CCP 11-09-09 - Laserfiche WebLink

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ASSESSMENT PROCEDURE A special assessment hearing would be required to levy assessments if the project is ordered by the City Council and the project is constructed as proposed. At the special assessment hearing, the Council will determine the method of assessment to be used, the amounts of the assessment based on actual costs, the interest rate to be charged, and the period of years over which the assessment is to be spread. Property owners who are assessed are provided with a 30-day period to pay off their assessment without interest charges once the Council approves the assessment. Assessments that are not paid off during this 30 day period are certified to Ramsey County to be collected with real estate taxes under the terms set by Council at the assessment hearing. The first payment of the levied assessment would appear on the 2012 year's tax statement and would include about 15 months interest from the date of the assessment hearing through the end of the 2010 tax year. An example special assessment payment schedule of the estimated assessment for this project appears in Appendix B. The City has adopted an ordinance for the deferment of special assessments for elderly residents; see a copy of Section 2 of the New Brighton City Code in Appendix B. To qualify for a deferment, residents must be 65 years of age or older and the average annual amount of the principal of all their assessments must exceed one percent of their Federal adjusted gross income. PROPOSED PROJECT SCHEDULE We recommend the following schedule for this project: Neighborhood Informational Meeting was held October 29, 2009 Receive Feasibility Study and set Improvement Hearing date November 9, 2009 Improvement Hearing December 8,2009 Award Contract April, 2010 Start Construction May,2010 Project Completion Fall, 2010 Assessment Hearing September, 2011 7