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VII. ASSESSMENT POLICY <br /> A. PURPOSE <br /> The assessment policy assures uniform and consistent treatment of <br /> properties affected by capital projects. <br /> B. POLICY <br /> The city will evaluate its assessment policy on properties benefitting from <br /> a capital project at the outset of each project. <br /> The city will provide a payment period with minimum interest rate of a 2.5 <br /> percent points over the debt payment rate for each project as follows: <br /> Streets Alley Reconstruction 10 years <br /> Storm Sewer 10 years <br /> Street Resurfacing 5 to 10 years <br /> Sanitary Sewer Water To be determined <br /> When several improvements are included in the same project, the <br /> assessment period will be 10 -20 years. <br /> The city will assess residential property at 45 percent of the project cost <br /> for infrastructure replacement and 100 percent for new improvements. <br /> VIII. RISK MANAGEMENT POLICY <br /> A. PURPOSE <br /> .he risk management policy assures proper insurance coverage of city assets <br /> while minimizing risk. <br /> B. POLICY <br /> The city will regularly analyze its insurance policies to assure proper <br /> coverage and deductibles on city assets. <br /> The city will maintain a risk except employee hospitalization, <br /> edur denta l Te life s <br /> and deductibles for the city P <br /> and long -term disability insurance benefits. <br /> The city will charge individual department activities for their related <br /> insurance cost. <br /> The Risk Management Eurancelliciese which (self-insure) city are <br /> not covered under ins P ol <br /> C. IMPLEMENTATION <br /> The city is a member of the League of Minnesota Cities Insurance Trust <br />