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02-23-2004 Council Special Agenda
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02-23-2004 Council Special Agenda
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2004 Street & Utility Improvements Page 5 <br />City of Little Canada <br />ASSESSMENT POLICY <br />❑ Street <br />➢ Residential Formula for Upgrade to Urban Section <br />• Assessed at 85% of Street Reconstruction Costs Based on: <br />— 8 "/3" Urban Section <br />• 8 Inch Sub -cut <br />• 8 Inches of aggregate base <br />• 1 1/2 Inches of bituminous base <br />• 1 1/2 Inches of bituminous wear <br />Width not Exceeding 30 -feet <br />Concrete Curb and Gutter <br />• 0% of Storm Sewer Assessed <br />• Maximum Street Assessment Rate of $51.50 per front foot <br />• Front Footage <br />• 75 -foot Minimum if Main Access is to Street <br />➢ 125 -foot Maximum for a Single Non - dividable Residential Lot <br />➢ Odd Shaped Lot <br />• Square foot area divided by 10,000 square feet multiplied by 75 feet <br />➢ Side Lot <br />• 20% of front footage <br />❑ Convert to a Unit Assessment for Equity Based on Maximum Assessable Amount <br />➢ $5,351.81 Per Unit/Lot <br />-15- <br />
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