HomeMy WebLinkAbout1992-07-14 - AGENDA REPORTS - GV ASSMT DIST (2)AGENDA REPORT
Item to be presented by:
UNFINISHED BUSINESS
DATE: July 14, 1992
SUBJECT: Golden Valley Assessment District
DEPARTMENT: City Manager
Ken Pulskamp
We were informed on Thursday morning, July 9, 1992, that the developers are
not able to come up with the sureties that guarantee the shortfall between the
assessed valuation and -the City's 3:1 value to lien ratio. Staff is
evaluating this situation and cannot, at -this time, recommend that the Council
take action on the formation of the Golden Valley District.
Recommendation
Direct staff to continue negotiations with the developers and present a full
report with options to the City Council within 60.days.
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