89-2107 WHITE - CITV CLERK
PINK - FINANCE GITY OF SAINT PAUL Council A �/� �
CANARV -OEPARTMENT �[ //�/
BLUE -MAVOR File NO. -• �� •
Return copy to Room 218 �
(CHAP64A) TK �
Z��n`,P, �" ` Ordinance N O. l �Z��
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Presented By
,
Referred To u'�' Committee: Date r���� ~��
Out of Committee By Date
ln, ordinance a ending Chapter 64 of the Saint
Paul Administr tive Code pertaining to public
improvement as essments, and adding a provision
thereto which ould suthorise the acceptance of
advance paymen s for pending assessments.
THE COUNCIL OF THE CITY OF AIIdT PAUL DOES OBDAIN:
gCTIOH 1 .
That Chapter 64 of the Saint Paul Administrative Code is
hereby amended so as to add the following new section thereto :
64•Og. Pending A sessments ; Advance Payments. The
department of finance nd management services is authorized
to accept advance paym nts for pending aseessments for
public improvements ap roved by the city council but for
which the assessments ave not been adopted and certified
for collection. Advan e paymenta shall not be less than one
and one-half of the am unt of estimated pending assessment
or the exact amount fo a known assessment . The director
may adopt regulations overning the receipt of such
advance payments , incl ding provision for application of
the deposit to the ado ted assessment and refund of egcess
amounts ; provided, ho ever, that the city shall not be
required to pay any in erest for advance payments.
ECTIOH 2.
This ordinance shall t ke effect and be in force thirty ( 30)
days from and after its passage, approval and publication.
COUNCIL MEMBERS
Yeas Nays Requested by Department of:
D�mond nce & Man e eii rvices
��- [n Favor
��. �Rettman Director �
Scheibel � Against By
Sonnen
�'1'i5lsed
D�c �f s �� Form A ro ed by City tto ey
Adopted by Council: Date
Certified P s ed Council S tar BY
By
� r
� Q
Approve Ma L � ��l! Appr d by Mayor for Su mi o o C cil
�'�.w�3� �E v � t; 198Q
• . � " -:1 � i. . . � �(-./�� �V i �O`Y�//
DEPARTM[NTbFFFI(�//COUNpL DATE INITIA D /�J�/Q/
F�nan�e Rea� Estate����s�on GREEN SHEET No. �����A�� "
OONTACT PER80N 8 PHONE DEPARTMEMT DIRECTOFi CITY�U L
Thoma. E Kuhf 1 298- 31 �� c�TM ATTOR"�' an'a�ac
MUBT BE ON COUNGL AOENDA BY(DATE) IIOU71N�i ' BUDOET DIRECTOR �FIN.i .BERVICEB pR.
NA Mnvop�oR�ssisr �
TOTAL#OF SIGNATURE PAGE8 1 (CLIP ALL LOC TIONS FOR SIQNATUR�
�c�noN�ouesrEO:
Amend Chapter 64 of the Saint Paul Administ ative Code to allow Real Est e Division to
to accept advance payments for pending asse sm�nts.
ooMMENw►r�oNB:Appmv.W u►Aek�( COUN6IL TTEE/RE�EIIRCM 1�ORT
_PIANPNNO CGMMIS�ON _CIVIL SERVIC:COMMISSION ANALYST PNONE .
qB COMMIII'EE `
x �� — ��: C 9
�oisrr�cr couRr _ M� '- .- ��,P 1(,E C1F r N�(ji
su�oars�oouNa�oe�ecnve� ,�1 Y .'Vp �AN� ��7'OF tN��R
iam�+nrro�oei.eM.�ssue,o�opTU�xnr�wno.wn.e.wn«�.wne�s.wi,y�: RVICE
Currently we do not accept payments on pen ing assessments until the City Coune�il has
ratified the assessment. People who sell roperty during this time have to deposit an
excessive amount into escrow account to co er the pending assessment. Unless the new
owner sends the bill to the title company, the money remains in limbo indefinitely. The
proposed process of the City accepting �dv nce payments will be a benefit to both the
buyer and the seller.
. /
�ov�r�s��PROVEO: .
Advantages if approved is �'o minimized the amount of money needed for an advance payment
and after the ratification of assessment, the surplus will be returned to the seller.
as�wv�wr�s��ov�:
Disadvantages if approved solely requires some additional effort on the City's part in
accepting advance payments. The title co panies wi:ll receive less escrow from St. Paul
accounts. �
as�ov�r�s�Nor�+novEC:
The old system of excessive escrows and s metime long delays in settling those ��iss
would be continued.
Council Research Center
NOV 9 1��9
TOTAL AMOUNT OF TRANSACTION = N�A COET/REYENUE WDOETED(CIRCLE ONE) YES NO
FUNDIN�SOURCE ACTIViTY NUMOER
FlNANqAL INFORMATION:(EXPLAIN)
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