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#6 Waiver of special assessment procedure for CSM 11009-CDEPARTMENT OF PUBLIC WORKS MEMORANDUM ENGINEERING DIVISION 19 October 2011 TO: Jay Winzenz, Director of Administrative Services/ Assistant City Manager FROM: Mike Payne, Engineering Manager SUBJECT: For Council Agenda on October 24, 2011, Waiver of Procedure for Special Assessments for storm sewer charges for CSM 11009-C . The final CSM creating three new lots triggers charges for land division assessments. The sidewalk and street lighting assessments have previously been paid. Special arrangements have been negotiated between for 1/3 of the assessments to be paid in full prior to the City signing the CSM. The remaining charges may be spread over a period of five years with interest like all other special assessments for public improvements when approved by City Council. The owner/developer need to sign a waiver of special assessment procedure thereby agreeing to the charges and thus allowing them to be spread over five years. CSM 11009-C will be presented to the Council on October 24, 2011, with approval of the CSM recommended by the Plan Commission. The proposed waiver must be approved before the CSM can be signed and recorded. Wellnitz & Sarow Builders, Inc and Mark Robinson, the land owners, have signed the necessary waiver form which allows 2/3 of the charges to be spread over five years with interest at 6% on the unpaid balance. The Clerk's Office has these documents. The following chart shows assessment charges: CSM 11009-C Owner/Developer Lot 73 of Wellnitz & Sarow Builders, Inc and Mark Robinson Storm Sewer Sidewalk Street Light $10,240 n/a n/a