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3.4. SR 12-14-1998Howard R, Green Company CONSULTING ENGINEERS December 9, 1998 File: 803350J-0564 t~N~ULT]NG ENGINF~ Formerly MSA Consulting Engineers Honorable Mayor and City Council City of Elk River 13065 Orono Parkway P,O. Box 490 Elk River, MN 55330-0490 RE: 1998 BITUMINOUS OVERLAY/ASSESSMENT ADJUSTMENT Dear Council Members: Within the last couple of weeks, Mr. Eldon Beard stopped by City Hall to pay his assessment for the 1998 bituminous overlay.. Mr.. Beard. was surprised te find out that he had three separate parcels included in the assessment. Each parcel was assessed $i ,450.00. Mr. Beard indicated that he had no knowledge that he had been assessed for more than one parcel. Mr. Beard should have been sent individual schedules for each parcel. The staff speculates that they may have looked quite similar to each other, with the exception of the parcel ID number, and Mr. Beard may not have paid any attention to them. in reviewing these three parcels they are contiguous, and in fact, two of them were included in the original assessment, and the third parcel was added with the supplemental assessment for the Camp Cozy area. The three parcels are shown on the attached map. If Mr. Beard had been in attendance at the assessment headng and questioned three assessments, he would have been given the standard answer that if he combined .ali three parcels into one parcel number for tax purposes, he would have his assessment reduced to one unit. The idea being that if he ever wants to subdivide the parcels in the future, he would need to come before the City Council. The City Council then has the discretion to require payment of additional asses,.~nents as a condition of subdividing the property. Therefore, City staff would recommend reducing the Beard assessments from three to one, which has already been paid, conditioned upon Mr. Beard combining all three parcels into one parcel ID number for tax purposes. Mr. Beard has indicated to City staff that he has this combination of parcels in process with the County, and will provide paperwork to the City once it is complete. If you have any questions regarding this information, please call. Sincerely, Howard R. Green Company - T~P.E. TJM:pd O:\PROJ\803350J\350-0716.dec 1326 Energy Park Drive · St. Paul, MN 55108 · 612/644-4389 fax 612/644-9446 toll free 888/368-4389 7~-1~0-~320 7~,-477-0120 .329.16' 3 7~,-477-0130 I~TAT~ IK4.41' 75-47'7-D14~ 1~.a2' 13~.87' 150.00' 7S- 477-~1.~. l~q-I~' 182.12' 75-1~5 1aT. aT k 182.~' 100.o~' j · 'RBURNE COUNTY SURVEYORS OFFICE S,L'IERBtlRNI~ COUNTY ADUINISTRATION BUILDING 327 XIN0 AV[NUE, BOX jl320 ELK R1V[R, MINNESOTA 55330 PHONE ! (612) 241-2860 GRAP~C SC,LU~ ASSESSMENT SCHEDULE Constant Principal Payment Method Project: 1998 BITUMINOUS OVERLAY Project No 803350j Parcel: 75-130-3300 Lot: Block: Addition: Owner: Eldon and Florence Beard Interest Start Date: DECEMBER 1, 1998 Repayment Period (Ye 5 Interest Rate: 6.50% Assessment Quantity. Unit Measure Unit Price $1,450.00 BITUMINOUS OVERLA 1 PER UNIT Amount $1,45O.OO YEAR ANNUAL PAYMENT PRINCIPAL PAYMEN INTEREST PAYMENT RINCIPAL REMAINING 1998 $0.00 $0.00 $0.00 $1,450.00 1999 $392.25 $290.00 $102.25 $1,160.00 2000 $365.40 $290.00 $75.40 $870.00 2001 $346.55 $290.00 $56.55 $580.00 2002 $327.70 $290.00 $37.70 $290.00 2003 $308.85 $290.00 $18.85 $0.00 $1,740.75 TOTAL OF ANNUAL PAYMENTS 803350as.supp 21 Project: Project No: Parcel: Owner: ASSESSMENT SCHEDULE Constant Principal Payment Method 1998 BITUMINOUS OVERLAY 803350J(0564) 75-460-0010 Eldon and Florence Beard Interest Start Date: Repayment Period: Interest Rate: 1-Dec-98 5 yrs 6.50% Assessments: Bituminous Overlay Quantity 1 Block: Additi°n:"~'~l ¢~ Unit Measure Unit Price Amount PER UNIT 1,450.00 $ 1,450.00 YEAR 1998 1999 2000 2001 2002 2003 ANNUAL PAYMENT $392.25 $365.40 $346.55 $327.70 $308.85 $1,740.75 PRINCIPAL PAYMENT $290.00 $29O.OO $29O.OO $29O.OO $290.00 Total of Annual Payments INTEREST PAYMENT $102.25 $75.4O $56.55 $37.7O $18.85 PRINCIPAL REMAINING $1,450.00 $1,160.00 $870.00 $580.00 $290.00 $0.00 o:\prog\803350J\803350as Page 100 6/10/98 Project: Project No: Parcel: Owner: ASSESSMENT SCHEDULE Constant Principal Payment Method 1998 BITUMINOUS OVERLAY 803350J(0564) 75-460-0030 EIdon and Florence Beard Interest Start Date: Repayment Period: Interest Rate: 1-Dec-98 5 yrs 6.50% Assessments: Bituminous Overlay Quantity 1 Lot: 3 Block: Unit Measure Unit Price Amount PER UNIT 1,450.00 $ 1,450.00 YEAR 1998 1999 2000 2001 2002 2003 ANNUAL PAYMENT $392.25 $365.4O $346.55 $327.70 $308.85 $1,740.75 PRINCIPAL PAYMENT $290.00 $29O.OO $290.00 $29O.OO $290.00 Total of Annual Payments INTEREST PAYMENT $102.25 $75.40 $56.55 $37.70 $18.85 PRINCIPAL REMAINING $1,45O.00 $1,160.00 $870.00 $580.00 $290.00 $0.00 ( 51qt o:\prog\803350J\803350as Page 101 6/10/98