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2015-12-07 CC Agenda Packetlberty� ij� Mayor and Council Request for Action December 3, 2015 SUBJECT: REASSESSMENT OF LOT 2, BLOCK 1, PRAIRIE RUN FOR SPECIAL ASSESSMENTS OUTSTANDING UPON TAX FORFEITURE OF THE PROPERTY. RECOMMENDATION: It is respectfully requested that the Mayor and Council consider the following: MOTION TO: Approve Resolution No. 2015-042, Resolution Adopting Reassessment on Tax Forfeited Property. BACKGROUND: In 2005, the City installed storm sewer, sanitary sewer, municipal water, site grading, and street improvements to the Prairie Run subdivision (Prairie Run Improvements) and special assessed the costs of such improvements back to the properties in the subdivision. At the time, the owners of the properties (Gold Key Development and Robert Heuring) agreed among themselves as to the amount of the assessments to be levied on each lot. Both property owners agreed to waive the right to appeal such assessments. In 2005, the City special assessed the cost of the Prairie Run Improvements to the properties in the subdivision. In 2007, the City widened CSAH 19 in cooperation with Wright County. The City special assessed the benefiting commercial properties in the area. The Prairie Run Improvements carried an interest rate of 6.5 % while the C SAH 19 Improvement carried an interest rate of 6.1 %. The owner of Lot 2, Block 1, Prairie Run, ("Property") made no special assessment payments on the Property at all. The Property went tax forfeit in 2013 or 2014. In 2015, the Property was sold at auction by the County for a nominal price (about $250). The purchaser of the property was informed by the County before he purchased the Property that the City may wish to reassess the entire amount of the special assessments that were cancelled. The outstanding special assessments that were cancelled at tax forfeiture were as follows: 1. C SAH 19 Improvement $ 9,941.20 2. Prairie Run Improvements $1821159.78 Total Assessments $1921100.98 The City's policy over the past several years has been to attempt to break even on the Prairie Run development. The City incurred both construction costs and litigation costs related to this development, all of which would have been recoverable from the developer and or its letter of credit had the developer not gone bankrupt and the issuer of the letter of credit become insolvent. To date, the City has acquired all of the undeveloped residential lots, has sold some, and has the remainder under purchase agreement. The City chose not to acquire the commercial property M:1Public DatalCity Council\Council Packet Information120151120715\2015-12-07 special assessment reassessment RCA. doc Meeting Date: December 7, 2015 ends Page 17 Mayor and Council Request for Action — December 7, 2015 Reassessment of Special Assessments Page 2 of 3 because it believed that the market for vacant commercial land will take several years to recover sufficiently to pay the special assessments that would be reassessed against the Property. City Staff believes that upon sale of all of the residential lots, the City will have broken even on the Prairie Run residential properties and will be short about the amount of the $192,100.98 special assessments outstanding on the commercial property. The new owner of the Property has met with staff asking that the Property not be reassessed for any of the prior special assessments, or that such reassessments be dramatically reduced. Staff informed the owner that it could not support a reduction as the City is still out this money and other properties are still paying their special assessments levied by the City. The owner is expected to appear before the City Council at the December 7th public hearing on this matter. KEY ISSUES: • The City has the statutory right to reassess the cancelled special assessments in the amount due at the time of cancellation. • The County has the Property valued at $244,500 for tax purposes, but it sold the property for $250, which, when added to the $192,100.98 in outstanding special assessments, is far less than the assessed value of the lot. • The new owner recently had the property appraised at $150,000. • If the City were to reduce the amount to be reassessed, it cannot later re -impose the full amount. Any reduction will be permanent. • If the City reassesses the full amount, there is a possibility that the new owner will not pay the property taxes and the property may again go through tax forfeiture in approximately five (5) years. • Many other properties are still paying outstanding special assessments from the CSAH 19 Improvement. All special assessments from the Prairie Run project have either been paid (on the lots that were built upon) or were wiped out in tax forfeiture, to be recovered in part upon the sale of the City -owned residential properties. POLICYTRACTICES CONSIDERATIONS: To date, the City's policy has been to attempt to break even on the Prairie Run development as a whole. The City acquired the residential lots in an effort to control the marketing of these lots in a manner that would ensure that an individual did not purchase them cheaply from the County and then fail to pay the taxes on the properties when the special assessments were re -imposed. The City thought it best to let the commercial property remain in tax forfeiture until the market for vacant commercial land recovered sufficiently to support the reassessment of the entire amount of the outstanding special assessments. FINANCIAL CONSIDERATIONS: Any reduction in the amount of special assessments to be reassessed will likely mean that the City will never recover that money and will not be able to reimburse itself fully for the money spent on this development. City Staff estimates that the City will be very close to breakeven if the full amount of the special assessments on the Property are re -imposed and ultimately collected. M:1Public DatalCity Council\Council Packet Information120151120715\2015-12-07 special assessment reassessment RCA. doc Meeting Date: December 7, 2015 ends Page 18 Mayor and Council Request for Action — December 7, 2015 Reassessment of Special Assessments Page 3 of 3 LEGAL CONSIDERATIONS: The City Council has the authority to reduce the amount of special assessments to be re -imposed (or eliminate them altogether). If the City chooses to reduce the special assessments that it re -imposes now, it will likely not be able to increase the amount of these assessments in the future. Department/Responsible Person: Mike Couri, City Attorney and Tina Lannes, Finance Director Submitted Through: Adam Nafstad, City Administrator-PWD Attachments: Resolution No. 2015-042 M:1Public DatalCity Council\Council Packet Information120151120715\2015-12-07 special assessment reassessment RCA. doc Meeting Date: December 7, 2015 ends Page 19 CITY OF ALBERTVILLE COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION No. 2 0 15-042 RESOLiTION ADOPTING REASSESSMENT ON TAX FORFEITED PROPERTY WHEREAS: The City of Albertville has previously levied special assessments on Lot 2, Block 1, T Square Business Park, Wright County, Minnesota ("Property") related to improvements to County State Aid Highway No. 19 ("CSAH 19 Improvements") and related to the installation of street, curb, gutter, municipal water, sanitary sewer, storm sewer, ponding and related municipal improvements serving the property ("Prairie Run Improvements"). WHEREAS: The Property has gone tax forfeit and the special assessments have been cancelled upon the tax forfeiture of said Property. WHEREAS: The Property has been sold at auction to a private party. WHEREAS: Minn. Stat. 429.071, Subd. 4 authorizes the City to reassess the amount of the unpaid special assessments to the Property upon its return to private ownership. WHEREAS: The City has proposed reassessing the Property in the amounts of the unpaid special assessments outstanding at the time of the cancellation of said special assessments. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALBERTVILLE, WRIGHT COUNTY.) MINNESOTA: 1. Such proposed Reassessment Roll, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. The assessment levied by this resolution shall be payable as follows: A. The CSAH 19 Improvement reassessment in the amount of $9,941.20 shall be payable in equal annual principal installments extending over a period of 7 years, the first of the installments to be payable on or before the first Monday of January, 2016, and shall bear interest at a rate of 6.1 % per annum from the date of this resolution until December 31, 2016. To each subsequent installment when due shall be added interest for one year on all unpaid installments. B. The Prairie Run Improvements reassessment in the amount of $182,159.78 shall be payable in equal annual principal installments extending over a period of 10 years, the first of the installments to be payable on or before the first Monday of January, 2016, and shall bear Agenda Page 20 City of Albertville Meeting of December 7, 2015 Resolution No. 20 5-042 Page 2 interest at a rate of 6.5% per annum from the date of this resolution until December 31, 2016. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The owner of any property so assessed may, at any time prior to the certification of the assessment to the County Auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the City Clerk, except that no interest shall be charged if the entire assessment is paid within thirty (30) days from the adoption of this Resolution; and he may, at any time thereafter, pay to the City Clerk the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year, except that payment may be made in full by January 7, 2016 with no interest accruing on said reassessment. 4. The Clerk shall forthwith transmit a certified duplicate of this assessment roll to the County Auditor to be extended on the property tax lists of the County, and such assessment shall be collected and paid over in the same manner as other taxes. Adopted by the Albertville City Council this 7th day of December, 2015. Attest: Kimberly A. Olson, City Clerk Jilli an Hendrickson, Mayor Agenda Page 21 City of Albertville Meeting of December 7, 2015 Resolution No. 20 5-042 Page 3 REASSESSMENT ROLL PID # PROJECT AMOUNT OF REASSESSMENT 101111001020 CSAH 19 Improvement $ 9,941.20 101111001020 Prairie Run Improvements $1821159.78 Agenda Page 22 Albertville Parks Committee meeting minutes November 2% 2015 Attendees: Tim Guimont, Andy Swanson, Sharon oakvik, LeRoy Berning, John Vetsch City park/church fence -City is looking to replacine the fence between the church and Central Park. Westwind Park - LeRoy brought some plans he drew up for suggested improvements to Westwind Park. The committee will consider the suggestions and discuss it further at the January meeting. Parks update - oa kside Park gazebo is complete, turned out nice. - Four new boards were installed at the hockey rink. They had to be retrofitted. This is a trial and more new boards will likely be added in the future if they work well. - Merry-go-round: estimate to sandblast and powdercoat is $1,,000. Tim suggests having the merry-go-round in Four Seasons Park repaired to see how it turns out, and then consider also having the one in Central Park, which is bent, repaired. - There was more discussion about replacing the fence along first baseline at baseball field, with consideration of adding a net to the top. - Committee requests $150,,000 for baseball field lights and other park upgrades, majority of upgrades will be for Westwind Park. Albertville Lions have committed to help fund the baseball field lighting project, and other sources have shown interest. Next meeting: January 25, 8:00 Minutes recorded and prepared by Andy Swanson, andy.swanson99@gmail.com; 763-370-2428 Agenda Page 23