6.3. SR 03-11-2002 - Laserfiche WebLink

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Honorable Mayor and City Council March 7, 2002 Page 3 This item in the Developer's memo states that they agree to pay for 55 acres of trunk sewer and water assessment at the current 2002 rate of $6,556 per acre. This is a point on which the Developers and City staff have agreed to disagree. The 55 acres referenced in the Developer's memo covers the 95 newly created residential lots in the development. It does not include, according to our understanding, Lot 7 of Block 7 which is the relatively large lot which contains the existing Mitchell homestead, nor does it include Outlot E which is proposed to be retained by the Mitchells. When the Mitchell property requested inclusion into the Urban Service Area prior to 2007, it was the entire 80-acre_+ parcel that requested and was approved. Also, Lot 7, Block 7 and Outlot E are part of the plat of Park Pointe. Therefore, it is staff's recommendation that the entire plat area outside of Klievers Marsh be assessed for trunk sanitary sewer and water service at the rate of $6,556 per acre. This is consistent with how the City has assessed 'other developments in similar circumstances. For instance, when Kliever Lake Fields Addition was brought into the Urban Service Area, even though their first final plat only consisted of about a third of the preliminary plat, the entire preliminary plat area was assessed for trunk utilities. The same happened in the case of Trott Brook Farms when they brought in the first four final plats, the entire 300+ acre development was assessed for trunk utilities. Staff has discussed Several times with the Developer the concem about the 429 improvement and has indicated that if the City exceeds their maximum bonding level of $10,000,000, additional interest would have to be charged to Park Pointe, not only on the portion of the bond for Park Pointe improvements, but also on the entire $10,000,000 bond sold for other purposes. The Developer understands this and realizes that if the City exceeds their $10,000,000 bonding level by doing a 429 improvement in Park Pointe, which is anticipated to happen, the cost of interest on the money would make the 429 improvement unfeasible. An item not mentioned in the Developer's memo but discussed with the Developer was the issue of a potential street assessment against Park Pointe Addition for improvements on 175th Avenue. City staff has made it clear to the Developer that the City Council has authorized a feasibility study for the improvements on 175th Avenue. At this state, the feasibility has not been brought forward to the City Council and likely will not be brought forward until land acquisition issues are further along toward resolution. If you have any questions regarding these issues, I will be in attendance at your March 11, 2002, City Council meeting. Sincerely, Howard R. Green Company Terry J. Maurer, P.E. TJM:tw Ltr 3-6-02 Council Howard R, Green Company CONSULTING ENGINEERS