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HomeMy WebLinkAbout2021-06-01 City Council Work Session Meeting PacketAgenda City Council Work Session City of Edina, Minnesota VIRTUAL MEETING Call 800-374-0221, enter Conference ID 1685871 to listen to meeting Tuesday, June 1, 2021 5:30 PM I.Call To Order II.Roll Call III.Street Funding Discussion IV.Adjournment The City of Edina wants all residents to be comfortable being part of the public process. If you need assistance in the way of hearing ampli#cation, an interpreter, large-print documents or something else, please call 952-927-8861 72 hours in advance of the meeting. Date: June 1, 2021 Agenda Item #: III. To:Mayor and City Council Item Type: Reports / Recommendation From:Chad A. Millner, P.E., Director fof Engineering Item Activity: Subject:Street Funding Discussion Discussion CITY OF EDINA 4801 West 50th Street Edina, MN 55424 www.edinamn.gov ACTION REQUESTED: None; discussion only. INTRODUCTION: Staff is looking for direction from the City Council on how to fund street reconstruction. Direction is needed to maintain the City's street reconstruction program as discussions with residents for the 2022 projects are starting soon. If direction is given, staff would return to a City Council meeting with suggested edits to the street reconstruction assessment policy. See attached staff report for recent background. ATTACHMENTS: Description Staff Report: Street Funding Discussion Street Reconstruction History Graphic Staff Presentation June 1, 2021 Mayor and City Council Chad A. Millner, P.E., Director of Engineering Street Funding Discussion at City Council Work Session Executive Summary: At the March 13, 2021 Council Retreat, staff reinforced that a decision is required on a permanent funding solution this summer otherwise the street reconstruction program may be paused. Questions that need to be answered 1. What is the post-transition funding breakdown? Percent assessed vs funded by taxes. 2. What is the transition plan? How many years (6-, 11- or 16-years). 3. What is the change management plan? TBD based on #’s 1 and 2 above. March 13, 2021 City Council Retreat Summary: Staff heard council members needed more information on the following topics. 1. How does Minneapolis and Bloomington pay for streets and how did they transition? 2. How many of Edina streets have been reconstructed? 3. Review the laws on refunds and taxing properties differently if they were previously assessed or not. We also heard and want to confirm the following. 1. Assessments will be part of the funding structure long term. 2. Assessment percentages were between 0% and 50% assessment. Comments supported 25% range. 3. Transition time support between 6 and 11-years. STAFF REPORT Page 2 Questions that need to be answered 1. What is the post-transition funding breakdown? Percent assessed vs funded by taxes. 2. What is the transition plan? How many years – 6, 11 or 16-years. 3. What is the change management plan? Information / Background: On April 6, 2021, the City Council revised the assessment policy to align with the recommendations of the Street Funding Task Force. Those revisions removed subcuts and public retaining walls immediately from street reconstruction assessments for 2021 Projects. Staff reinforced that a decision is required on a permanent funding solution this summer otherwise the street reconstruction program may be paused. Noted in the table below are the recent dates where street funding was discussed. Dates of Recent Street Funding Discussions May 2020 Street Funding Task Force Appointed November 2020 Council Work Session with Task Force January 2021 Community Engagement on Task Force Recommendations March 2, 2021 Council Accepts Task Force Final Report & Recommendations March 13, 2021 Council Retreat to Discuss Street Funding April 6, 2021 Council Revised Assessment Policy to remove subcuts and public retaining walls June 1, 2021 Council Work Session to Discuss Street Funding Legal Review: Council members have had questions on refunds and taxing. City Attorney David Kendall and Attorney Jay Lindgren will discuss legal opinions on those topics. STAFF REPORT Page 3 Financial Analysis: Options #1 and #2 in the table below are the original recommendations from the Task Force. Option #3A and #3B is what staff heard from council at the March Council Retreat. The difference between #3A and #3B is the transition time of 6-years or 11-years. Table 1. ESTIMATED Funding Option Impacts to Assessments, Levy & Taxes Impact to City Tax Levy Impact to Taxes Paid by Median Value House (5) % Reduction in Special Assessments by Year Annual $$$ Increase in Levy (3) Annual % Increase in Levy (3) Annual $$$ Tax Increase to Median Value House (1)(3) Annual % Tax Increase to Median Value House (1)(3) Option # 1 (TASK FORCE REC) - 50% Special Assessments / 50% Tax Levy Dollars transition over 16-years Year 1 21.1% $950k (2) 2.3% $37.90 2.46% Year 2 - 16 1.9% $100k -$211K (4) 0.2% $4.28 0.28% Option # 2 (TASK FORCE REC) - 100% Tax Levy Dollars transition over 16-years Year 1 21.1% $950k (2) 2.3% $37.90 2.46% Year 2 - 16 5.3% $260K-$510K (4) 0.6% $10.49 0.67% Option # 3A - 25% Special Assessments / 75% Tax Levy Dollar transition over 6-years Year 1 21.1% $950k (2) 2.3% $37.90 2.46% Year 2 - 6 10.8% $513K-$598K (4) 1.2% $20.49 1.33% Option # 3B - 25% Special Assessments / 75% Tax Levy Dollar transition over 11-years Year 1 21.1% $950k (2) 2.3% $37.90 2.46% Year 2 – 11 3.6% $2184K-$370K (4) 0.4% $7.34 0.48% (1) Increase on City portion of property tax levy only. Median Value Home = $551,300 (2) $950,000 is an estimated subcut amount for year 1. (3) All values are estimates with a 2% annual inflation factor. Estimated impacts are related to the future market value of the city. Increases or decreases in market value will impact the values shown in the table. STAFF REPORT Page 4 (4) The ranges reflect the estimated impact of the decrease in assessments and impacts of inflation during the transition period. Typically, the levy increases gradually during the transition period to account for these forces. (5) See Informational Flyer on Proposed 2020 City of Edina Tax Levy in Appendix N for a Comparison of 2019 City Property Tax to other Cities. Neighboring City Policy’s: At the council retreat, members referenced that the policies of Bloomington and Minneapolis could be a source of information for staff to consider as we determine the direction of street funding and a transition plan. Summaries for each city is provided. City of Bloomington • Prior to 1993, projects were assessed 100% and only if residents petitioned – limited projects occurred. • Transition was easy because rare to have projects at 100%. • 1993 25% assessments for street reconstruction on residential properties. • 1993 50% assessments for street reconstruction on other property classes including churches. • Two assessment classes with and without curb and gutter. • Range of assessments are $4,000 to $8,000 – the higher are assessments without curb and gutter. • 10-yr pay back – 30% - 40% pay off right away. • 1 legal challenge from an attorney representing self – not against the amount but against the legality of the statue and system – city won. • Benefit letters are completed to justify assessment. • Remaining funding is general levy tax dollars. • Franchise fees are used for pavement maintenance of trails, street seal coats, and street mill and overlays. City of Minneapolis • They use a Uniform Assessment Rate (UAR) for street reconstruction. • UAR is calculated yearly based on all bids received for street reconstruction. • Assessments for street resurfacing and reconstruction projects are based on the square footage of your lot multiplied by UAR. • Assessments for alley resurfacing and reconstruction projects are based on the total square footage of your lot multiplied by UAR. • Assessments are spread over a 5, 10 or 20-year term (depending on the project) and collected through property taxes. Street construction assessments are collected over a 20-year term. Street resurfacing assessments are collected over a 5-year term. Alley construction assessments are collected over a 10-year term. Alley resurfacing assessments are collected over a 5-year term. • Typically $4,000 for signal family homes, trying to be in the 20-25% range of the project cost but can range from 10% - 35%. • $0.88 per SF residential, $2.66 per SF non-residential. • Taxes cover remaining costs. • 1960’s – 1970’s policy was 25% of project costs. STAFF REPORT Page 5 • 1980 Uniform assessment rates. • 1998 added influence areas. • Some legal challenges mostly on non-residential properties. • Street maintenance UAR is a fraction of the street reconstruction UAR. City of Edina Street Reconstruction Background: In 24 years, 83 of the 164 miles of local streets (or ~51%) have been reconstructed and funded by special assessments. If this pace continues, all local streets will be reconstructed in a period of 50 years. Although many of these streets were initially constructed in the 1950s and 1960s with a design life of 30 years, many have surpassed their intended design life. Our goal with the street reconstruction program is to level out annual street reconstruction needs to better align with an industry-standard 50-year design life. In 19 years, 14 of 42 miles of Municipal State Aid (MSA) designated streets (or ~33%) have been reconstructed and funded by a combination of MSA and special assessments. Current funding allows 0.5 mile of MSA reconstruction every year. At this pace, it will take 56 years to reconstruct the remaining 28 miles of MSA designated streets. This is a concern. A graphic of the recently completed street reconstruction is attached. !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!HWY 16978TH ST W VALLEY VIEW RD VALLEY VIEW RD DEWEY HILL RD 76TH ST W 70TH ST WGLEASON RD58TH ST W 54TH ST W 50TH ST W 4 4 T H S T W MALONEY AVE INTERLACHEN BLVD YORK AVE S66TH ST W 70TH ST W CAHILL RDXERXES AVE SFRANCE AVE SVER N O N A V ESCHAEFER RDBLAKE RDGLEA S O N R D §¨¦169 §¨¦169 §¨¦62 §¨¦62 §¨¦100 §¨¦100 INTERLACHENCOUNTRYCLUB VANVALKENBURGPARK BREDESENPARK BRAEMAR PARKGOLF COURSE FRED RICHARDSPARK EDINACOUNTRYCLUB City of EdinaRoadway Reconstruction History 1998 - 2020 Engineering Dept.May 2021 Legend µ 19981999 2000200120022003200420052006200720082009 2010201120122013201420152016201720182019 2020!!!!! The CITY ofEDINAStreet Funding Discussion City Council Work Session June 1, 2021 The CITY ofEDINA 1.Funding Breakdown -% Assessed vs % Taxes –25% Assessed 2.Transition Period –6 or 11-years 3.Change Management Plan –TBD after #1 & #2 www.EdinaMN.gov 2 Discussion Topics The CITY ofEDINA 1.Minneapolis 1.~20-25% Assessments since 1960’s with some small changes 2.Bloomington 1.~25% Assessments Residential in 1993 2.~50% Assessments for Other Property Classes in 1993 www.EdinaMN.gov 3 Background The CITY ofEDINA 1.Edina Street Reconstruction History –See Map 1.Local –83 of 164 miles (51%) 2.Municipal State Aid (MSA) –14 of 42 miles (33%) www.EdinaMN.gov 4 Background The CITY ofEDINA www.EdinaMN.gov 5 Background The CITY ofEDINA 1.Legal Review –Refunds and Taxing 1.David Kendall –City Attorney 2.Jay Lindgren –Dorsey & Whitney Attorney www.EdinaMN.gov 6 Background The CITY ofEDINA 1.Comments from March Council Retreat 1.25% Assessed vs 75% Taxes 2.Transition Period –6 or 11-years www.EdinaMN.gov 7 Funding Discussion The CITY ofEDINA25% Assessment / 75% Taxes Transition Period % Reduction in Special Assessments by Year Annual $$$ Increase in Levy Annual % Increase in Levy Annual $$$ Tax Increase to Median Value House Annual % Tax Increase to Median Value House Year 1 21.1%$950k (2)2.3%$37.90 2.46% Year 2 -6 10.8%$513K-$598K (4)1.2%$20.49 1.33% Year 1 21.1%$950k (2)2.3%$37.90 2.46% Year 2 –11 3.6%$2184K-$370K (4)0.4%$7.34 0.48% www.EdinaMN.gov 8 The CITY ofEDINA •Step 1: Complete for 1-yr: Removed subcuts and retaining walls (April 6) •Step 2: Revisit final street funding decision with 2022/2023 Budget Ideally direction tonight for a change in policy prior to 2022 Projects •Questions www.EdinaMN.gov 9 Discussion