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HomeMy WebLinkAbout16-069 Assessment Policy 4646 Dakota Street SE Prior Lake, MN 55372 RESOLUTION 16-069 A RESOLUTION AMENDING THE ASSESSMENT POLICY REGARDING STREET RECLAMATION AND STREET OVERLAY FUNDING Motion By: Morton Second By: Thompson WHEREAS, WHEREAS, WHEREAS, Assessments are used in part to finance public improvements in order that the city may fulfill its ongoing obligation to maintain public infrastructure; and, There is an inequity in the present policy in that the benefactors of street reclamation and street overlay policies do not pay any portion of the special benefit their properties receive by virtue of such public improvements; and, The city council seeks to bring greater equity to the special assessment policy; and, WHEREAS, The Assessment Policy provides guidance to City Staff, Assessment Review Committee, developers, and residents in applying assessments to properties benefitted by the improvements. NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows: 1. The recitals set forth above are incorporated herein. 2. The revised Assessment Policy which provides for assessment for street reclamation / rehabilitation and street overlay / resurfacing improvements dated May 23, 2016 is hereby adopted. PASSED AND ADOPTED THIS 23rd DAY OF MAY 2016. VOTE Hedberg Keeney McGuire Morton Thompson Aye ☒ ☒ ☒ ☒ ☐ Nay ☐ ☐ ☐ ☐ ☒ Abstain ☐ ☐ ☐ ☐ ☐ Absent ☐ ☐ ☐ ☐ ☐ ______________________________ Frank Boyles, City Manager