Loading...
6.7. SR 10-08-2012 Elk REQUEST FOR ACTION River TO ITEM NUMBER Mayor and City Council 6.7 AGENDA SECTION MEETING DATE PREPARED BY Work Session October 8, 2012 Justin Femrite,P.E., City Engineer ITEM DESCRIPTION REVIEWED By Assessment Manual/Policy/Funding Options Tim Simon, Finance Director REVIEWED BY Cal Portner, City Administrator ACTION REQUESTED Discuss the city assessment procedures and provide policy direction on street project funding and associated updates to the Assessment Manual. BACKGROUND/DISCUSSION At the July 9, 2012, City Council work session, staff gave an overview of our pavement management program. The overview explained the program methodology, highlighted existing pavement conditions, and discussed the trending of city street maintenance over the next 40 years. Councilmember Westgaard posed a question regarding our current practice for funding the pavement management program with private property assessments or whether an alternative funding source should be considered. Staff will address the advantages and disadvantages of special assessments verses other funding sources of the pavement management program. If the Council concludes that special assessments are the preferred funding option,we will review some policy questions that should be considered in the update to the assessment manual. Staff has already begun work to update the assessment manual. Pavement Management Program Funding Our existing pavements are in relatively good condition with a high average pavement rating. The large growth experienced over the last 20 years has brought with it many more miles of streets. This has resulted in a larger system to maintain and budget for improvements. Maintenance and improvements include sealcoats, overlays, reclamations, and full reconstructions. At the July work session,the Council was informed that in order to maintain the current average pavement condition of our street system, additional funding is required to support the larger projects. Following are two options to consider for future projects. Option#1. In order to meet the increased funding needs for larger projects,the levels at which the projects are assessed to adjacent properties could be increased. Elk River has historically funded street improvement projects through a combination of assessments, state aid funding, and bond sales. Up to now,this funding approach has satisfactorily met the system's needs. If this option is continued, the private property assessments and bonding amounts need to be increased to carry out the plan. The attached spreadsheet shows the projections for the Street Improvement Reserve Fund if assessments are continued at the same rates. P a w I R E a 9 Y NA UR Option#2. As discussed briefly at the July meeting, street improvements could be funded through a general tax levy or,with legislative changes, a city-wide street utility fee approach. Current state legislation does not allow for charging of a street utility fee. There have been attempts to have this included in state statutes as an option for cities, but so far it has fallen short of being passed into law. Funding through a general tax levy or street utility fee would continue to use state aid funding on projects as available, but would eliminate the need to levy special assessments on property owners when improvements are made adjacent to their property. Property owners would pay for street improvements through the existing property tax system. Some communities,including St. Louis Park,Minnetonka, and Ramsey,who have struggled to prove the benefit of special assessments,have transitioned to or have been considering alternative means of financing their pavement management plans. There are positives and negatives to a tax levy-based approach just the same as with the assessment approach. Below are staffs opinions of positives and negatives of each option: Private Property Assessment Option Pros 1) Property owner can see where their money goes 2) Continues past practice in Elk River, making it fair for all 3) Accepted process used by many cities Cons 1) Property owners don't like large assessments for a city street 2) Potential challenges regarding the benefit of improvement 3) Can only collect what is determined to be the benefit 4) Costly to develop and administer assessment process 5) Project approvals are subject to emotional public hearings 6) Residents often challenge or delay projects based on financial impacts to them 7) Residents feel the street network is community good,not personal good Tax Levy Based Option Pros 1) Projects are proposed,approved,and proceed based on approved,non-biased Pavement Management Plan 2) Lower administration costs of projects 3) Stable revenue stream 4) Can be readily adjusted to meet funding needs 5) Residents have favorable response to street projects 6) Smaller monthly or yearly fees instead of large lump sum or financing 7) Collects money from all users of the system 8) No need to prove benefit to property owner 9) Funds are directly used for corresponding service Cons 1) Change in policy doesn't benefit previous assessments 2) Larger tax levy paw IaEa 0 NAT- URA If the Council would like to look closer at Option 2, staff should be directed to bring back specific information and model policies for the consideration of the Council in the coming months. This large of shift in policy direction would come back to the Council for discussion ahead of a public hearing process which will take several months. Assessment Manual Policy Updates The existing Assessment Manual was last updated in 1989. There have been some modifications to the policies since the 1989 update that need to be worked into the formal manual. Staff is proposing a full update to the manual. Staff has identified a list of policy questions to be considered as follows: 1) Past practice has been to assess properties on a per unit basis as the primary method for calculating assessments. Does the Council want to continue this practice? 2) There is some ambiguity in the current manual about how assessments are calculated for corner residential lots. How should residential corner lots be treated? 3) Current practice has been to charge residential properties a flat fee for overlays. Most recently, for the 2008 project,this fee was $1,963 per unit. This assessment is intended to cover 100% of the costs of mill and overlay projects per current practices. Should mill and overlay improvements continue to be assessed at 100% of the project costs? 4) Current practice has been to assess street reconstruction projects a flat fee for the reconstruction of a residential street. The summation of all the assessment charges has been near 1/3 of the total project costs. The remaining 2/3 has been funded through bonding, state aid funds and the Street Improvement Reserve Fund. Should reconstruction projects continue to be assessed at 33% of the project costs, or should it be increased to sustain the Street Improvement Reserve Fund? 5) Currently there is no policy in place for full depth reclamation type projects. These projects are more costly than a mill and overlay but do not go as far as a full reconstruction. What percentage should full depth reclamation projects be assessed? 6) Assessment terms have varied significantly from project to project in the past. Staff is seeking guidance on specific terms for different assessments. In general,past reconstruction projects have been payable for up to 10 years and overlay projects have been payable for up to five years. 7) The current Assessment Manual does not provide guidance on what properties are exempt from assessments. The revised draft Assessment Manual has been prepared to clearly state that cemeteries are exempt from assessments according to state law. Staff is looking for direction on other properties the Council feels should be exempt including, city facilities, city parks, state, county, school, and church properties. FINANCIAL IMPACT There is no financial impact associated with the discussion of this item. ATTACHMENTS ■ Street/Capital Improvement Budget Action Motion by Second by Vote Follow Up paw IaIa 0 NAT- URA N C) M OOD 'd' OO W n 0 0 O ' O ' ' ' ' O O C>0 � to N O C:) OD 08 NN 000 O O O N 00 CO to N O O O h O v v O O O O O O O O n N N M M N N(N 00 000 000 O O O m MM Ln Lo (d n r ti N LO (O (O r M W V' Cl) LO M O CD E ® In r d' N Ln Lq M N n M `-' •Ln N r r r M W N ' (O 'd' O O O O ' ' ' O ' O P7 iSy t LO M (D Or r M CD C) O O 'O 00 (OO N rn OI q O C (D N.q MM LO d' N O N 0 0 N N Ln M M LO LO E w Nr r � d' N O co r r et l• 'd' d' (n W co O co r O O O LO 0 0 0 I O ' ' ' ' ' O N O r O rh LO 00 C)0 0 O O LD M O V' cc OO OO 000 O O N ro N O 00 r;Cl) o ci Li 1* 0 0 0 0 0 LO � L nn rl MO d' O r r �n r r N N N - W LO LO t- O r M O O . . . ' ' ' O O O w O N N N o r T 0 0 O O O r N V' OO Lnn 00 OO O (6 eLO rM0 O 't 0 O0 O O E ® Cl) nD .- M VO' (D W)(n N N ntl W 00 O 'T ' . ' . co n ' OOO ' OO 1 ' 1 O 1 O LO O ' -t 00 r n 000 OO O O SIfVY cum or Nrn o00 0o r .- E •° m Mr Lri 000 00 <r" L •N N ® d' N O U) M 00 <I' LO M r O d' W LO N M N LO W 1 O 0 0M O 1 ' ' O ' O ' OOOO co O N O O n O O O O LO O Ln le N O O O (V M O O O O n 0 n O N LO M(h Cl) O LO O M(V 0 0 M O co n N CO O M O 0 O N w N r M n r r M (D O (D O cr O c0 It N O ' ' ' . N N n ' ' O LO (D -LO O W IT (O co (O N M r It LO Cl) LO r 0 CAL n M W Lr O O I M W W Ln V O N C tom.. co d' N Lo 0)'nO N .-(OM ONN r N r r (M dN' N n W t-- N N N E ' H 0 c p 0 a) 0 p ' O U O C U N C L6 � m .Q N d _ D m CD o N Q N v C W' a c -o `m >_ w ° N : � ro > m o i °� N � o 4e r m@ c : �(L rnm ai o ov m e a ) } a 'n o +, v E U M w c w a) n c rn aa) aa) v LO � c c c c > 0 w a) a as c c c S y d r 9 a> a� m v (o o > M o is � W c C N it LLI ® u`niu`niu`ni � � a wEao� � •rna) m -00 � � aL L �' _ _ E v) c m o m 0 a) E + J to N U a) a) O O N r C M O U Lp 'O U £ yr tl) ++ Q Q Q a>i a c`u aEi _°-� > °7 0 (YU o is io v c c a a o s o y c c o o m m .� ro 3 ro ro m a�i V m m p o N o U U) (n c ` L - - mr2a - (nr (gI- F- NZ (n (1) d yzNl - s h F3 N J aci 5 a) = C O C. O `O A C) U) m in �' w �" iw o