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Gifford Gardens Update <br />January 30, 2020 <br />Page 3 <br />The current utility bill as of December 2019 is as follows: <br />Base Facilities Charges and Consumption: <br />Interest and Penalties: <br />Utility lien balance due: <br />$142,879.32 <br />$281,451.53 <br />$424,330.85 <br />The Property was never qualified for amnesty since the Property was previously <br />connected to the system. There are 55 water and 55 sewer Multi -Family Residential <br />ERUs. The monthly service availability charges are $1,206.81. The last inquiry on the <br />account was from a real estate agent requesting payoff information in 2016. <br />Impact Fee Information <br />The Property has impact fee credits tied to it for the demolished 55 multi -family units. The <br />dollar amount of the impact fee credits at any point in time is dependent upon the then <br />current impact fee schedule. <br />Currently, the Property has the following impact fee credits: <br />Land Use <br />Total Number <br />of Units <br />Current Calculated Impact Fee Credits by Impact Fee Category <br />Public <br />Buildings <br />Emergency <br />Services <br />LawParks <br />Enforcement <br />& <br />Recreation <br />Transportation <br />Educational <br />Facilities <br />Multi - <br />Family <br />55 <br />$11,495 <br />$9,955 <br />$13,695 <br />$42,185 <br />$150,810 <br />$36,760 <br />A few things to note with impact fees are that credits for pre-existing uses are specific to <br />each impact fee category and cannot be transferred to a different impact fee category. <br />Also, impact fees are tied to Property and are not transferrable to other properties. <br />Property Acquisition: Factors to Consider <br />The Property Appraiser lists the current value of the land at $62,271.00. In establishing <br />a value of the Property, the Board should consider that some impact fees have been <br />"grandfathered in" and would not have to be paid by a developer, however the value of <br />the impact fees is only realized when the owner actually builds upon the Property. <br />The Board should also consider the advantages to purchasing the Property at an arm's <br />length transaction rather than going through the foreclosure route. Any price for the <br />Property would be based in part on existing encumbrances on the property. While <br />purchasing the Property would obligate the County to pay the outstanding taxes and <br />11� <br />