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Hutchinson council adopts revised special assessment policy including modified water-assessment funding
Summary
Council adopted revisions to the city's special assessment policy that add a purpose statement, require annexation for benefit-district properties, expand financial due-diligence language, and change water-assessment funding to allow an annual $100,000 contribution that may accrue up to $500,000 with up to $250,000 available per project.
Angela Richard, director of finance, presented proposed revisions to Hutchinson's special assessment policy. She said the changes are intended to clarify the policy's purpose, require that properties located within a benefit district annex into the city, and add a requirement that developers not be delinquent on normal real-estate taxes (not just special-assessment taxes).
Richard described edits to Section 4 that…
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