12-19-2001 Council Agenda - Laserfiche WebLink

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Howard R. Green Company Feasibility Study Project No. 815920J 2002 Street Reconstruction and Utility Improvements Little Canada, Minnesota is suggested that the maximum assessment for watermain be set at $5,340.85 per lot for this project. D. INDIVIDUAL PROJECT • ELI ROAD /DESOTO STREET The estimated cost for the proposed reconstruction of Eli Road and Desoto Street is $447,100. When the City Assessment Policy is applied to this project, the maximum assessable cost to the abutting property owners would be $228,700.00. There are 14 lots along Eli Road and 7 lots along Desoto Street with a total assessable front footage of 3,353.50 feet. When the assessable project cost is divided by the total assessable front footage, the cost per front foot would be $68.20. This is above the maximum assessable cost of $48.50 per front foot; therefore, the assessment rate would be $48.50 per front foot. The School, Spooner Park, and Townhome apartments along Labore Road will be assessed at a maximum commercial rate of $86.75 per front foot. The table at the end of this section summarizes the cost of the project that will be borne by the City and the amount assessed to abutting properties. A preliminary assessment roll has been prepared and is shown in Appendix C. Costs for the sanitary sewer repairs will not be assessed to the properties but will be borne entirely by the City. • SEXTANT AVENUE The estimated cost for the proposed reconstruction of Sextant Avenue is $287,000.00. When the City Assessment Policy is applied to this project, the maximum assessable cost to the abutting property owners would be $38,933.80. There are five lots along Sextant Avenue with a total assessable front footage of 579.18 feet. Due to the small number of lots it was determined that the most equitable method of assessment was to assess each property an equal amount. When the assessable project cost is divided by the total assessable front footage, the cost per front foot would be $67.22. This is above the maximum assessable cost of $48.50 per front foot; therefore, the assessment rate would be $48.50 per front foot. The rate of $48.50 was multiplied by the total assessable street front footage then divided by the number of assessable lots to determine an assessment per lot. The table at the end of this section summarizes the cost of the project that will be borne by the City and the amount assessed to abutting properties. The cost of the proposed watermain extension along Sextant Avenue is estimated at $47,000. The maximum assessable cost for the watermain extension is estimated at $47,000. There are four properties along Sextant Avenue that would be assessed for the watermain extension. As stated in the City's Watermain Assessment Policy, watermain costs are assessed on a per lot basis with a maximum assessment of $5,340.85. When the assessable cost is divided by the four properties, the assessment rate would be $11,750.00 per lot. This is more than the maximum assessment rate and therefore the assessment would be the maximum rate of $5,340.85 per lot. A 10 PAGE 182