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� property and the lot across the alley. As a result of going taY forfeit the $3,350 assessment has not been recovered by the City. In 1996 the previous property owners requested the City Council waive any interest or penalties on the assessment and collect only the principle amount of$3,350 on the vacant lot, with the condition that the tax forfeit parcel be legally combined with the 500 Hanlon Avenue parcel. The Council did agree to collect only the principle amount of the sewer assessment, however, the owners did not purchase and join the lot. ; � The Bennetts have contacted Hennepin County regarding purchase of the tax forfeit parcel. They ' i would be able to purchase the lot by placing a bid on the property. The applicant would then ! approach the Council about the outstanding assessments placed on the lot. It would be up to the Council to decide how much to assess the property for. In 1996 the Council waived any penalties against the original assessment and agreed to reassess at $3,350 to be paid at 7% interest over 5 � years. � The applicant has the following options to consider: � A. To proceed with the application as presented last month, not acquiring the tax forfeited lot. i (Please see attached Staff Report) Total Lot Size Total Structural Coverage Percentage � 6,473 s.f. Existing: 1,565.27 s.£ 24% Proposed: 2,011.67 s.£ 31% j B. To acquire the tax forfeited lot to decrease the structure over the entire lot. Total Lot Size Total Structural Coverage Percentage. , 6,473 s.£ Existing: 1,565.27 s.£ 24.0% '— *�5 s.f. Proposed: 2,011.67 s.£ �% a _, Ms� �;i. The lot would conform to allowed lot coverage by structure. This would be subject to the applicant acquiring the lot and legally joining that the tax forfeit parcel with the 500 Hanlon Avenue parcel. Variances from setback requirements would have to be approved by the City Council. 1. Side yard adjacent to street setback requirements. 17' is proposed to Dickenson Street where 50' is required. 2. Side yard setback requirements. 8.9' is proposed where 30' is required. 3. Rear yard setback requirements. 11.9' is proposed where 50' is required.