HomeMy WebLinkAbout03-028 - ADMIN Resolution - City Council - 2003/03/030
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RESOLUTION NO. 03-028
RESOLUTION APPROVING REDUCTION
IN SPECIAL ASSESSMENTS FOR
SPECIAL SERVICE DISTRICT No. 1
WHEREAS, pursuant to Ordinance No 2067-96, the City Council created Special Service
District No 1 (the "District") The specific properties located within the District are identified on Exhibit
"A" attached hereto; and
WHEREAS, pursuant to Resolution No. 96-87, the City Council is authorized to impose service
charges within the District on a multi-year basis through and including the year 2006 for taxes payable in
said year; and
WHEREAS, pursuant to Section 2 04 of Resolution No 96-87, the maximum service charge to
be imposed in any year will be subject to adjustment calculations based on Consumer Price Index (CPI)
data for the Minneapolis/St Paul Metropolitan Area; and
WHEREAS, upon analysis of the fund balance reserves it has been determined the assessment
amount should be reduced from the amount certified to Hennepin County for the year 2003
WHEREAS, pursuant to Section 3 of Resolution No 96-87, the Service Charges shall be
payable and collected at the same time and in the same manner as provided for payment and collection of
ad valorem taxes, and
WHEREAS, the City is did to certify this assessment to the County by November 30, 2002 as
required by Statute
follows
NOW THEREFORE BE IT RESOLVED by the City Council of the City of St. Louis Park as
The authorized 2003 Service Charge for Special Service District No. 1 is to be reduced to
$50,500 in the amounts and against the properties specified on Exhibit "A" attached to this
Resolution
Rev w- . for Administration
City Manager
Attest
Adopted by the City Council March 3, 2003
/ Mayor
EXHIBIT A
Authorized 2003 Service Charge
PAR.
NO. ADDRESS
1 3601
2 3601
3 3777
4 5400
5 3900
6 5500
7 5200
8 5100
9 3800
10 3800
11 5050
12 5000
13 4950
14 4920
15 4916
16 4951
17 4961
18 4995
19 5001
20 5201
21 3700
TOTAL
Note:
(1) The proposed 2003 service charge calculations are based upon the same methodology / formulas
used for the Initial service charge collection.
(2) The revised 2003 service charge was $101,000 with 50% ($50,500) being paid from the reserves
to lower the fund balance.
Park Center Boulevard
Sth 100 South
Park Center Boulevard
39th Street West
Park Nicollet Boulevard
Excelsior Boulevard
Excelsior Boulevard
Excelsior Boulevard
Park Nicollet Boulevard
Park Nicollet Boulevard
Excelsior Boulevard
Excelsior Boulevard
Excelsior Boulevard
Excelsior Boulevard
Excelsior Boulevard
Excelsior Boulevard
Excelsior Boulevard
Excelsior Boulevard
Excelsior Boulevard
Excelsior Boulevard
Monterey Drive
CITY OF ST. LOUIS PARK
Special Service District #1
Estimated Annual Cost Per Parcel
OWNER
PCOB Properties LLC
Dayton Hudson Corp
Park Center Ltd
AAA Minneapolis
Park Nicollet Health Services
Tower Place LLC
Tower Place LLC
Park Nicollet Health Services
Park Nicollet Health Services
Park NicoIlet Health Services
Park Nicollet Health Services
Park Nicollet Health Services
Koblas
Park Nicollet Health Services
Park Nicollet Health Services
Park Nicollet Health Services
Intercity Investment Prop
Intercity Investment Prop.
Intercity Investment Prop
Intercity Investment Prop
City of St Louis Park
PID
NO.
06-028-24-33-0004
06-028-24-33-0015
06-028-24-33-0014
07-028-24-22-0004
07-028-24-22-0035
07-028-24-22-0036
07-028-24-22-0037
07-028-24-22-0034
07-028-24-22-0031
07-028-24-22-0031
07-028-24-22-0033
07-028-24-22-0032
07-028-24-21-0006
07-028-24-21-0005
07-028-24-21-0004
07-028-24-21-0253
07-028-24-22-0023
07-028-24-22-0024
07-028-24-22-0025
07-028-24-22-0026
06-028-24-34-0017
REVISED
2003
SERVICE
CHARGE
2,728
5,755
5,874
2,962
2,408
2,861
804
948
2,431
540
1,774
412
320
248
368
2,563
333
430
310
4,027
12,404
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ADOPTED
2003
SERVICE
CHARGE
5,456
11,510
11,749
5,925
4,816
5,721
1,609
1,896
4,861
1,079
3,548
823 •
639
496
736
5,126
666
861
620
8,054
24,808
$50,500 $101,000