HomeMy WebLinkAbout09-129 - ADMIN Resolution - City Council - 2009/10/19RESOLUTION NO. 09-129
RESOLUTION APPROVING A HOUSING IMPROVEMENT FEE
FOR THE SUNSET RIDGE CONDOMINIUM ASSOCIATION HOUSING
IMPROVEMENT AREA PURSUANT TO MINNESOTA STATUTES,
SECTIONS 428A.11 to 428A.21.
BE IT RESOLVED by the City Council of the City of St. Louis Park as follows:
Section 1. Recitals
1.01. The City of St. Louis Park ("City") is authorized under Minnesota Statutes, Sections
428A.11 to 428A.21 (the "Act") to establish by ordinance a housing improvement area within which
housing improvements are made or constructed and the costs of the improvements are paid in whole or
in part from fees imposed within the area.
1.02. The St. Louis Park City Council ("Council") adopted a Housing Improvement Area
policy on July 16, 2001.
1.03. By Ordinance No. 2377-09 adopted on the date hereof (the "Enabling Ordinance"),
the Council has established the Sunset Ridge Condominium Association Housing Improvement Area in
order to facilitate certain improvements to property known as the "Sunset Ridge Condominium
Association", all in accordance with the Housing Improvement Area policy.
1.04. In accordance with Section 428A.12 of the Act, owners of at least 25 percent of the
housing units within the Sunset Ridge Condominium Association Housing Improvement Area have
filed a petition with the City Clerk requesting a public hearing regarding imposition of a housing
improvement fee for the Sunset Ridge Condominium Association Housing Improvement Area
1.05. The Council has on October 5, 2009 conducted a public hearing, duly noticed in
accordance with Section 428A.13 of the Act, regarding adoption of this resolution at which all persons,
including owners of property within the Sunset Ridge Condominium Association Housing
Improvement Area, were given an opportunity to be heard.
1.06. The Council finds that the Sunset Ridge Condominium Association Housing
Improvement Area meets each of the approval criteria contained in the Housing Improvement Area
Policy (listed as 5.O1A- 5.O1M), including the criterion that a majority of the condominium association
owners support the project and the Housing Improvement Area financing.
1.07. Prior to the date hereof, Sunset Ridge Condominium Association (the "Condominium
Association") has submitted to the City a financial plan prepared by Reserve Advisors, Inc., an
independent third party, acceptable to the City and the Condominium Association, that provides for
the Condominium Association to finance maintenance and operation of the common elements in the
Sunset Ridge Condominium Association and a long-range plan to conduct and finance capital
improvements therein, all in accordance with Section 428A.14 of the Act.
Resolution No. 09-129 -2-
1.08. For the purposes of this Resolution, the terms "Sunset Ridge Condominium
Association Housing Improvement Area" and "Housing Improvements" have the meanings provided in
the Enabling Ordinance.
Section 2. Housing Improvement Fee Imposed.
2.01. The City hereby imposes a fee on each housing unit within the Sunset Ridge
Condominium Association Housing Improvement Area (the "Housing Improvement Fee"), as specified
in Exhibit A attached hereto, which Housing Improvement Fee is imposed for Common Elements
based on the square footage (percentage of undivided ownership) of each unit, and imposed for Limited
Common Elements based on the actual cost of windows and doors for each unit, all as prescribed in the
Declaration Establishing a Plan For Apartment Ownership Pursuant to the Minnesota Uniform
Condominium Act for Sunset Ridge Condominium.
2.02. The Council hereby finds that the Housing Improvement Fee for the Common
Elements is imposed on the basis of square footage of each unit, and that the basis for imposing the
Housing Improvement Fee for the Limited Common Elements is more fair and equitable than a fee
based on square footage or tax capacity. This finding is based on the reasoning set forth in the
Memorandum to the Council from City staff dated September 9, 2009 and on file with the City Clerk,
which Memorandum is incorporated herein by reference.
2.03. The owner of any housing unit in the Sunset Ridge Condominium Association
Housing Improvement Area may prepay the Housing Improvement Fee in total and without interest
thereon between the effective date of this resolution and March 31, 2010. The amount of the
prepayment is shown under the headings Total Prepayment Fee in Exhibit A. Partial prepayment of the
Housing Improvement Fee shall not be permitted. Prepayment must be made to the City Treasurer.
After expiration of the prepayment period on March 31, 2010, owners may not prepay any portion of
the Annual Fee.
2.04. If the Total Prepayment Fee is not paid between the effective date of this resolution and
March 31, 2010, the Housing Improvement Fee shall be imposed as an annual fee, in the amount
shown under the heading Annual Fee in Exhibit A. The Housing Improvement Fee shall be imposed in
equal installments, beginning in 2011, for a period no greater than 20 years after the first installment is
due and payable. The Annual Fee shall be deemed to include interest on the unpaid portion of the total
Housing Improvement Fee. Interest shall begin to accrue on January 1, 2011 at an annual interest rate
of 5.89 percent per annum. The Annual Fee shall be structured such that estimated collection of the
Annual Fee will produce at least five percent in excess of the amount needed to meet, when due, the
principal and interest payments on the Housing Improvement Fee.
2.04. Unless prepaid between the effective date of this resolution and March 31, 2010, the
Housing Improvement Fee shall be payable at the same time and in the same manner as provided for
payment and collection of ad valorem taxes, as provided in Minnesota Statutes, Sections 428A.15 and
428A.05. As set forth therein, the Housing Improvement Fee is not included in the calculation of levies
or limits on levies imposed under any law or charter.
•
Resolution No. 09-129 -3-
2.05 A de minimis fee may be imposed by Hennepin County for services in connection to
administration required in order for the fee to be made payable at the same time and in the same
manner as provided for payment and collection of ad valorem taxes.
Section 3. Notice of Right to File Objections.
3.01. Within five days after the adoption of this Resolution, the City Clerk is authorized and
directed to mail to the owner of each housing unit in the Sunset Ridge Condominium Association
Housing Improvement Area: a summary of this Resolution; notice that owners subject to the Housing
Improvement Fee have a right to veto this Resolution if owners of at least 35 percent of the housing
units within the Sunset Ridge Condominium Association Housing Improvement Area file a written
objection with the City Clerk before the effective date of this Resolution; and notice that a copy of this
Resolution is on file with the City Clerk for public inspection.
Section 4. Effective Date.
4.01. This Resolution shall be effective 45 days after adoption hereof.
Section 5. Filing of Housing Improvement Fee
5.01. The City Clerk shall file a certified copy of this resolution together with a final update of
Exhibit A hereto to the Hennepin County Director of Taxation to be recorded on the property tax lists
county for taxes payable in 2011 and thereafter.
pprov
Revi
by the City Council of the City of St. Louis Park this 19h day of October 2009.
r Administration:
City Ma •'-1!
Attest:
City Clerk
Adopted�y the City Council October 19, 2009
Mayor
P
2
P
9
8
9
w.
P'
4
2
P
P.
P
9
P
8
P
8
9
8
P
8
P
2
8
9
8
9
8
9
P
8
9
rn
8
8
8
8
P
8
P
8
P
2
8
P
8
8
P
8
P9
8
rn
8
9
8
8
8
9
P
PS
P
f.
2
8
9
8
8
9
8
9
LA
8
9
rn
8
8
8
8
8
P
8
P
2
8
P
8
8
9
8
P
8
8
9
N
8
9
8
9
N
8
9
s
P
2
8
P
8
8
9
P
P
8
9
8
9
P
2'
9
8
P
P
P
9
V'
S
8
8
8
8
8
S
2'
8
co
2'
g
ff
m
w
g
8
f8
8
E8
8
2'
2'
g
2'
2'
0
2'
2'
0
2'
2'
0
0
4.4
8
i8
2'
2'
2'
2'
2'
2'
8
2'
8
2'
8
2'
k
2'
2'
S
2'
2'
0
8
2'
2'
8
8
2'
0
2'
2'
0
2'
k
i8
4
2'
i'
t'
2'
2'
8
2'
2
k
8
2'
2'
2'
2'
C?
f3
i3
2'
2'
g
2'
2'
0
k
k
2'
2'
c
0
www
E
b OO
w
++
i.E
E
'a8r(ptennoc'wwwwrnuaa',w�wpw0wo
2 11
4§ O
N tole
O�Oi
oN
00
W O
O N
O U
toil ONO
O
$16595 '
611,980
911,980
wy�w
O N
N N
ONO
o m
00
O W
918 595
911 980
N N
wwwwwwwwwwwwwwwwwwwwwwwww
o N
o 0
0 0
N O
N N
o N
o 0
WW
0 0
Vor O
R
O No
0 0
0 0
913 520
$16 595
www
N N
n o
cc
N m J j
ON 0 1
44,4,-4,
$1 990
$1 890
-...,..",.i,.."-.."
W W
rp
W W-4-4mW-4-400
$1583
91 323
w w-
N
w
V
61 583
61,583
92193
8888-888
W W WNW
w,w
$1 583
92,193
82413.'888G888888
W
W W,
W W
-4W
W W
W W
$2,193
$1787
$2,193
-.wow
w
w
92 193
SI 583
w N w
N
w lOii�co
W
8
www
_
W Wtto
w
_
Wtoi,w
nnt
W,ot
ti
21
N �'
T
.5,'
vg
o
rrtiti
NO
O N
94 225
$4,000
64 225
94,875
53,325
OOS
N
93,825
62 900
rrrrcvWm4.wt
OOOON
NN
N N
$3500
$4,200
95,525
888828
0at71
53,925
S7 706
-rrirn
OO
NN
86,225
45 525
93,925
wrrrnn;T8,1
�
N No
OooN
01 ttDNi�tNi�[NiitNlrR
00555
COCCI
NNNN
m
$6,225
93,925
mIt
000
riwirt
ONNNN
Total Construction
Cost for Doors &
W m:lows
iS�SEF31sszS-sss►.
tt.
g V
Qt m++WtO
yBOq�gp
�qp
ri
Yq 88
O10tntl
�qp
21
p>�88
516,569
$21,046
L'.VJ'R�&E212
Op�� C0
p1 m
O
t+n
00
4141
��q oq
(JL>a
,.7t_
OV�� O
4WE
OAm
ll!
�qJ
WL
_V_gluals
JgO1
Lalnt
OtN�O�
WU
W.�L
qO�pO�O
Esaa
tN�00
ENEWAWL�
x:
�pO�
524,313
017,764
OO�q
517,764
517,064
ELME
O'�y`Oto
fY IJWWtis
o�0
_UR
2'
2'
alaa
1.1010
888
2'
t0
2'
`-.01
2'
t0
2'
O
O
03
8
0
2'
N
2'
N(T
N
8
2'
w -w
O
pw
L
2'
W
2'
N
2'
N
tD
2'
2'
pN
m
2'
N
2'
N
2'
pN
P
S
O
as
88
cr
EN
o
top
2'
2'
6,
2'
w -w
2'
8
N
8
'00
40-4,0
T.
2'
2'
o2'
N
^rw
2'
L0L0
wed stool 1S Ja
EXHIBIT A TO RESOLUTION NO. 09-129
6Z1-60 'oN ❑ouniosaJ
Resolution No. 09-129
•
05
o
N
N
A
M
b
CO
M
pm
O
A,
F.
3
3
S.
Q
m
33.
rWi
W
V
ro
3-
O
O
CO
O
O
O
40
9
40
CO
CO
CO
oa
A
O
O
W
S
M
139
Q
m
8
coL.;
x
m
8
W
w:p
•
W
8
8
0
8
L.°
m
C-4
W
8
8
O
8
m
m
ww
8
m
wip
8
0
8
8
m
w
8
8
0
m
w
W
3
w
0)
w
8
w
8
8
W
w
8
8
8
v4
8
n
8
0'
W
Z.;
0
0'
w
8
w
8
8
8
wap
d
8
0
711
F.4
a
s
a
waw
s
m
9
wtip
N
ww
9
O
8
s
8
8
s
W
P
8
w
s
w-44
asZ
w
8
N
w
0
8
w
2
w
8
w
w
wan
5
ER
az
8
83
8
8
-35698
t6E2.Q-6n�'--
7:,,..i.,
-,,,•`N•
016,669
021,971
6tV.�tVNnn
613,716
814,144
Mm«p
614,286
614286
m avannnnmYmmnn
014,617
016,217
YY
814,286
614,286
nnnYmmmm
813,100
813100
QYrin
NNmmQQnrinnmm
8uaS«3'
O NYI
Yf
-_ N^
as
�00
p�
aaa$$at"uaa
V Nry
ONO
�N
�no0ov..'nu,
mp �T.pO`+pV
galla$$
mN
pW
Yl
= �
az
^AELUU'oo^mm
� m
uzga`a
Y Y00
avciNNMaz4
V R
00000
MCFUEEEU
�V P
0000
a.c
NW622
Cr
oo
V Q
82 015
02130
.y0000
62228
�Q
03,430
02,015
52 015
O
UF
53 300
03,300
$oOOonnm
�
NMNMWNMMala2
00
_
o$roi
_
6„2„„,.„.„,,,,,,g2„,,,,,,,...„,„,,.,,,,,,..ttp
555.5..555-555---55'5.7;Z:55;5555-55555555
• W
epWVV
W IW`+
W
Nroto
AN
n2 W
Y Q
51 366
51,416
.„.........v...........—......
V awl
555555:55555A555555-5555555555
MM
Q V
MM.An.55OA
�
Mn
V T.m�lt
�s
I.
.p212,,A
MQ
Q A
ap
51,315
$1483
WWNNQY
V Q
MNNNWNNNt;5555555555NMN
.2.)NN
QQNmNN.7�YYY
NN2
mmm
��
NNM
N
VI.A
OmmN.00
��NwKw
015,056 I
515,056
$9 889
..
..
09 809
514 854
^'22...92..56...
...
615,056
09 809
NNNaMNMMUM
59,809
514 854
mm.m
pj000000
55..,
mN
000000
mm.hr)
.
I 510,026
510,026
MMMMtp....-
g2
oo
m m...
00000000
Q
NMN.
o.
1 I $10838
610,347
m
.
W.mb
MMM
OO
I $10 557
$10 557
, mN
pp�� WW
MN
rapcD
O C
WNHNNN...y.
SO.
NNry
oo
m maD
HrHWN
mNN
O
NM
m
O
O
a
'3$
O
a
O
O
O
0
.$
co
m
P.
0
2
O
O
S
8
8
8
tZ
O
A
8
83
O
2
8
a
2
S
a
A
p3
O
ffi
8
A
A
d
A
pF
O
O
[�1
§p
O
8
A
O
A
8
8
a
oc
8
8
d
8
8
a
8
u
8
2
d
a
d
e
e
2
A
8
d
8
8
x
8
8
8
2
A
8
8
d
n
a
R
d
ry
d
2
8
8
d
N
R
d
a
2
d
A
a
a
a
a
8
d
R
8
8
8
8
d
d
8
8
d
8
A
a
8
A
d
d
9
d
a
8
8
8
e
8
R
d
d
8
d
8
d
e
8
d
o.
d
co
2
d
A
d
8
d
8
A
d
a
a
a
R
d
x
d
8
d
d
d
A
8
a
d
8
A
8
d
A
d
a
A
d
c
a
1V/01 ONM15
8
1
8
S
8
A
1.3
2
8
s
•
•
8
P
k
8
P
8
8
P
8
P
8
P
8
P
a
8
9
w
8
9
8
9
8
P
k
8
P
8
8
P
8
9
8
9
8
8
P
8
c
8
8
9
8
A
2
P
2
2
2
u
0
9
9
8
2
P
9
9
9
9
c'a
2
2
P
P
2
8
P
8
8
P
P
8
P
rn
8
i�
P
8
9
8
P
9
P
2
8
9
8
8
u
8
9
P
8
8
P
P
P
8
P
2
P
P
9
P
P
23
P
P
9
8
0
8
8
2
8
2
2
g
2
8
8
8
8
8
2
2
2
2
2
8
8
8
8
2
x
2
8
g
8
8
8
8
2
2
2
2
8
k
g
2
k
8
cel
8
2
2
g
2
2
2
x
g
2
2
8
8
8
8
2
2
O
2
2
2
2
2
8
8
2
2
�000CO 0
$16 696
$11 980
$11,980
$13520
$16,696
$16696
$13,520
$16,696
88
086 L L$
096'LL$
$13,520
916 696
516,696
orn0000228,48203.808.888882
-,-.+01A0:01,01.0.-•-,-..-•0/,4100
ow
611 980
$16 595
'.o`O`Oe$00008o$$o
NN
88-8,8283,18,33883882
H2w
$1,787
$2207
$2,207
$2 207
$1 787
$2 207
$1 583
$1 583
$1,583
"rn�'
�.aw-1�wc+
m
orn
wNwNN�Nw.
5""~_q_
iii
�
Zin
w�www
61 787
92,193
$1,583
w N
w$
mmmmmwmwwwww.1.i.i..i.4wwww
w 6111
N 8
aN
Nw
m
2822
N p Wp
0 0
55 800
$3950
64,200
22222w7Sw
O
8
8 8 8
O
8 8
8 8
,2,222222222,2222�222w
�'i 8 8
O
8 8 8
8 8 8
8 t"" 88
8
8 8
0
8 8p
8 8
0 0
96,225
$6 225
$4,150
222r,2wm2m�2mffiw2222w22
0 N
O N O
O O
0 N-.
N
N N
N N
O --,0
N 0 0
O
O N
' m
O t8
N-.
8 O
.1 a
rtgar%
M��
i i yay
7
b.A m
P �i E!
w m u
n5.1.T.T.A
J
V V
J J
V V
N N J
A A m
nE12i.T..nr's
y+ N
W L u
_ 817,764
616,414
917,764
n N
8-42
N 2
P m
E N
.v-....-..-..,-..,-&-...---..
�
i6s'2'2'st'n.4uw.Pi'W
J t2
V.
1 1 N
E P N
m a
m
j N
817,764
817,514
817,764
w g M
V m
r M
N
$25,713
$19,457
V i L
.I
2222'u-4uuv
N+
V o
m g
aCon
P m
P M
la
61
Ul
8
0
U'
8
m�
m
to
to8
iJ
a
8
8
d
8
1469
W
A
8
WW
W
8
84
8
ti
N
N
8
N
8
8
ti
8
N
N
8
D
8
8
8
ti
to
N
2
1,1
8
W
N
1.0
8 8
1
8
8
8
cn
mm
0
8
8
0'
1,1
1,3
8
8
8
8
N
m8
m
6,61
m
8
Of
8
8
8
tp
6419
CO
8
8
41
V'
8
tlfM
8
m8
8
8
fA
8
8
fJ
83
M
8
act
2
co
co
to
L
2
2
2
2
2
X
2
ffi
Ut
2
2
8
8
.41
54
2
C
2
2
2
u
2
W
2
-343
2
2
2
Ul
m
2
2
S
n
2
4
2
-41
2
2
2
8
'
T
6Z1-60 'oN uonnjOSJ