HomeMy WebLinkAbout11-105 - ADMIN Resolution - City Council - 2011/10/17RESOLUTION NO. 11-105
RESOLUTION APPROVING 2012 BUDGET
AND SERVICE CHARGES FOR
SPECIAL SERVICE DISTRICT NO. 5
WHEREAS, pursuant to Ordinance No. 2371-09, the City Council created Special
Service District No. 5 (the "District"). The specific properties located within the District are
identified on Exhibit "A" attached hereto; and
WHEREAS, pursuant to Resolutions No. 09-021, the City Council is authorized to
impose service charges within the District on a multi-year basis through and including the year
2019 for taxes payable in said year; and
WHEREAS, pursuant to Section 2.04 of Resolution No. 09-021, the maximum budget 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, pursuant to Section 3 of Resolution No. 09-021, 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 required by Statute to certify assessments to the County by
November 23, 2011.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of St. Louis
Park as follows:
1. The 2011 Budget for Special Service District No. 5 of $26,698 is hereby approved
as r- ommended by the Special Service District No. 5 Advisory Board.
The authorized 2011 Service Charge for Special Service District No. 5 is $12,698
in the . ounts and against the properties specified on Exhibit "A" attached to this Resolution.
Rev'
r Admimstration:
C
Attest:
Adopted by the City Council October 17, 2011
q4
Resolution No. 11-105 -2-
CITY OF ST. LOUIS PARK
Special Service District #5
Estimated Annual Cost Per Parcel
Proposed 2012 Service Charge
PID
411721310018
411721310019
411721340043
411721340044
411721340045
411721340046
411721340047
411721340049
411721340050
3002924320026
3002924330011
3002924330015
3002924320022
3002924330031
Address
5611 Wayzata Blvd
1500 Park Place Blvd
5600 Cedar Lake Rd
1690 Park Place Blvd
1650 Park Place Blvd
1620 Park Place Blvd
5699 16th St W
1700 Park Place Blvd
5601 16th St W
5353 Wayzata Blvd
5401 Gamble Dr
5402 Parkdale Dr
5370 16th St W
1600 West End Blvd
Owner
KK Corporation
W2005 Wyn Hotels LP
Inland Real Estate Corp
James E Oslund
Inland Real Estate Corp
Inland Real Estate Corp
Inland Real Estate Corp
Costco Wholesale
Inland Ryan LLC
5353 Wayzata LLC
Parkdale Property LLC
Parkdale Property LLC
AD West End LLC
AD West End LLC
Proposed
2012
Service Charge
$490
$2,875
$1,029
$453
$556
$505
$507
$397
$388
$1,003
$886
$1,603
$453
$1,553
$12,698
Attachment A 11111
Notes
1) The proposed 2012 service charge calculations are based upon the same methodology / formulas
used for the initial service charge collection
2) The 2012 budget is $26,698 but the service charge is only $12,698 because $14,000 was paid from reserves
to lower the fund balance
Actual
2011
Service
Charge
$578
$3,396
$1,215
$536
$657
$596
$599
$469
$459
$1,185
$1,047
$1,893
$535
$1,835
$15,000
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