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HomeMy WebLinkAbout1974-045 CCR Member Tony Kuefler introduced the following resolution and moved its adoption: RESOLUTION NO. 74-45 RESOLUTION INCREASING THE ASSESSMENT RATE FOR CITY WATER IMPROVEMENTS WHEREAS, the Director of Public Works has presented a report dated March 13, 1974, showing that the present assessment rate of $590.00 per residential assessment unit, $6.20 /front foot and $2.42/100 sq. ft. of area for large tracts, is now inadequate to support the construction costs for providing water service to property owners in the City of Brooklyn Center; and WHEREAS, the report further estimates the basic cost of pro- viding an equivalent 6 -inch lateral and service line to the abutting property owners to be $750.00; and WHEREAS, it was determined in 1968 that all new water users shall share equally in the financing of the trunk main and supply facilities costs by being assessed an area equivalent rate of assess- ment in the amount of $2.42/100 sq. ft., or $245.00 per residential lot; and WHEREAS, the said report further shows that during the period of 1968 to 1974 the Engineering News Record Index of general construct- ion costs has increased by 830, while the U. S. Department of Labor Consumer Price Index for the Twin City area indicates the purchasing power of the dollar has decreased by 38.4 and WHEREAS, it is determined that an equitable area assessment rate for trunk mains and supply facilities is one which is directly related to the current purchasing power of the dollar; and WHEREAS, the Consumer Price Index reflects an up to date change in the current purchasing power of the dollar with respect to previous years; and WHEREAS, increasing the area equivalent rate of assessment by 38.4% to $3.35/100 sq. ft., or $340.00 per residential lot, results in new water users being assessed an amount equivalent to the purchasing power of 1968 dollars. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center, Minnesota as follows: 1. That the unit water assessment rate be increased to $750.00, effective on all residential projects on which petitions are received or which are ordered by the City Council after April 1, 1974, and further be increased to $1,090.00 effective on all projects after January 1, 1975. i i RESOLUTION NO. 74 -45 2. That the equivalent frontage rate of assessment be increased to $10.85 /front foot and the area equivalent rate of assessment be increased to $3.35/100 sq. ft. of area, in accordance with the current or future provisions of the City assessment policy as outlined in the Assessment Manual, effective on all non single family residential projects assessed after April 1, 1974. 3. That the equivalent frontage rate of assessment and the area equivalent rate of assessment be adjusted annually each January 1 in accordance with the Twin City Consumer Price Index reported for the preceding October. March 25, 1974 Date Mayor ATTEST: i�,. A_ City Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Maurice Britts and upon vote being taken thereon, the following voted in favor thereof: Philip Cohen, Maurice Britts and Tony Kuefler; and the following voted against the same: Bill Fignar, whereupon said resolution was declared duly passed and adopted.