Anoka is moving ahead to complete a project left undone by a developer.
The Anoka City Council Monday held a public hearing to create a housing improvement district at Rivers Edge Townhomes.
This will allow the city to step in and finish paving the streets in the townhome development at the southwest corner of Highway 10 and Cutters Grove Avenue.
In 2007 the developer went bankrupt and the final lift of pavement was never completed, according to Darin Berger, housing coordinator with Anoka’s Housing and Redevelopment Authority.
The $40,000 paving project will be financed by the city and then paid for by the individual homeowners.
The cost to provide the final lift of asphalt will be added to each unit’s property taxes as a special assessment.
The proposal was supported by at least half of the development’s 32 townhome owners.
No residents spoke during a public hearing during Monday’s council meeting.
The council went on to approve first reading of an ordinance that will allow for the paving project. It will likely be finalized at the next regular meeting, May 6.
The debt will be repaid over 10 years with zero interest.
This is the first time Anoka has stepped in to do work in this type of situation, said Berger.
The city is able to do so through a law enacted by the Minnesota Legislature in 1996, which provides cities with the means to help homeowners associations and the owners of housing units within those associations pay for improvements to common areas of development.
Mandy Moran Froemming is at email@example.com