1989 Rec./Disb./Resolutions & Minutes

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CC Meeting Minutes August 23, 1989 Page Two the project were in, the City will have to decrease the assessment depending upon the over assessment made. He assured Mayor Haberman that the proposed re-assessment was not a Ii tigation ploy. He advised that to re-assess the Ci ty would have to hold a supplemental hearing and follow public hearing procedures just as with the initial project. Hawkins noted that costs which may not be taken into consideration to this point with the proposed 1987 street Reassessment include litigation costs and capitalized interest. Pat Schweiger, 1703 Center Street, and Bill Svetin, 1687 Peltier Lake Drive, were present in the audience and asked questions of the proposed assessment. Gary Groehn, City Auditor, advised that the 1987 Construction Fund Project cost was $465,072. The 1988 project cost was $19,810. The total project cost thus would be $484,882. He advised that this dollar amount did include 1988 litigation costs. If the 1988 litigation costs were excluded, the cost of the'project would be $477, 265. Groehn also presented additional Debt Service information which is attached to and made a part of these minutes. Motion by Burgstahler, second by Neumann to direct the Clerk/Administrator to draw up an assessment schedule detailing costs for the 1987 Street Project regarding assessment and bond details, this information will be coordinated with City Attorney and City Auditor for review and possible recommendation options, Peterson aye, Burgstahler aye, Neumann aye, Pelton- abstain, Haberman - abstain, motion carried. City Attorney Hawkins advised that the City Council would have to set policy as to what to do with prepaid assessments should the 1987 Street Project be reassessed. He advised that it would be his recommendation that any refund be made to current property owners. Motion by Burgstahler, second by Neumann to hold a special meeting on September 7, 1989 at 7:00 p.m. to discuss possible