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Council adopts assessment roll for Lynnview Estates street and utility project
Summary
Detroit Lakes council adopted a special assessment roll for the Lynnview Estates street and utility improvements after a staff presentation that put total project costs at about $521,000 and per-lot assessments (before developer prepayment) at about $50,000; the developer's required 25% prepayment would lower assessments to roughly $36,800 per lot and the city’s share is about $21,915.
The Detroit Lakes City Council adopted the assessment roll for the Lynnview Estates Street and Utility Improvement Project following a presentation by the city engineer describing project scope, costs and assessment methodology.
City Engineer John said the work converted about 10 acres of undeveloped land off Shorewood Drive into a residential subdivision by extending sewer and water, building a short cul-de-sac street, installing storm drainage and doing site grading. "The overall project was a little over $521,000," he said, adding that the largest portion of the cost was the street.
Under the city's assessment policy and the development agreement, the project is assessed to the developer and benefited lots. John explained the per-lot assessments prior to any prepayment are about $50,000; because projects under 20 lots require a 25% prepayment, that prepayment would reduce the assessment to about $36,800 per lot. He said the stormwater utility fund pays half of the storm sewer costs and that the city share of the project was roughly $21,915. The assessment term was described as up to 20 years following substantial completion, with an option for a five-year deferral followed by a 15-year term; the interest rate tied to these assessments is 5.5%.
No members of the public spoke during the hearing and the mayor closed the public comment period before Community Works Chair Zeman moved to adopt the assessment roll. The council approved the motion by voice vote.
Next steps: assessments will be levied against the benefited lots beginning next year, subject to the developer’s prepayment and the final assessment roll. The city said prepayment and financing mechanics will proceed per the city's assessment policy and the development agreement.
