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The City Council increased the capped commercial assessment rate 3% from the <br /> 2009 rate to a rate of $121.73 per foot for 2010. A preliminary assessment roll <br /> has been prepared and is shown in Appendix B. Table 3 below summarizes the <br /> total project cost that will be borne by the City and the cost that will be assessed <br /> to the benefited properties. <br /> Table 3 <br /> • • <br /> Rice Street $670,000.00 $407,567.16 61% $262,432.84 39% <br /> <br /> XII. SUMMARY <br /> The project is feasible from an engineering standpoint and meets all standards set forth <br /> by the City. The reconstruction and rehabilitation of this portion of the Rice Street <br /> corridor including the bridge and TH 36 interchange would be another step in improving <br /> the street infrastructure within Little Canada. <br /> <br />