr. Goertz agreed upon. It Nyberg asked Mr. Goertz if the interest rate of6.5% with 5 year payments were the terms the City and Mr. Goertz agreed with. Mr. Goertz simply would like to see a break down on all fees, administration, engineering and construction since he is paying for each. Y och suggested sitting down with Mr. Nyberg to discuss the fees and the assessment amounts prior to the council adopting the assessment. Further, the terms in the developers agreement were 8% over 10 years. Y och stated if the City adopts the assessments tonight then they will go to court. March asked if Carolyn Drude recalled a meeting with Mr. Goertz and himself when the term length of the bonds were discussed. Ms. Drude recalled the meeting and recalled the terms 6.5% interest with maturity in the fifth year. Mr. Goertz commented its not that the term issue isn't the end of the world, he would just like 2