HomeMy WebLinkAbout20091207 - VI-21
MEMO
To:
Honorable Mayor and City Council
From:
Nick Egger – City Engineer
Date:
December 3, 2009
Re:
2008 Improvement Program Assessment Abatement
Fifteen (15) applications for assessment abatement were filed with the Dakota County
Community Development Agency (CDA) for assessment abatement on the 2008
Improvement Program projects. The CDA determined that a total of twelve (12)
properties qualified for abatement, with six properties qualifying as low income
households, and six properties qualifying as moderate income households. The low
income households were assessed a total of $29,940.00, and the moderate income
households assessed a total of $20,580.00.
The combined total of assessments against qualifying low and moderate income
households is $50,520.00, and the total Community Development Block Grant (CDBG)
budget set aside for assessment abatement for the 2008 projects is $56,000.00. Federal
requirements call for 100% abatement of low income households. The City can fund
anywhere from 0% to 100% abatement for the qualifying moderate income households.
With available funding in excess of the combined total of assessments to qualifying low
and moderate income households, the City does have the capacity to provide 100%
abatement to both groups. Therefore, it is staff’s recommendation that the Council also
approve full abatement to qualifying moderate income households for the 2008 projects.
2008 Improvement Program Assessment Abatement
Qualifying Households
Low Income Households
Abatement
Assessment
Project PIDAmount
Amount
2008-1 North
193215003051$5,940.00 $5,940.00
Vermillion Area
193215008067$10,020.00 $10,020.00
193215005048$3,960.00 $3,960.00
191320001105$4,080.00 $4,080.00
193215006043$3,960.00 $3,960.00
193215004050$1,980.00 $1,980.00
Total Qualifying Low Income Abatement $29,940.00
Moderate Income Households
Assessment Abatement
Project PID Amount Amount
2008-1 North
193215005351$1,680.00 $1,680.00
Vermillion Area
193215006051$2,760.00 $2,760.00
193215001051$3,600.00 $3,600.00
193215005067$6,060.00 $6,060.00
193215003053$4,500.00 $4,500.00
193215008050$1,980.00 $1,980.00
Total Qualifying Moderate Income
Abatement $20,580.00
TOTAL ABATEMENT $50,520.00