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01-23-2002 Council Agenda
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01-23-2002 Council Agenda
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EXHIBIT A <br />VOTO, TALTGES, REDPA.. , <br />CERTIFIED PUBLIC ACCOUNTANTS <br />Birch Lake Processional Building e 1310 F. Hwy. 96 ,e White Bear Lake, MN 55110 o Fax (612) 426 -5004 <br />m Phone (612) 426 -3263 <br />November 23, 1990 <br />Mr. Joel Hanson, Administrator <br />City of Little Canada <br />515 Little Canada Road <br />Little Canada, MN 55117 <br />Re: Special Report - Non Resident <br />Connection Charge - Schroeder Milk Co. <br />Dear Joel: <br />ROBERT I. VOTU, CP:A <br />ROVER! c;. TALI'GES. CP:A <br />}A?. E S S. RE PPM] -1. CPA <br />D- KENNETH GEORGE, CPA <br />DAVID I. ,VIOL, CPA <br />Pursuant to your request, I have re- calculated the non - resident connection charge for <br />Schroeder Milk Co. based upon my previous report and our meeting with Schroeder Milk <br />Co. on November 20, 1990. This Special Report and the attached schedule details the <br />assumptions and computations relating to this Connection Charge. <br />This project is substantially different from all past projects for the following reasons: <br />1. This projects contains existing development (which will be retained); new <br />development (in process); and, planned future development (sometime over the next <br />two to five years). <br />2. This project includes four separate parcels of land. Two of these parcels will be <br />used for the existing plus in- process development. The other two parcels are not <br />expected to be used for this project. However; should they be developed (as part of <br />this or other projects and connected to the City's Utility system); a connection <br />charge should be computed and effected. <br />3. The developer (Schroeder Milk Co.) does not have (and therefore has not provided) <br />an overall acquisition /construction cost summary for this project. All past <br />developments have involved complete projects from land acquisition to completed <br />facility in one single phase. <br />This projects starts with an existing facility which will be expanded over several <br />unspecified years and at yet to be determined costs. Accordingly, total projects costs <br />(especially future costs) must be estimated or projected at this time. Additionally, past <br />costs (i.e. existing land and buildings) must be valued at current values rather than <br />historical cost. <br />The formula developed for computing this connection charge is based upon the following <br />variables: <br />1. Lineal front footage of the property <br />2. Equivalent SAC Units <br />3. Fair Market Value (for real estate tax purposes) of the completed projects <br />MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS 0 PRIVATE COMPANIES PRACTICE SECTION <br />MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS <br />MUNICIPAL FINANCE OFFICERS ASSOCIATION eMINNESOTA ASSOCIATION OF SCHOOL, BUSINESS OFFICIALS <br />
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