HomeMy WebLinkAbout15-149 - ADMIN Resolution - City Council - 2015/10/05RESOLUTION NO. 15-149
RESOLUTION APPROVING 2016 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 "Distnct"). The specific properties located within the Distnct are
identified on Attachment "A" attached hereto; and
WHEREAS, pursuant to Resolution No. 09-021, the City Council is authonzed to
impose service charges within the Distnct 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
December 1, 2015.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of St. Louis
Park as follows.
1. The 2016 Budget for Special Service Distnct No. 5 of $27,198 is hereby approved
as recommended by the Special Service Distnct No. 5 Property Owners.
2. The authonzed 2016 Service Charge for Special Service Distnct No 5 is $18,698
the amounts and against the properties specified on Attachment "A" attached to this
solute ,' n
Reviewed fore;. dministration:
City
Attest.
Adopt/ed'by the City Council October 5, 2015
C
Mayor
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Resolution No 15-149 2
CITY OF ST. LOUIS PARK
Special Service District #5
Estimated Annual Cost Per Parcel
Proposed 2016 Service Charge
Attachment A
Proposed Proposed Actual
2016 2015 2014
PID Address Owner Service Charge Service Charge Service Charge
04-117-21-31-0018 5611 Wayzata Blvd KK Corporation 5721 5721 $721
04-117-21-31-0019 1500 Park Place Blvd Doubletree Hotel $4,234 54,234 54,234
04-117-21-34-0043 5600 Cedar Lake Rd Inland Real Estate Corp 51,515 51,515 51,515
04-117-21-34-0044 1690 Park Place Blvd James & Patricia Oslund $667 $667 $667
04-117-21-34-0045 1650 Park Place Blvd Inland Real Estate Corp 5820 5820 5820
04-117-21-34-0046 1620 Park Place Blvd Inland Real Estate Corp $743 5743 5743
04-117-21-34-0047 5699 16th St W Inland Real Estate Corp 5746 5746 5746
04-117-21-34-0049 1700 Park Place Blvd Costco Wholesale 5584 $584 5584
04-117-21-34-0050 5601 16th St W Inland Ryan LLC $572 $572 $572
30-029-24-32-0026 5353 Wayzata Blvd 5353 Wayzata LLC 51,477 51,477 $1,477
30-029-24-33-0011 5401 Gamble Dr The Excelsior Group 51,305 51,305 51,305
30-029-24-33-0015 5402 Parkdale Dr The Excelsior Group $2,360 $2,360 52,360
30-029-24-32-0022 5370 16th St W Shops at West End 5667 5667 5667
30-029-24-33-0031 1600 West End Blvd Shops at West End 52,287 52,287 52,287
$18,698 $18,698 $18,698
Notes
1) The proposed 2016 service charge calculations are based upon the same methodology / formulas
used for the initial service charge collection
2) The 2016 budget is $27,198 but the service charge is only $18,698 because $8,500 was transferred
from reserves to lower the fund balance Both are unchanged from 2015