1999-04-14 - Laserfiche WebLink

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MEMORANDUM DATE: April 8,1999 TO: Honorable Mayor and Council FROM: Ms. Ry -Chel Gaustad, CMC City Clerk RE: The Reallocation of Assessments The City assessed the properties along 20th Avenue for sewer and water improvements. At that time, the Council elected to allocate the cost to benefited properties according to square footage. One of Mr. Rehbein's 38 acre parcels was no exception, and thus assessed accordingly ($152,498.77). Mr. Coatney (owner of Terminal Transport) was in the process of purchasing the property and signed a purchase agreement when the assessment was placed on the property. In their signed agreement, Mr. Rehbein and Mr. Coatney agreed that Terminal Transport, Inc. would be responsible to pay their assessment respective to the footage purchased. The two men agreed that Mr. Coatney's assessment responsibility is $30,548.12, and this amount would be assessed to his property until the term date of year 2008. Mr. Rehbein also entered into a similar agreement with Royal Oaks Realty ($100,000) containing corresponding stiplutations regarding assessments. However, this practice is not usually exercised by Cities. Under the stated circumstances, Mr. Rehbein requests that the City authorize Staff to reallocate the assessment as noted. Mr. James Hoeft will be in attendance to further discuss this issue.