| | | | | | | | 
Shakopee City Council
October 17, 2023
|
| | | | | | | | | FROM: | Darin Manning, Project Engineer | | TO: | Mayor and Council Members |
| | | |
| | | | | | | | Subject:
Waiver of Special Assessment Appeal Rights agreement with Pfeiffer Properties LLP for the Maras Street, 13th Avenue, and Hansen Avenue Utility Extension Project. | | |
| | | | | | | | Policy/Action Requested:
Adopt Resolution R2023-124 approving a Waiver of Special Assessment Appeal Rights agreement with Pfeiffer Properties LLP. | | |
| | | | | | | | Recommendation:
Adopt Resolution R2023-124. | | |
| | | | | | | | Discussion:
On January 3, 2023, City Council adopted Ordinance O2023-001, amending the City's Fee Schedule by adding lateral sanitary sewer connection charges, and Resolution R2023-001, approving funding and connection options for the Maras Street, 13th Avenue, and Hansen Avenue Utility Extension Project, Sewer-21-001.
The project is completed and Pfeiffer Properties LLP has requested to connect his property located at 1451 Stagecoach Road to the sanitary sewer and watermain system. Per Resolution R2023-001, Pfeiffer Properties LLP requests to have the sewer and water lateral connection charges specially assessed against the Property. Pfeiffer Properties LLP has signed and submitted a waiver of special assessment appeal rights as required per the resolution. | | |
| | | | | | | | Budget Impact:
The sanitary sewer fund would initially finance the Property's lateral connection charges for sanitary sewer in the amount of $39,214.45 and will be reimbursed over a ten-year period with an interest of 4.5% per year and the first installments shall be payable with taxes paid in 2024.
Shakopee Public Utilities Commission (SPUC) will reimburse the City the full amount of the watermain improvements completed with the Maras Street, 13th Avenue, and Hansen Avenue Utility Extension Project. At the time of adoption of this Special Assessment, the City will reimburse SPUC $98,828.66 for the full amount of the assessed watermain costs on the Property. The City will then be reimbursed for the lateral connection charge for water over a ten-year period with an interest of 4.5% per year and the first installments shall be payable with taxes paid in 2024. | | |
|