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City warned of roughly $67,000 special-assessment bill tied to Water Point Building lot after buyer withdrew offer
Summary
City staff told the Hazen City Commission that a prospective buyer withdrew an offer on the Water Point Building after discovering accumulated special assessments; the city expects a special-assessment bill of about $67,000 at the next meeting.
City staff told the Hazen City Commission that the lot at the Water Point Building carries accumulated special assessments stemming from multiple projects and that a prospective buyer withdrew an offer after learning about the assessments.
"Next meeting, you'll have a special assessment bill of $67,000 for the city," the Clerk said, explaining the total reflects costs accrued since the lot’s construction. Staff said the assessment results from a combination of projects, including flood work, a sewer line under the railroad and street projects.
Commissioners discussed the withdrawn offer and noted the amount could affect sale prospects; no policy action or vote was taken at this meeting. Staff said the assessment will be presented as a bill at the next meeting for council consideration and payment from city funds unless other arrangements are identified.
Background provided by staff indicated the assessment balance is the net across several project-specific charges. The clerk described how multiple small assessments across different projects had accumulated to create the balance currently attributed to the lot. The commission did not vote on the property sale or the assessment at this session.
Staff committed to bring the formal assessment bill to the commission at the next meeting for action or further direction.
