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IV.5. Resolution Approving Special Assessment of Waterline Repairs on Private Property; BishopJuly 14, 2020 Council Report 2020-053 APPROVE ASSESSMENT OF PRIVATE WATERLINE REPAIRS Proposed Action. Staff recommends that the Council apprave the foliowing motion: Move that the Hopkins City Council_ ado�t Resolution 2020-038 Approvin� S��ecial Assessment for Waterline Repairs on Private Property. Overview: As part of a leak detection survey a homeowner was required to have their waterline replaced. The homeowner is required to make the repair based on Hopkins City Code. Following receipt of estimated repair costs the homeowner sigmed an agreement on June 19, 2020 petitioning the City to do the repairs and waiving their right ta object to the assessment. The repairs were completed at a total cost of $3,750. As part af the agreement a 10 year assessment at 4% was proposed and agreed to. Hennepin County requires the City to take specific action placing the assessment on the taxes. This resolution accomplishes that requirement. Supportin� Information: • Resolution 2020-038 Melanie Ortiz Accounting Technician Financial Impact: $ 3,750.00 Budgeted: Y/N N X Source: propertV owner Related Documents (CIP, ERP, etc.): Notes: CITY OF HOPHINS HENNEPIN COUNTY, MINNESOTA RESOLUTION 2020-038 Approving Special Assessment for Waterline Repairs on Private Property WHEREAS, On June 19, 2020 the owners of property at 346 10�' Ave N, Hopkins, MN and identified as 24-117-22-24-0127 signed an agreement petitioning for repairs to be done to their private waterline; and WHEREAS, the owner has insufficient funds to repair the waterline; and WHEREAS, the City as a program whereby the owner has the ability to petition the City to do the repairs and have the cast assessed to their t�es; and WHEREAS, as part of the agreement the owner waives their right to object to the assessment, NOW THEREFORE BE IT RESOLVED, that the City Council of the City of Hopkins hereby orders the assessment of $3,750 to be placed on #he taxes of the property listed above for a 10 year period with an interest rate of 4%. Adopted by the City Council of the City af Hapkins this 14�' day of July, 2020. By: Jason Gadd, Mayor ATTEST: Amy Domeier, City Clerk