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,2 7 %' ce(xnee44, <br />515 Little Canada Road, Little Canada, MN 55117-1600 <br />(651) 766 -4029 / FAX: (651) 766 -4048 <br />www, ci.little-canada. mn. us <br />MEMORANDUM <br />TO: Mayor Fahey and Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: December 10, 2004 <br />RE: Increase in Maximum Assessment Rates <br />MAYOR <br />Michael L Fahey <br />COUNCIL <br />Jim LaValle <br />Matt Anderson <br />Rick Montour <br />Hill alesener <br />ADMINISTRATOR <br />Joel R. Hanson <br />In preparing the Feasibility Study for 2005 Street Reconstruction and Utility Improvements, the City <br />Engineer and staff reviewed the City's current assessment rates. Based on this review, staff is <br />recommending the following increases: <br />Maximum Residential Street Rate <br />Maximum Commercial Street Rate <br />Current Proposed <br />$51.50 <br />$105.00 <br />$53.05 /per front foot <br />$108.15 /per front foot <br />The increases proposed are based on a three percent inflation rate. It should also be noted that we are <br />not recommending an increase in the water main cap at this time as it does not appear the Carla Lane <br />project will approach this amount, if it proceeds. <br />