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1d-3. Pioneer Pass 2nd Addition Assessment Reapportionment0 CITY OF Staff proposes to reapportion the $926,587.06 in assessments to the 53 lots within the Natural Resources MEMORANDUM � CHANHASSEN Fax: 952.227.1110 TO: Paul Oehme, Public Works Director /City Engineer 7700 Market Boulevard /y PO Box 147 Chanhassen, MN 55317 FROM: Alyson Fauske, Assistant City Engineer d Fax: 952.227.1310 DATE: March 12, 2012 Administration The letter of credit for Pioneer Pass 2nd shall include $926,587.06 for the Phone: 952.227.1100 SUBJECT: Pioneer Pass 2 Addition Assessment Reapportionment Fax: 952.227.1110 Project No. 11 -08 Building Inspections Phone: 952.227.1180 Fax: 952.227.1190 Engineering Phone: 952.227.1160 Fax: 952.227.1170 Finance Phone: 952.227.1140 Fax: 952.227.1110 Park & Recreation Phone: 952.227.1120 Fax: 952.227.1110 Recreation Center 2310 Coulter Boulevard Phone: 952.227.1400 Fax: 952.227.1404 PROPOSED MOTION "The City Council adopts the attached resolution approving the assessment reapportionment for Pioneer Pass 2nd Addition. City Council approval requires a simple majority vote of the City Council present." On September 13, 2010, the City Council approved the reapportionment of three assessments on the parent parcel of the Pioneer Pass development. The deferred assessments (with interest calculated to March 12, 2012) applicable to this phase are summarized as follows: 1. 2005 MUSA Area Expansion: $185,974.48 2. Bluff Creek Boulevard Improvements: $624,065.46 3. Highways 101 and 212 /Lyman Blvd improvements: $116,547.12 Planning & Staff proposes to reapportion the $926,587.06 in assessments to the 53 lots within the Natural Resources Pioneer Pass 2nd final plat as follows: Phone: 952.227.1130 Fax: 952.227.1110 $926,587.06 - 53 units = $17,482.78/unit Public Works 7901 Park Place These assessments are for 7 years at 6% interest. Interest accrued from the time of Phone: 952.227.1300 final plat approval to the time of recording the plat and assessment reapportionment Fax: 952.227.1310 resolution will be added to the per lot assessment. Senior Center The letter of credit for Pioneer Pass 2nd shall include $926,587.06 for the Phone: 952.227.1125 assessments within the plat. Fax: 952.227.1110 Web Site Attachment: Resolution www.ci.chanhassen.mn.us g:\eng \projects \p - s \pioneer pass 2nd (fka peterson property) \03 - 12 - 2012 assessment reapportionment.doc Chanhassen is a Community for Life - Providing for Today and Planning for Tomorrow CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: March 12, 2012 RESOLUTION NO: 2012- MOTION BY: SECONDED BY: RESOLUTION APPROVING ASSESSMENT REAPPORTIONMENT FOR PIONEER PASS 2 ND ADDITION PROJECT NO. 11-08 WHEREAS, the City Council is recommended to adopt a resolution reapportioning the assessments for Pioneer Pass 2 °a Addition per the attached memo dated March 12, 2012. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Chanhassen that the resolution adopting the reapportioning of assessments for Pioneer Pass 2" Addition per the memo attached hereto and made a part hereof, be approved. Passed and adopted by the Chanhassen City Council this 12 day of March, 2012. ATTEST: Todd Gerhardt, City Manager Thomas A. Furlong, Mayor YES NO ABSENT