HomeMy WebLinkAboutResolution - 886 - Amending Resolution #738 - Assessment Policies - Ring road Project STR 72-9-26 - 09/28/1974 OCTOBER 1, 97 4
CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MININESOTA
RESOLUTION NO. 886
RESOLUTION' E STALL!SEIING ASSESSMENT
POLICIES FOR Tin..' MAJOR CENTER AREA
RING ROAD PROJECT STR 72-9-26 AND
VOIDING PREVIOUS COUNCIL RESOLUTION
NO. 738
BE IT REESOLVE:D, by the City Council of the City of Eden Prairie, that
the follo,:ii-q policies viith respect to financing of the Major Center Area
Ring Road (Project 72-9-26) are herein established:
1. Special assessments will be levied for up to ninety-five .(95%) percent
of the local share of the improvement costs (total costs less
municipal State Aid funds and any other State or County partici-
pating funds) . Properties to be assesses shall be those indicated
on Project assessment reaps to be prepared by the City staff and
approved by the City Council on or before the special assessment
hearings for the project. Such properties to be assessed shall
be those abutting the Ring Road, within the Ring Road, those
for which the Ring Road will be the primary access to County,
State and Federal highway systems and those properties included
in the approved t•Iajor Center Area Planned Unit Development
(MCA-PUD) .
2. Five (5%) percent of the local share of the roadway costs will be
derived from the general community. This general corranunity share
may be derived through use of municipal State Aid funds (t-ISA) ,
revenue sharing funds, or from additional general tax income
to the City resulting from increased valuation from development
in the TMajor Center Area. The City Council shall have the auth-
ority to pledge up to fifty (50%) percent participption only if
tax laws permit u greater share of new commercial and industrial
assessed valuation to remain with Eden Prairie.
3. The City will continue to strive for greater cost participation
from the State and Hennepin County because the Ring Road serves
many regional facilities.
4. The City will continue to seek to initiate legislation creating a
special tax district similar to those associated with urban renewal
projects, for the purposes of tax--increment financing for a por-
tion. of &.e local share of the roadway costs.
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5. Those properties -within the assessment district for said project
which are utilized for honesteaded single family detached resi-
dential purposes an-1 those properties owned by religious insti-
tutional organization as of Occ.ober 2, 1974 shall be assessed for
possible benefits from said project but collection of such assess-
ments shall. be deferred until such time that rezonings to sour e
other land use for said properties should occur through official
action of the City Council_ It is the intent of the City Council
as of the date of this resolution that rezonings of such home-
steaded single family residential and religious institutional
properties shall occur only upon request of the legal owners of
such properties. Deferred interest shall. be charged against said
properties but shall not exceed fifty (50%) percent of the prin-
cinal. assessment.
6. Conservation ,.real identified on the project assessment map
(see 4�1) shall be exempt.: from assessments.
7. Construction_ of the Ring Road shall be phased as land development
and traffic volumes warrant or as petitioned by property owners
o= a given• quadrant and as ordered by the City Council.
8. Assessment rates for the Ring Road Project, pursuant to H.F.
No. 3142, Chapter No. 197, Minnesota Statutes (copy attached
as Erhi_bit A) shall be determined and applied as follows:
A. Base ?ate Method
The entire assessment district shall be assessed for twenty-
five (25 0) percent of the local share to be assessed for
the road:•ray improvements on an equal, per acre basis. This
Base Rate assessment represents general benefits to the
assessment district such as bridge structures, ramps, road-
way drainage facilities, lighting and signals.
B. c ront Foot Method
Those properties abutting either side of the fully improved
Ring Road shall be assessed at the rate of fifty ($50)
dollars per abutting foot. if the roadway is constructed
in phases, this rate shall be adjusted accordingly.
C. I:and Use/Trip Generation Method
The assessment rates computed by this method shall apply to
all properties within the assessment district and shall be
in proportion to the traffic trips generated by each respec-
tive property as related to land use in conformance with the
MCA-PTTD. The amount assessed under this method shall be
the local share to be assessed less the amounts assessed
under the Base Fate and Front Foot Methods.
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The following traffic generation rates shall be utilized in
computing the Land Use/Trip Generation Pates:
Land Use Daily Two-way Trips
Per Acre
Regional Commercial 600
Regional Office 264
Regional Service 300
Plighway Commercial 500
Industria? Office 230
t-ICA Low Density Housing 96
MCA b.edium Density Housing 140
MCA High Density Housing 280
*These rates are derived from "Table 4 , Traffic Generation
For Various Land Uses, 494/100 Southdale Corridor Trans-
portaticn Study, prepared by Daniel, Mann, Johnson &
Mendenhall.
D. Assessments for Utilities
Storm se%.,er facilities necessary to drain the Ring Road Roadway
and Right-of-Way and miscellaneous sanitary sewer and watermain
crossings will be considered as general benefit to the assess-
ment district. Storrs sewer oversizing, sanitary sewer and water-
rzain laterals will be assessed to those properties specifically
benefitted per usual City assessment policies.
9. The City Council i:ill levy assessments for the Ping Road Project
consistent with the terns of the resolution as frequently as
necessary to correspond with the construction phasing of the
project. The City Council intends to periodically review all
land uses with the assessment dis`rict and to adjust assess-
ment ratee; and re-assess the project as necessary to help insure
that assessment costs are distributed equitably.
10. Previous Council Resolution No. 738 is herein declared null and
void.
ADOPTED by the City Council on September 28, 1974
/4�1 yt,
David W. Osterholt, I-Ia.yor
ATTEST: SEAL
John—f4 Frane, Cit Clerk r