Downtown assessment hearing Tuesday
The public is invited to attend a special assessment hearing for the downtown Park Rapids utility and street reconstruction project.
The public hearing is at noon Tuesday, Oct. 25 at the Park Rapids Area Library lower level meeting room.
City engineer Jon Olson will give a presentation and then time will be given for comments. Park Rapids property owners affected by the project have been sent out letters notifying them of assessments from the downtown construction project.
The Park Rapids City Council approved project costs to include a $700,000 federal grant distributed over the entire project rather than in one area.
This was determined to be a fair way to distribute the grant money, according to the finance committee.
By spreading out the grant the assessment is reduced by about 14 percent and the city share, which is the general tax base, is reduced by approximately 15 percent.
The final costs are coming in under the anticipated budget by 6 percent. The total cost is $5,194,751.99 while the budget was $5,536,841.73. The assessable share is $1,862,748.84.
A typical 25-foot lot will have a $5,660.68 assessment, a typical 50-foot lot will have a $10,961.54 assessment and a typical 100-foot lot will have a $19,966.04 assessment.
Assessments can be paid in full or added to property taxes and paid over time.
Details about the assessments will be explained at Tuesday's meeting.
For more information about the public hearing call City Hall at 732-3163.