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1 <br />CITY OF LITTLE CANADA <br /> <br />ASSESSMENT POLICY GOVERNING <br />STREET RECONSTRUCTION/REHABILITATION <br />Amended 4/2021 <br /> <br /> <br />PURPOSE: <br /> <br />This document sets forth the methods and policies relating to local street improvements <br />and special assessments practiced in the City of Little Canada. The procedures used by <br />the City of Little Canada for levying special assessments are those specified by <br />Minnesota Statutes, Chapter 429 which provides that all or a part of the cost of public <br />improvements may be assessed against benefiting properties. <br /> <br />It is emphasized that this document has been prepared based on circumstances and factors <br />known today. Without the opportunity to apply these policies to a wide variety of <br />projects such as commercial, industrial, multiple family, etc., it is recognized that <br />modifications may be necessary from time to time to ensure equitable treatment of <br />affected properties and the taxpayers in general. These adjustments could take the form <br />of City Council discretionary adjustments or formal amendment. Amendments to this <br />policy will be made by majority vote of the entire City Council. <br /> <br />It is the intent and purpose of this policy to create a permanent program to manage, <br />finance and implement the reconstruction of rehabilitation of the streets within the City of <br />Little Canada. This policy is intended to equip the City to adequately plan for the major <br />capital costs that will ultimately occur as the City’s existing streets age and deteriorate. It <br />is also the intent of this policy to create a financing and payment system that will be fair <br />and equitable to all property owners within the City during the future years as it becomes <br />necessary to reconstruct or rehabilitate the City’s street system. <br /> <br />The City Council shall also review proposed street projects relative to the need for <br />sidewalks/trails/bike paths when the project proposed is within a residential area. <br /> <br /> <br /> <br />SECTION I <br /> <br />DEFINITIONS <br /> <br /> <br />1. ASSESSABLE COSTS – Project costs minus any City and/or County share as <br />well as any other special credits which may apply. <br /> <br />2. CORNER LOT – A lot with frontages on two streets which are perpendicular to <br />each other.