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1g SWMetroDelinquentTax SettlemCITYOF CHANHASSEN 77001,,larket Boulevard PO Box 147 Ci!~nhasser' MN 55317 Administration Pk, c'~e: 9522271100 F~x 9522271110 Building Inspeclions Pr'urge 952227 1180 Fax 952 227 1190 Phone: 952227 1160 Fax: 9522271170 Ph( r c: 952 2271140 Fax 952 227 1110 Park & Recreation Pi;onr,: 9522271120 Fax 952 227 !110 R(}crea: )r Center 2310 Coulter Boulevard Phone 952227 1,100 Fax 952 2271404 Planning & Natural Resources tax 952 227 1110 Public Works 1591 Park R,.xad Pho~, 952 227 !300 Fax 9{)2 227 1310 Senior Center F~x 952 2271110 Web Site MEMORANDUM TO: FROM: DATE: Mayor City Council Bruce M. DeJong, Finance Directo April 21, 2004 SUBJECT: SouthWest Metro Transit Delinquent Property Tax Settlement The City of Chanhassen levied a property tax for transit from 1997 through 2001. This tax was removed when the legislature made the Metropolitan Council responsible for funding transit in the region. Some delinquent taxes for transit are still outstanding. SouthWest Metro Transit has proposed that we settle those taxes on a discounted basis. This means that we will pay the Commission 92% of the taxes outstanding at this point and when the taxes are collected, we will retain 100% of the proceeds. The City of Chaska has already accepted this offer on their delinquent balance. Eden Prairie has a higher delinquent balance and chosen not to participate at this time. As of year end 2003 our outstanding balance is $718.47. This translates into a payment of $660.99 to SouthWest Metro for 92% of the balance. When these delinquent taxes are collected, we will retain the full amount of $718.47 along with any additional interest that will be charged on the balance. Recommendation Staff recommends that we accept the 92% discount offer from Southwest Metro and pay them a discounted balance of $660.99 in full settlement of this outstanding delinquent balance. This requires a simple majority vote of those City Council members present at the meeting. Attachment: Carver County Transit Opt-Out Report The City of Chanhassen · ~, growing cornr;lunit? with clear! iakes quality :~chuuis~o~r' ' ,