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Home My WebLink About2018-131 (assessing transportation adequacy fees for Westridge) RESOLUTION 2018-131 CITY OF STILLWATER WASHINGTON COUNTY,MINNESOTA A RESOLUTION ADOPTING TRANSPORTATION ADEQUACY ASSESSMENT FOR WESTRIDGE WHEREAS, pursuant to Development Agreement Resolution No. 2018-070 for the final plat and development known as Westridge, as approved by the City Council on the 3rd day of April, 2018, the Council has considered a request of the Developer for assessment against the lots in the Westridge Development of the transportation adequacy charges as required to be paid by the Developer; and WHEREAS, the City Engineer has computed the transportation adequacy charges at a total of$35,695.52,or a total of$2,549.68 for each of the 14 lots; and WHEREAS, the proposed subdivision of the property is not yet effective, since PID numbers for the lots within the Westridge Development have not been assigned by Washington County. NOW, THEREFORE, BE IT RESOLVED,by the City Council of the City of Stillwater as follows: 1. That the amount of$35,695.52 is hereby adopted as an assessment and that it be payable in three annual installments of$11,898.51,with interest on the unpaid balance at the rate of 4.5% per annum. 2. That at the present time the assessment be spread against the property with Washington County PID No. 3003020110014. 3. That upon filing of the plat of Westridge and the assignment of PID numbers by Washington County for the individual lots, a reallocation of the assessment is hereby authorized at the rate of$2,549.68 for each of the 14 lots,in three annual installments of$849.89 together with interest on the unpaid balance at the rate 4.5% per annum. 4. In all instances, the assessment is hereby certified to the County Auditor for collection with the real estate taxes. 5. The assessments upon each subject lot are also due upon the sale of each lot. Enacted by the City Council of the City of Stillwater, Minnesota this 19th day of June, 2018. CITY OF STILLWATER Ted aiRzlowski, or ATTEST: /12e4.2e Ithc, Diane F. Ward, City Clerk