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o It was asked to clarify how the dollar amount for the proposed assessment was <br />figured. Mr. Elfering explained the City's assessment policy again and further <br />clarified how the formulas are applied. Mr. Hanson also said that the City pays <br />for approximately 60 -70% of a residential street reconstruction project, with the <br />remainder being paid through the property assessments. <br />Mr. Elfering remarked that if your parcel is located inside a commercial zone it <br />will be assessed as if it was a commercial property. If the parcel is being used <br />residentially the assessment due immediately would be the residential amount for <br />that parcel. The remainder of the assessment would not become due until the <br />property owner converted or sold the parcel for a commercial use. This <br />remainder due would accrue interest until paid. If the parcel were never <br />converted to a commercial use then this remaining assessment amount would <br />never become due. <br />a The owner of Quebec apartments asked why they are being assessed at a higher <br />rate when they don't have any access to the street. The City Administrator stated <br />that we are following the assessment policy, but this issue will be noted for <br />discussion by the City Council. (This impacts Quebec Apartments, the two <br />buildings owned by Dick Biagini, and possibly Kandice Heights I.) <br />When asked if the project should move forward there was one vote for yes and most <br />others simply indicated that they did not want the trees to be lost. <br />It was decided at this meeting that another meeting showing possible trees impacts <br />and different typical sections for Condit Street should be held. This meeting will be <br />held prior to the next Council meeting on December 191h. <br />The Condit Street property owners were thanked for their participation. <br />5 <br />