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HomeMy WebLinkAboutVIII-09 Approve Assessment Abatement for 2022 Neighborhood Infrastructure Improvement Project City Council Memorandum To: Mayor Fasbender & City Council Members From: Ryan Stempski – Public Works Director/City Engineer Date: November 7, 2022 Item: Approve Assessment Abatement for 2022 Neighborhood Infrastructure Improvements Council Action Requested: Council is requested to approve abatement of assessments to properties within the 2022 Neighborhood Infrastructure Improvements project areas. 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. The 2022 reconstruction program included 5th Street W, Ash Street, 13th Street W, Lilac Court, Hillside Street, Park Lane, Park Court, 11th Street E, and the Riverwood Neighborhood. The combined project areas impacted a total of 323 properties, the vast majority of which are single-family owner-occupied residential dwellings. During this year’s process, twenty-seven (27) applications for assessment abatement were filed with the Dakota County Community Development Agency (CDA). This represents about 8% of owner- occupied households, but there were 76 apartment/condominiums within the project area. The typical application rate falls between 10-15% of all owner-occupied residential properties impacted. The agency has completed review, and determined that twenty-two (22) properties qualified for assistance, with twelve (12) households qualifying as low-income households, and ten (10) as moderate-income households. These properties were assessed a total of $81,878.75. Financial Impact: The combined total of assessments against qualifying households is $81,878.75. The total Community Development Block Grant (CDBG) budget set aside for assessment abatement for the 2022 project was $121,520.79. 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: The budget for the 2022 program is enough to provide the required full abatement to qualifying low-income households, and full abatement for qualifying moderate-income households. It is staff’s recommendation to maximize available CDBG Assessment Abatement funds and provide abatement in full to both the low-income and moderate-income households. Attachments: A listing of the properties eligible for assessment abatement and the amounts recommended to be abated is attached for City Council approval. VIII-09 2022 Improvement Program Assessment Abatement Qualifying Households Low Income Households (100% Abatement Required) Project PID Assessment Amount Abatement Amount 2022 Neighborhood Infrastructure Improvements 196438601120 $1,800.00 $1,800.00 196437505233 $500.00 $500.00 196437601010 $7,406.25 $7,406.25 196438601110 $1,800.00 $1,800.00 196437505108 $500.00 $500.00 196437702103 $500.00 $500.00 191050020100 $2,801.25 $2,801.25 191950303010 $5,241.60 $5,241.60 196439002010 $4,350.00 $4,350.00 193210005220 $5,394.60 $5,394.60 191400001110 $3,240.00 $3,240.00 191050034030 $2,801.25 $2,801.25 Total Qualifying Low-Income Abatement $36,334.95 Moderate Income Households (100% Abatement Recommended) Project PID Assessment Amount Abatement Amount 2022 Neighborhood Infrastructure Improvements 191400001100 $3,240.00 $3,240.00 196437505202 $500.00 $500.00 196437606030 $4,425.00 $4,425.00 196437805060 $4,800.00 $4,800.00 196437603040 $4,650.00 $4,650.00 193210006010 $5,321.70 $5,321.70 193210005260 $5,394.60 $5,394.60 196437606010 $5,250.00 $5,250.00 196437603070 $7,612.50 $7,612.50 196437605020 $4,350.00 $4,350.00 Total Qualifying Moderate-Income Abatement $45,543.80 GRAND TOTAL ABATEMENT $81,878.75 VIII-09