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Committee adopts 2025 special assessment factors and interest approach for unpaid assessments
Summary
The Improvement Service Committee approved updated 2025 assessment factors and described the city’s approach to unpaid special assessments, including automatic conversion to a five-year bond payment plan with an interest-plus-administration rate.
The Green Bay Improvement Service Committee on Jan. 15 approved the city’s recommended 2025 special assessment factors and associated rates for sanitary sewer, storm sewer, water and street construction.
Staff presented a memo and tables showing recent construction costs and recommended assessment-factor updates. Examples cited in the presentation included a proposed asphalt pavement assessment-factor increase from $175 to $195 per front foot and a concrete pavement increase from $245 to $265 per front foot. Staff also presented proposed changes for asphalt resurfacing and for multiple street classifications (Type A, B and C streets) with zone-specific rates shown in the packet.
Staff explained the procedural interaction between assessments and the wheel tax: the city continues to levy assessments under its assessment ordinance but, for residential property, invoices have been routed to the wheel-tax fund rather than billed directly to residential property owners. Staff described the collection process for assessments: property owners may pay the assessment within 30 days; unpaid balances automatically convert to a five-year payment plan backed by city bond issuance. Staff said the city’s targeted bond interest rate plus a 2% administrative charge produced an effective assessment repayment rate near 5.9% for the current cycle.
Committee members asked clarifying questions about when assessments apply (for new Type A streets and other classifications) and how commercial or business properties in residential zones would be charged (staff said they would pay 50% of the posted residential rate if applicable).
Ending: The committee approved the 2025 tables and directed staff to publish the adopted assessment factors and update assessment-computation materials for use on forthcoming projects.
