Loading...
HomeMy WebLinkAboutVI-05 - Assessment Abatement for 2018 Neighborhood Infrastruture Improvements Project City Council Memorandum To: Mayor Hicks & City Council Members From: Nick Egger – Public Works Director Date: November 6, 2018 Item: Approve Assessment Abatement for 2018 Neighborhood Infrastructure Improvements Council Action Requested: Council is requested to approve abatement of assessments to properties within the 2018 Neighborhood Infrastructure Improvements project area. Background Information: The assessment abatement program provides federal funding through the Dakota County Community Development Agency to the City for assistance with financing assessments to owner-occupied low and moderate income households. This year’s reconstruction program in part of the neighborhood north of Highway 55 and just a few blocks west of Vermillion Street impacted 108 total properties, 85 of which are owner-occupied residential dwellings. During this year’s process, fourteen (14) applications for assessment abatement were filed with the Dakota County Community Development Agency (CDA). This represents about 16.5% of owner-occupied households. The agency has completed review, and determined that nine (9) properties qualified for assistance. The typical application rate falls between 10-15% of all owner-occupied residential properties impacted. The CDA determined that six (6) households that qualified were low income households, and three (3) households that qualified were moderate income households. These properties were assessed a total of $44,697.65 Financial Impact: The combined total of assessments against qualifying households is $44,697.65, and the total Community Development Block Grant (CDBG) budget set aside for assessment abatement for this project was $107,644.47. Federal requirements call for 100% abatement of low income households, and the City can choose to fund anywhere from 0% to 100% abatement for the qualifying moderate income households. Staff Recommendation: This year, funding is available to provide full abatement for all qualifying households, while still leaving a balance of about $63,000 that the City will be able to apply towards future assessment abatement or other CDBG qualifying needs. It is staff’s recommendation to fund 100% abatement to all qualifying property owners. Attachments: A listing of the properties eligible for assessment abatement and the amounts recommended to be abated is attached for City Council approval. VI-05 2018 Improvement Program Assessment Abatement Qualifying Households Low Income Households (100% Abatement) Project PID Assessment Amount Abatement Amount 2018-1 – 2018 Neighborhood Infrastructure Improvements 191050043060 $5,854.65 $5,854.65 193215071020 $5,515.25 $5,515.25 191050043080 $5,600.10 $5,600.10 191050030140 $5,600.10 $5,600.10 193215042070 $6,109.20 $6,109.20 193215071030 $3,818.25 $3,818.25 Total Qualifying Low Income Abatement $32,497.55 Moderate Income Households (100% Abatement) Project PID Assessment Amount Abatement Amount 2018-1 – 2018 Neighborhood Infrastructure Improvements 191050043091 $5,600.10 $5,600.10 193215067050 $999.90 $999.90 191050043030 $5,600.10 $5,600.10 Total Qualifying Moderate Income Abatement $12,200.10 GRAND TOTAL ABATEMENT $44,697.65 VI-05