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HomeMy WebLinkAbout[07a] CBD Alley Improvement Project Council Agenda Item 7a MEETING DATE: May 1, 2017 AGENDA ITEM: CBD Alley Improvement Project SUBMITTED BY: Administration/Engineering BOARD/COMMISSION/COMMITTEE RECOMMENDATION: N/A PREVIOUS COUNCIL ACTION: The City Council ordered the improvements for the improvements to the north/south east/west alleys in Block 9 and Block 12 of the central business district. Approval included the letting and receiving of bids for the same. BACKGROUND INFORMATION: The improvements for the CBD Alley project include the assignment of assessments. As in the past the City Council will be conducting the assessment hearing before the contract is awarded and the improvements are completed. In preparing the assessment roll, the City Assessment policy is reviewed as the starting point. In addition, a benefit analysis is prepared by an independent appraiser to provide the benefit of the proposed improvement. In the matter of the CBD Alley Improvements, the policy identifies the starting point for assessing alley improvements is 100% with utilities assessed at 60%. The following proposed assessment roll includes a column entitled “Sub Total Assessment”. The attachment that follows is the benefit report as prepared by Bill Waytas, the same appraiser used for Park Terrace and the 2015 Street Improvement. Since the purpose of the report is to indicate the benefit to the property, part of the review includes the existing conditions. The project includes two blocks that are referred to as Block 9 and Block 12. Since Block 9 has existing bituminous surfacing the benefit is less than the benefit to Block 12 which is gravel surface. The benefit is different if there is direct versus indirect access to the roadway. If there is a significant physical barrier that would prevent access, the property was assigned the value of indirect. The final stndrd distinction is homestead versus non homestead. In 2002 when the City improved the streets (Ash/Birch/1/2/3 ) the same method was used, charging different amounts for residential and commercial, using the tax classification. The benefit values as indicated in the report are illustrated in the upper right of the assessment roll. The benefit analysis was applied the same manner as it was for the Park Terrace and 2015 Street Improvement Project, using the high end of the value indicated in the report as the cap for the improvement. The column entitled “City Subsidy” is the difference between the assessment policy and the benefit analysis. The Park Terrace Improvement included storm sewer and that was included as part of the benefit analysis in the cap, the same as it is applied in this case. The next step in the process is to consider two resolutions: 1) Declaring the costs to be assessed; and 2) Calling for hearing on the proposed improvements. Staff is recommending conducting the hearing on May 15 at 6:30 PM. As th in the past, the bids can be awarded after the assessment hearing. The project is anticipated to begin after the 4 of July. Upon execution of the two resolutions, property owners will be mailed notices of the upcoming hearing with their proposed assessment. In addition, the hearing notice will be placed in the Newsleader as a legal ad. ATTACHMENTS: Resolution 2017-017 Declaring Cost to be assessed Resolution 2017-018 calling for a Hearing on Proposed Assessments Benefit Analysis Final Assessment Roll REQUESTED COUNCIL ACTION: Authorize the Mayor and Administrator to execute Resolution 2017 Declaring cost to be assessed and Resolution 2017-018 calling for a Hearing on the Proposed Assessments. Resolution 2017-017 Declaring Costs to be Assessed and Ordering Preparation of Proposed Assessment 2017 CBD Alley Improvement WHEREAS, the City has solicited and opened bids for the improvement of the following areas: the east/west and north/south alleys between Minnesota Street and Birch Street and st College Avenue N and 1 Ave NW by bituminous surfacing, storm water and sewer improvements. The estimated cost for such improvement is $239,693.00, and the expenses incurred or to be incurred in the making of such improvement amount to $121,507.00 so that the total cost of the improvement will be $361,200.00. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF ST. JOSEPH, MINNESOTA: 1. The portion of the cost of such improvement to be paid by the city is hereby declared to be $210,621.00 and the portion of the cost to be assessed against benefited property owners is declared to be $150,579.00. 2. Assessments shall be payable in equal annual installments extending over a period of 10 years, the first of the installments to be payable on or before the first Monday in January 2018, and shall bear interest at the rate of 6.0 percent per annum from the date of the adoption of the assessment resolution. 3. The City Administrator, with the assistance of the City Engineer, shall forthwith calculate the proper amount to be specially assessed for such improvement against every assessable lot, piece or parcel of land within the district affected, without regard to cash valuation, as provided by law, and she shall file a copy of such proposed assessment in her office for public inspection. 4. The City Administrator shall upon the completion of such proposed assessment, notify the council thereof. Adopted by the Council this 1st day of May, 2017. ____________________________ Rick Schultz, Mayor ____________________________ Judy Weyrens, Administrator Resolution 2017-018 Hearing on Proposed Assessment 2017 CBD Alley Improvements WHEREAS, by a resolution passed by the council on May 1, 2017, the City Administrator was directed to prepare a proposed assessment of the cost on the 2017 CBD Alley Improvements which affects the following areas: the east/west and north/south alleys st between Minnesota Street and Birch Street and College Avenue N and 1 Ave NW by bituminous surfacing, storm water and sewer improvements. AND WHEREAS, the City Administrator has notified the council that such proposed assessment has been completed and filed in his/her office for public inspection, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF ST. JOSEPH, MINNESOTA: 1. A hearing shall be held on the 15th day of May, 2017 in the St. Joseph Government Center located at 75 Callaway St E, St. Joseph, MN at 6:30 PM to pass upon such proposed assessment and at such time and place all persons owning property affected by such improvement will be given an opportunity to be heard with reference to such assessment. 2. The City Administrator is hereby directed to cause a notice of the hearing on the proposed assessment to be published once in the official newspaper at least two weeks prior to the hearing, and she shall state in the notice the total cost of the improvement. She also cause mailed notice to be given to the owner of each parcel described in the assessment roll not less than two weeks prior to the hearings. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the county auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the date of payment, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of the assessment. An owner may at any time thereafter, pay to the City Administrator the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the succeeding year. Adopted by the Council this 1st day of May, 2017. __________________________ Judy Weyrens, Administrator Rick Schultz, Mayor Report Type Real Estate Consulting Letter Report Effective Date March 2, 2017 Client Subject Property City of St. Joseph Alley Improvement Project Attn: Susan Kadlec, City Attorney Blocks 9 and 12 Alleys 1010 West St. Germain, #420 St. Joseph, MN 56374 St. Cloud, MN 56301 Prepared By: Ethan Waytas, Appraiser William R. Waytas, Appraiser File # V1702001 Nagell Appraisal Incorporated 12805 Highway 55, Suite 300 Plymouth, Minnesota 55441 Tel: 952.544.8966 | Fax: 952.544.8969 AREA DESCRIPTION St. Joseph is located about 10 minutes west of St. Cloud along Highway 75 and I-94. The population was 6,534 as of the 2010 census (an increase of 39.6% from the 2000 census). The College of St. colleges in town and nearby provide a boost to the local economy with the influx of students every year. Single family homes generally range in value between $50,000 and $200,000+ in the City Limits with an average of about $180,000 (MLS statistics). The city is mostly built-up, however the city is expanding as it annexes land as the population increases. Most homes are average to good quality. SUBJECT PROPERTIES The project area is a mixture of commercial and residential homes. The residential homes are commercially zoned and guided for future commercial use. Per city information, there are a total of 22 properties in the project area with adjoining frontage on the alleys. EXISTING ALLEYS Physical Condition of the Existing Road: Block 9: The existing alley road improvements are showing significant signs of wear and reported to be in poor condition (per feasibility study). The pavement was reportedly, per city, last constructed in 1998. There is severe alligator cracking and potholes. The feasibility study indicated that there is poor surface water flow and areas of standing water. Block 12: A majority of the alley is gravel, but there is some paved area as well. The gravel portion has many potholes and is very dated. The paved area has significant cracking (per feasibility study). The feasibility study indicated that there is poor surface water flow and areas of standing water. Functional Design of the Road: The existing street improvements have a poor look in the front/side/rear of a majority of properties in the project The current roads meet the minimum expectations for accessibility but reflect negatively on the visual appeal of the properties. Overall, the existing street improvements are considered to be in poor surface condition, look dated and reflect likewise on the adjoining properties. Additionally, the aging utility infrastructure will begin to cause service delays. Clearly, a full alley reconstruction is needed now or will be in the very near future. Page 2 Nagell Appraisal Incorporated | 952.544.8966 PROPOSED IMPROVEMENTS The current alley system, as noted, is in poor surface condition and has areas of poor drainage. Proposed Improvements Block 9: The project is proposed to replace the road base and asphalt with a new road base and asphalt. Sanitary sewer lining, storm sewer catch basins will be constructed to improve water drainage and management. Proposed Improvements Block 12: The existing gravel and partial pavement would be replaced with new asphalt pavement. The Sanitary sewer lining, storm sewer catch basins will be constructed to improve water drainage and management. A full reconstruction is appropriate when the road base and alley surface are in poor condition and the existing water management is poor. If any of the above descriptions change, the benefit due to the project could differ. HIGHEST AND BEST USE The subject project area is located near the central portion of the city in the downtown area. Owners in the subject area appear to update their property as needed when site and building components wear out or become dated. Therefore, it is logical to update the alley to the subject properties as needed as these are essential property characteristics that are expected in this market. An informed buyer would consider the condition of the alley, alley bed, and drainage infrastructure. A well constructed and good condition road or alley provides aesthetic appeal to a property. Given a choice, a potential informed buyer would likely prefer a newer alley and drainage infrastructure over a deteriorating road and poor water management. Note: The alley system is used by almost all of the adjoining properties for access, deliveries, parking, etc. The alley effectively functions as a road for many of the properties. If replacement of components of real estate near the end of their economic life in a home or building is postponed, it can be more costly in the long run; delays in replacing components can result in incurring higher interim maintenance costs and potential difficulty in marketing the property. Also, it is typical for the cost of the replacement of an improvement to increase over time. That said it is logical and prudent for market participants to update/replace dated components when needed. Therefore, the highest and best use of the surrounding properties in the project area is for the continued residential use with the proposed infrastructure improvements. Nagell Appraisal Incorporated | 952.544.8966 Page 3 DISCUSSION OF MARKET BENEFIT BLOCK 9 Listed below are the factors that will be taken into consideration concerning the potential benefit to the properties. Description Existing Improvements Change 1) Alley Surface Poor, asphalt New 2) Base Condition Poor New 3) Curb None None 4) Drainage Poor Improved 5) Storm Sewer Limited Installed as Needed 6) City water Public, n/a Public, n/a 7) City sewer Needs Liner Re-lining it 8) Sidewalk None None 9) Street Lights Average Average 10) Functional Design of Alley Poor Good 11) Traffic Management N/A N/A 12) Median N/A N/A 13) Alley Proximity to Properties N/A N/A 14) Visual Impact on Properties Poor Good Based on the preceding grid, the subject properties will improve in 7 of the 10 applicable categories (N/A excluded). Market participants generally recognize that streets (alleys) and storm sewer (water management) need replacing when nearing the end of a long economic life. A typical buyer in the subject market commonly prefers a new road and good water management versus dated, older road and poor water management. In addition to visual benefit, new street improvements provide better and safer use for pedestrians (biking, walking, stroller, rollerblading, etc.) and drivers. The new alley and storm sewer will enhance potential for updating the current properties. Properties that directly abut or have driveways that exit on the new alley will benefit. Note: Many of the properties use the alley for access to the property, deliveries, and parking. The alley is an integral component to the function and utility of the adjoining properties. Based on past appraisals, experience, and general market information, it is not uncommon for properties similar to those in the subject market to realize an increase in price for new street improvements. Given the scope of the project and the age/quality/condition of houses, properties in the area with updated alleys and improved sanitary sewer lining and water management could see a price benefit of: Homestead (direct access) $30 to $50 per linear foot of alley Homestead (indirect access) $20 to $40 per linear foot of alley Non Homestead (direct access) $40 to $60 per linear foot of alley Non Homestead (indirect access) $30 to $50 per linear foot of alley Page 4 Nagell Appraisal Incorporated | 952.544.8966 DISCUSSION OF MARKET BENEFIT BLOCK 12 Listed below are the factors that will be taken into consideration concerning the potential benefit to the properties. Description Existing Improvements Change 1) Alley Surface Gravel, partial paved, poor New 2) Base Condition Poor New 3) Curb None None 4) Drainage Poor Improved 5) Storm Sewer Limited Installed as Needed 6) City water Public, n/a Public, n/a 7) City sewer Needs Liner Re-lining it 8) Sidewalk None None 9) Street Lights Average Average 10) Functional Design of Alley Poor Good 11) Traffic Management N/A N/A 12) Median N/A N/A 13) Alley Proximity to Properties N/A N/A 14) Visual Impact on Properties Poor Good Based on the preceding grid, the subject properties will improve in 7 of the 10 applicable categories (N/A excluded). Market participants generally recognize that streets (alleys) and storm sewer (water management) need replacing when nearing the end of a long economic life. A typical buyer in the subject market commonly prefers a new road and good water management versus dated, older road and poor water management. In addition to visual benefit, new street improvements provide better and safer use for pedestrians (biking, walking, stroller, rollerblading, etc.) and drivers. The new alley and storm sewer will enhance potential for updating the current properties. Properties that directly abut or have driveways that exit on the new alley will benefit. Note: Many of the properties use the alley for access to the property, deliveries, and parking. The alley is an integral component to the function and utility of the adjoining properties. Based on past appraisals, experience, and general market information, it is not uncommon for properties similar to those in the subject market to realize an increase in price for new street improvements. Given the scope of the project and the age/quality/condition of houses, properties in the area with updated alleys and improved sanitary sewer lining and water management could see a price benefit of: Homestead (direct access) $40 to $60 per linear foot of alley Homestead (indirect access) $30 to $50 per linear foot of alley Non Homestead (direct access) $50 to $70 per linear foot of alley Non Homestead (indirect access) $40 to $60 per linear foot of alley Nagell Appraisal Incorporated | 952.544.8966 Page 5 CONCLUSION The benefit amount noted above should not be construed or relied on as being an appraisal, but are general observations based on the overall market. If an appraisal were made on the individual properties, the actual benefit amount could vary from market observations above. If you have additional questions, please do not hesitate to contact us. Sincerely, Ethan Waytas William R. Waytas Certified General MN 40368613 Certified General MN 4000813 The project area was viewed by William R. Waytas. Enclosures: Location Map, Aerial Map View of Project, Subject Photos, Qualifications, Engagement Letter __________________________________________________________________________ www.nagellmn.com Page 6 Nagell Appraisal Incorporated | 952.544.8966 LOCATION MAP Nagell Appraisal Incorporated | 952.544.8966 Page 7 AERIAL VIEW OF PROJECT MAP Block 12 Project Block 9 Project *Yellow line reflects project area (approximate) Page 8 Nagell Appraisal Incorporated | 952.544.8966 SUBJECT PHOTOGRAPHS Block 9 view Block 9 view Block 9 view Block 9 view Nagell Appraisal Incorporated | 952.544.8966 Page 9 Subject Photographs continued Block 9 view Block 9 view Block 9 view Block 9 view Page 10 Nagell Appraisal Incorporated | 952.544.8966 Subject Photographs continued Block 12 view Block 12 view Block 12 view Block 12 view Nagell Appraisal Incorporated | 952.544.8966 Page 11 Subject Photographs continued Block 12 view Block 12 view Page 12 Nagell Appraisal Incorporated | 952.544.8966 QUALIFICATIONS Appraisal Experience Presently and since 2006, Ethan Waytas has been employed as an employee of Nagell Appraisal Incorporated, an independent appraisal firm (12 employees) who annually prepare 1,500 +/- appraisal reports of all types. He is currently a full time licensed certified general real estate appraiser, as well as the director of Properties appraised: Commercial - low and high-density multi-family, retail, office, industrial, restaurant, church, strip- mall, fast-food, convenience stores, auto-service and repair, cinema, numerous special use properties, and subdivision analysis. Residential single-family residences, hobby farms, lakeshore, condominiums, townhouses, REO and land. Eminent Domain extensive partial and total acquisition appraisal services provided to numerous governmental agencies and private owners. Special Assessment numerous street improvement and utilities projects for both governmental and private owners. Clients - served include banks, savings and loan associations, trust companies, corporations, governmental bodies, relocation companies, attorneys, REO companies, accountants and private individuals. Area of Service - most appraisal experience is in the greater Twin Cities Metro Area (typically an hour from downtown metro). Numerous assignments throughout Minnesota. Professional Membership, Associations & Affiliations License: Certified General Real Property Appraiser, MN License #40368613 Education -- Graduate of the University of Minnesota: College of Science and Engineering, Twin Cities Campus Bachelor of Science in Computer Science, with distinction, 3.86 GPA. -- General & Professional Practice Courses & Seminars -- Basic Appraisal Procedures -- Basic Appraisal Principles -- 2012-2013 15-Hour National Uniform Standards of Professional Appraisal Practice -- General Appraiser Sales Comparison Approach -- General Appraiser Income Approach Part 1 -- General Appraiser Income Approach Part 2 -- Advanced Income Capitalization -- General Appraiser Report Writing and Case Studies -- Real Estate Finance, Statistics and Valuation Modeling -- 2014-2015 7-hour National USPAP Update Course -- General Appraiser Site Valuation & Cost Approach -- Advanced Market Analysis and Highest & Best Use -- Advanced Concepts & Case Studies -- Quantitative Analysis Nagell Appraisal Incorporated | 952.544.8966 Page 13 Curriculum Vitae -- continued Appraisal Experience Presently and since 1985, William R. Waytas has been employed as a full time real estate appraiser. Currently a partner and President of the Nagell Appraisal & Consulting, an independent appraisal firm (12 employees) who annually prepare 1,500 +/- appraisal reports of all types. Mr. Waytas was employed with Iver C. Johnson & Company, Ltd., Phoenix, AZ from 1985 to 1987. Properties appraised: Commercial - low and high-density multi-family, retail, office, industrial, restaurant, church, strip- mall, fast-food, convenience stores, auto-service and repair, hotel, hotel water park, bed & breakfast, cinema, marina, numerous special use properties, and subdivision analysis. Residential single-family residences, hobby farms, lakeshore, condominiums, townhouses, REO and land. Eminent Domain extensive partial and total acquisition appraisal services provided to numerous governmental agencies and private owners. Special Assessment numerous street improvement and utilities projects for both governmental and private owners. Review residential, commercial and land development. Clients - served include banks, savings and loan associations, trust companies, corporations, governmental bodies, relocation companies, attorneys, REO companies, accountants and private individuals. Area of Service - most appraisal experience is in the greater Twin Cities Metro Area (typically an hour from downtown metro). Numerous assignments throughout Minnesota. Professional Membership, Associations & Affiliations License: Certified General Real Property Appraiser, MN License #4000813. Appraisal Institute: SRA, Senior Residential Appraiser Designation, General Associate Member Employee Relocation Council: CRP Certified Relocation Professional Designation. International Right-Of-Way Association: Member HUD/FHA: On Lender Selection Roster and Review Appraiser DNR: Approved appraiser for Department of Natural Resources Testimony -- Court, deposition, commission, arbitration & administrative testimony given. Mediator -- Court appointed in Wright County. Committees -- President of Metro/Minnesota Chapter, 2002, Appraisal Institute. -- Chairman of Residential Admissions, Metro/MN Chapter, AI. -- Chairman Residential Candidate Guidance, Metro/Minnesota Chapter, AI. -- Elm Creek Watershed Commission, Medina representative 3 years. -- Medina Park Commission, 3 years. Page 14 Nagell Appraisal Incorporated | 952.544.8966 Curriculum Vitae -- continued Education -- Graduate of Bemidji State University, Minnesota. B.S. degree in Bus. Ad. -- During college, summer employment in building trades (residential and commercial). -- Graduate of Cecil Lawter Real Estate School. Past Arizona Real Estate License. -- General & Professional Practice Courses & Seminars -- Course 101-Introduction to Appraising Real Property. -- Numerous Standards of Professional Practice Seminar. -- Fair Lending Seminar. -- Eminent Domain & Condemnation Appraising. -- Eminent Domain (An In-Depth Analysis) -- Property Tax Appeal -- Eminent Domain -- Business Practices and Ethics -- Scope of Work -- Construction Disturbances and Temporary Loss of Going Concern -- Uniform Standards for Federal Land Acquisitions (Yellow Book Seminar) -- Partial Interest Valuation Divided (conservation easements, historic preservation easements, life estates, subsurface rights, access easements, air rights, water rights, transferable development rights) Commercial/Industrial/Subdivision Courses & Seminars -- Capitalization Theory & Techniques -- Highest & Best Use Seminar -- General & Residential State Certification Review Seminar -- Subdivision Analysis Seminar. -- Narrative Report Writing Seminar (general) -- Advanced Income Capitalization Seminar -- Advanced Industrial Valuation -- Appraisal of Local Retail Properties -- Appraising Convenience Stores -- Analyzing Distressed Real Estate -- Evaluating Commercial Construction -- Fundamentals of Separating Real Property, Personal Property and Intangible Business Assets Residential Courses & Seminars -- Course 102-Applied Residential Appraising -- Narrative Report Writing Seminar (residential) -- HUD Training session local office for FHA appraisals -- Familiar with HUD Handbook 4150.1 REV-1 & other material from local FHA office. -- Appraiser/Underwriter FHA Training -- Residential Property Construction and Inspection -- Numerous other continuing education seminars for state licensing & AI Speaking Engagements -- Bankers -- Auditors -- Assessors -- Relocation (Panel Discussion) Publications -- Real Estate Appraisal Practice (book): Acknowledgement -- Articles for Finance & Commerce and Minnesota Real Estate Journal Nagell Appraisal Incorporated | 952.544.8966 Page 15 ENGAGEMENT LETTTER Page 16 Nagell Appraisal Incorporated | 952.544.8966 This page intentionally left blank 1