HomeMy WebLinkAbout2018-130 (assessing transportation adequacy fees for Nottingham Village) RESOLUTION 2018-130
CITY OF STILLWATER
WASHINGTON COUNTY,MINNESOTA
A RESOLUTION ADOPTING TRANSPORTATION ADEQUACY
ASSESSMENT FOR NOTTINGHAM VILLAGE
WHEREAS,pursuant to Development Agreement Resolution No. 2018-123 for
the final plat and development known as Nottingham Village,as approved by the City
Council on the 5th day of June, 2018, the Council has considered a request of the
Developer for assessment against the lots in the Nottingham Village 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$34,702.29, or a total of$2,313.49 for each of the 15 lots; and
WHEREAS,the proposed subdivision of the property is not yet effective, since
PID numbers for the lots within the Nottingham Village 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$34,702.29 is hereby adopted as an assessment and that it be
payable in three annual installments of$11,567.43,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. 1903020240002.
3. That upon filing of the plat of Nottingham Village 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$2,313.49 for each of the 15 lots,in
three annual installments of$771.16 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.
Lots 8-10 (Lot 7 is exempt), in three annual installments of$1,120.30 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
— teas •
Ted Kozlowski, yor
A[TEST:
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Diane F. Ward, City Clerk