Notice is hereby given that the City Council of the City of Fridley, Minnesota (City) will hold a public hearing on
Monday, April 24, 2023 at 7:00 p.m., or as soon thereafter as the matter may be heard at the City Council chambers on the upper level of the Civic Center, located at 7071 University Avenue N.E. in the City, regarding the adoption of an ordinance to establish the Innsbruck North Housing Improvement Area (HIA); and the adoption of a resolution imposing fees on housing units within the HIA, all under Minnesota Statutes (M.S.) § 428A.11 to 428A.21, as amended (HIA Act).
The boundaries of the proposed HIA are shown in the map attached hereto as Exhibit A. Within the HIA, the City proposes to facilitate various improvements to the housing units in the HIA. The improvements would be financed by fees imposed on the owners of units (Fees). Details regarding the hearing, the improvements, and the Fees are as follows:
1. Persons to be heard: All persons owning housing units in the proposed HIA that would be subject to the Fees, and all other interested persons, will be given an opportunity to be heard at the hearing.
2. Proposed improvements: The proposed improvements include site and utility improvements, including but not limited to the replacement of all streets and driveways; the addition of new curbs and gutters; the replacement or improvement of sanitary and storm sewer mains; the correction of drainage issues within the HIA; the replacement and renovation of retaining walls, paths, sidewalks, stairways, and concrete mailbox pads; and the replacement of the tennis court with green space.
3. Estimated cost of improvements to be paid in whole or in part by the Fees: The total estimated project cost is $5,710,000 which includes construction costs, bond issuance costs, capitalized interest, professional services costs, and the City’s administrative costs. A portion of the project costs will be paid with equity of the HIA in the amount of $920,000. The total estimated project cost to be paid from the Fees is $4,790,000.
4. Amount to be charged against each housing unit: The total costs will be allocated equally to each housing unit in the HIA, equaling an estimated per-unit fee of $16,986 (Unit Fee). If a unit owner fails to pay the Unit Fee prior to June 23, 2023 (Prepayment Date), interest will accrue on Unit Fee at an estimated rate not to exceed 7.25% per annum and the Owner will be charged an estimated annual fee of $1,716.36 (Annual Fee) for a period of 20 years, assuming no prepayment, is estimated to be $34,327.17. The final Fees may not be more than the amounts described in this paragraph.
5. Owner's right to prepay the Unit Fee: Owners may prepay the Unit Fee without interest, in whole but not in part, before the Prepayment Date. After the Prepayment Date, the Fee may not be prepaid. The unpaid balance will be imposed as an Annual Fee as described in paragraph 4 above.
6. Number of years the Annual Fee will be in effect: If owners do not pay the Unit Fee by the Prepayment Date, the Annual Fee will be imposed and collected at the same time and in the same manner as property taxes. The Annual Fee will be payable in equal installments over a period not to exceed 20 years beginning in 2024.
7. Compliance with Petition Requirement: Owners of more than 60 percent of the housing units that would be subject to the Fees in the proposed HIA have filed a petition with the City requesting a public hearing on the proposed Fees, the creation of the HIA and the adoption of an ordinance (Ordinance). This meets the petition requirements for a public hearing under Minnesota Statutes, Section 428A.12 and the City’s policy.
For further information on the proposed HIA, the Fees, and the Ordinance contact Joe Starks, Director of Finance/City Treasurer, (763) 572-3520, email@example.com.
Those who wish to provide comments may do so by attending the meeting in person or submit comments in writing. Written comments may be submitted to the City via U.S. mail or via email to firstname.lastname@example.org. Written comments received by the City before the agenda packet is produced and distributed will be included as attachments to the Agenda Report. All comments received after that will be given to the City Council at the beginning of the meeting and entered into the public record.
Written or oral objections asserting that the owner's property should not be included in the HIA or should not be subjected to a fee and objecting to the inclusion of the housing unit in the HIA, for the reason that the property would not benefit from the improvements must follow M.S. § 428A.12, subd. 4.
Housing unit owners subject to the Fee will also have a right to veto either the ordinance, the fee resolution, or both following the adoption of the ordinance and the fee resolution. If owners of at least 45% of the housing units within the HIA file an objection with the City Clerk before the effective date of the ordinance or the resolution the HIA will not become effective. A map of the Housing Improvement Area may be viewed here.
If you need special accommodations at the City Council meeting, please call 763-572-3523.
Melissa Moore, City Clerk/Communications Manager