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Page 10 <br /> Assessments <br /> 9/27/93 <br /> _ !!!25, Railroad crossing improvement at Terminal Road east of <br /> Walnut Street <br /> a. Two Written objections were submitted* Willemette Industries, <br /> Inc. located at 2425 Terminal Hoard state that the assessment is <br /> inappropriate for this property and that the assessment should <br /> b the responsibility of the Minnesota Commercial Railroad* <br /> This item was turned over to the appraisers for their <br /> consideration the assessment. It is staff's recommendation <br /> that the assessment stand as submitted and adjustments be made <br /> after the report of the appraiser has been received* <br /> be The second Written objection was from the 614 Company, owners <br /> of the property located at 2550 Walnut Streets Mr. Hobert <br /> Greenberg of the 614 Company states that the amount of the <br /> assessment is in excess of the value benefit to the property. <br /> This has also been turned over to the appraiser. It is staff's <br /> recommendation that this assessment stand as proposed until the <br /> report is received and adjustments can be made ,at a later date <br /> through the appeal processe <br /> Staff has notified each affected property owner of recommendations regarding their Written objections. Hopefully, -all property owners <br /> understand the staff recommendation for each of the proposed changes. <br /> policy objectives: Each of the projects have been assessed in <br /> accordance With the city assessment policys We believe the policy <br /> should d riot be amended as a result of any of the written objections* <br /> al im licatione: These projects have been financed using a <br /> �inanci � r State <br /> combination of special assessments, improvement bonds, Municipal. <br /> id street funds, utility funds, and minor developer contributionse <br /> + <br /> Financin g for the individual projects is consistent with past city <br /> policy a practice.ractice. Recommended reductions in the assessment amounts <br /> can be borne by the city g eneral fund portion of project financing. 1 t <br /> is not <br /> recommended that other properties be reassessed to offset the <br /> reductions in assessment amounts. <br /> RECOIMNDED COUNCIL ACTIONS <br /> Staff re ccm�aa <br /> ends the council adopt resolutions approving the assessment <br /> p <br /> rolls as resented With modifications as outlined in,the attached <br /> summary table for the various public improvement pro]ects. <br />