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5.3. SR 12-20-1993 rei ---'\) ( ){ rl~ ITEM 5.3. TO: FROM: MAYOR & CITY COUNCIL LORI JOHNSON, FINANCE DIRECTORl'f~ DATE: DECEMBER 16, 1993 SUBJECT: SPECIAL ASSESSMENT REAPPORTIONMENT The Mississippi Oaks plat was recently recorded; therefore, the City Council must reapportion the assessments on these parcels pursuant to Minnesota Statutes 429.081. There are two parcels which were included in the Mississippi Oaks plat. Each of the parcels had two assessments; one for 1981 sanitary sewer interceptor project, and the other for the 1992 western area improvement project. All four of the assessments were deferred. The 1992 western area improvement assessments were deferred without interest. Parcel numbers and assessments are as follows: Parcel :# 1981 Project 1992 Project ------------------------------------------------------ ------------------------------------------------------ 75-005-1200 75-132-4110 $1,751. 03 $ 812.95 $170,999.81 $ 67,326.86 e All of the assessments on parcel 75-005-1200 have been reapportioned to the 37 lots in Mississippi Oaks. Only five acres of parcel 75-132-4110 are included in the Mississippi Oaks plat. The assessments on this parcel have been pro-rated and the portion applicable to Mississippi Oaks has been reapportioned to the 37 lots in the plat. The City Council is asked to approve the special assessment reapportionment to Mississippi Oaks. e P.O. Box 490 · 13065 Orono Parkway · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425