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4.10 2024-2025 Assessment Services Agreement with Wright County Request for City Council Action DEPARTMENT INFORMATION ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Administration City Administrator/Finance Director Flaherty January 9, 2023 PRESENTER(s) REVIEWED BY: ITEM #: Consent City Attorney Kendall 4.10 – Assessment Services STRATEGIC VISION MEETS: THE CITY OF OTSEGO: X Is a strong organization that is committed to leading the community through innovative communication. Has proactively expanded infrastructure to responsibly provide core services. Is committed to delivery of quality emergency service responsive to community needs and expectations in a cost-effective manner. Is a social community with diverse housing, service options, and employment opportunities. Is a distinctive, connected community known for its beauty and natural surroundings. AGENDA ITEM DETAILS RECOMMENDATION: City staff is recommending that the City Council approve an Assessment Services Agreement. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? Yes No BACKGROUND/JUSTIFICATION: The City of Otsego contracts with Wright County for annual assessment services through a formal Assessment Services Agreement. This agreement would provide for 2024 and 2025 property assessment services, which relates to taxes payable in 2025 and 2026. The Wright County Board has offered the assessment services agreement with no change in rates when compared to the current agreement. For reference, here is a summary of rates by year and respective actual costs and/or budget amounts. The 2024 and 2025 budget amounts are not forecasted as they will depend on the amount of new development which would increase the number of parcels, and respectively the cost. 2018 $11.50 $101,911 (Actual) 2019 $12.00 $112,976 (Actual) 2020 $13.00 $125,118 (Actual) 2021 $14.00 $139,898 (Actual) 2022 $14.00 $151,608 (Actual) 2023 $15.00 $166,875 (Budgeted) 2024 $15.00 TBD – Will depend on number of parcels. 2025 $15.00 TBD – Will depend on number of parcels. City Attorney Kendall has reviewed the Assessment Services Agreement and had no comment. This information was presented to the Administrative Subcommittee at the December 7, 2022, meeting, with recommendation for future consent agenda consideration by the City Council. SUPPORTING DOCUMENTS ATTACHED: • Memo – Tony Rasmuson, Wright County Assessor • Assessment Services Agreement POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES: Motion to approve the 2024 - 2025 Assessment Services Agreement between the City of Otsego and Wright County. BUDGET INFORMATION FUNDING: BUDGETED: General Fund – Assessor Department (41550) Yes