8.1. SR 12-17-2012 - Laserfiche WebLink

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In an effort to incentivize the connections be made,the City Council discussed changes to the policy. The direction was to hold the amount of the assessment at$15,000 for all connections made within the next three years. The details of the changes are as follows: A Highland Road property owner,upon petition to the city,can connect to the sanitary sewer and water systems before December 31,2015, and assume a flat assessment of$15,000 for the principal on the sewer and water assessment. Those properties delaying connection past December 31, 2015,will be charged the $15,000 assessment with accrual of an annual 3%inflation charge to be calculated starting back in 2006. This would result in a principle assessment amount for properties choosing to connect in 2016 of$20,163. The above described policy change does not affect the requirement of all properties to also pay the current year fee for both the Sewer and Water Access Charges. Those charges and the costs to connect the building to the new services located at the right-of-way will still be costs that need to be covered as part of making the connection. Per the ordinance amendment described above, all of the costs qualify for being assessed to the property if the owner chooses to connect within the next three years. Upon the approval of the policy change by the City Council, staff will prepare and send a letter to each of the property owners along Highland Road detailing the policy and ordinance changes. FINANCIAL IMPACT There is no financial impact associated with this change in policy because the City Council and Elk River Municipal Utilities have already made the financial commitment to provide these services. Any financial impact would be in a positive direction as residents decide to hook up and agree to begin paying an assessment for the sanitary sewer and water system. ATTACHMENTS • Staff report and Council minutes from August 21, 2006 Action Motion by Second by Vote Follow Up r IEREII ATURE