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Special AssessmentsCITY MANAGER'S OFFICE Michael D. Schrage Deputy City Manager 300 West Ash • P.O. Box 736 Salina, Kansas 67402 -0736 ti Salina MEMORANDUM TO: Salina City Commission FROM: Mike Schrage DATE: July 11, 2013 SUBJECT: Special Assessment Study Session TELEPHONE • (785) 309 -5700 FAX (785) 309 -5711 TDD (785) 309 -5747 E -MAIL • mike.schrage(d- salina.org WEBSITE • www.salina- ks.gov Pursuant to the City Commission's July 8, 2013 vote to institute a 90 -day moratorium on residential special assessments and request of staff to schedule study session discussions of the City's special assessment policy, staff has prepared the attached discussion outline and is gathering the necessary information to facilitate the requested study sessions. Recognizing that elected officials, as well as members of the development community, may have varying levels of understanding of special assessments, the outline is intended to be informational /educational with considerable background information. Time will be set aside at the end of each outline topic for questions and answers. Discussion of policy considerations has been left as the last item in order to provide the opportunity to fully present and discuss special assessment prior to proceeding to policy discussions. Due to the urgent nature of the request for study session discussions, this topic has been added to the subjects intended to be discussed at the July 15th & 22nd study sessions. SPECIAL ASSESSMENTS DISCUSSION OUTLINE 1) Special Assessments Overview a) What are Special Assessments? b) What can be financed with Special Assessments? c) Types of Special Assessments 2) Special Assessment Process — Statutory 3) Special Assessment Policy — Resolution 89 -4066 4) Construction & Reimbursement Process(es) 5) Special Assessments in Salina a) Total Debt b) Special Assessment Debt c) Principal Amount Outstanding d) Development Map(s) 6) Land Use Planning & Development Considerations in Salina 7) Use of Specials in Other States & Communities 8) Comparison to Private Financing 9) Risks of Default 10) Growth & Redevelopment Management Tools 11) Policy Considerations