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2008 Street Improvements Page 3 <br />City of Little Canada <br />ASSESSMENT POLICY <br />RESIDENTIAL. AND COMMERCIAL. <br />Y Both improvements would assess 100% of Project Costs to the adjacent <br />property owners. <br />• No capped assessment rates <br />• The assessed cost will go up or down dependent on bid prices. <br />For equity among properties of different uses, Commercial property <br />assessed at twice the rate of residential property <br />• Residential Rate = $51.51 or $27.66 per assessable front foot <br />• Commercial Rate = $103.02 or $55.31 per assessable front foot <br />Y Commercial properties with no access assessed at residential rate. <br />5 <br />