1993-11-04 CC Minutes Special
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ALBERTVILLE CITY COUNCIL
SPECIAL MEETING
November 4, 1993
Albertville City Hall
6:30 PM
PRESENT: Mayor Mike Pot ter, Counci lmembers John Vetsch, Duane
Berning, Sharon Anderson and Albert Barthel, City Engineers Norm
Gartner and Ron Guerts, City Attorney Mike Couri, City Clerk Linda
Houghton
Mayor Potter called the special meeting of the Albertville
City Council to order at 6:40 PM. The purpose of the meeting is
to establish an assessment roll for the 50th Street Improvement
Project.
Linda presented the appraisal figures prepared by Orion
Appraisals. The Council reviewed the figures as presented in the
appraisal. Several errors in the formulas were detected and the
amounts to be assessed were adjusted.
The cost for the sidewalks, the cost of the upgrade from a 7-
ton to a 9-ton road and additional costs of the improvements over
and above what can be at tributed to increased market val ue to
abutting properties will be borne by the City in the amount of
$62,555. Of that amount $18,000 of TIF have been pledged tot he
project for sidewalks and $17,000 have been pledged for the street
improvement. The $27,000+ difference will have to be made up from
the City's general fund. Attorney Couri was directed to check into
whether additional TIF funds can be used for a project that has
been completed.
Berning made a motion to adopt RESOLUTION #1993-38 entitled
RESOLUTION DESIGNATING PROPOSED ASSESSMENT. The resolution
proposed an assessment roll totaling $220,415 and is proposed to
be assessed over a twelve year period at an interest rate of 6.5%.
Anderson seconded the motion. All voted aye.
Anderson made a motion to adjourn at 9:10 PM.
seconded the motion. All voted aye.
Barthel