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AGENDA <br />LITTLE CANADA CITY COUNCIL MEETING <br />- 1 -25 -84 <br />CONTINUED <br />PRESENTATIONS <br />6. ASSESSMENTS FOR PARK ST. Tape no. to <br />Pertaining to Lake St. <br />Mr. Donald Behr. <br />Mr. Behr's lot, parcel 53- 55000- 010 -07 was assessed for 131 ft. <br />The section map indicates that only 101 ft abuts Park St. <br />The assessment appears to include 30 ft from lake St. as if it were <br />vacated. The following -3- parcel were assessed the same way. <br />Parecels= 53- 55000- 231 -08; 53- 55000- 250- 05 - & -53- 55000 - 100 -09. <br />THE COST OF 30 FT FOR ONE LOT IS AS FOLLOWS <br />CommerciaL LOT <br />Water 30 ft at $ 23.74 pr ft = <br />Sewer 30 ft at $ 17.59 pf ft = <br />Road ( com) 30 ft at $ 74.80 pr ft = <br />Curb 30 ft at $ 5.73 pr ft = <br />$ 712.20 <br />$ 527.70 <br />$ 2,244.00(54.63 ) <br />$ 171.90 <br />Total $ 3,665.80 <br />Interest over 10 yrs at 10 % (app) _ $ 2,500.00 <br />$ 6,165.80 <br />RES. LOT <br />$ 712.20 <br />$ 527.70 <br />$ 1,629.00 <br />$ 171.90 <br />$ 3,040,80 <br />$ 1,825.00 <br />4,8 6580 <br />-2- parcels Commercial = 5 7,331.60 Interest on parcels= $ 5,000.00 <br />-2- parcels residential= $ 5,088.20 interest on parcels= $ 3,650.00 <br />4' 13,419.80 $ 8,650.00 <br />Total valuse of having lake strret vacated as it pertains <br />to Park St. Imp. 81 -3- Princiipal = $ 13,419.80 <br />Interest = $ 8,650.00 <br />_ $ 22,069.80 <br />A: If the assessment are to remain- Lake St. must be vacated. <br />B. If Lake St. is not vacated, assessment are to be amended, <br />and the city picks up the $ 22,069.80 ( over the 10 year period) <br />C. If City desires to use this street for park purpose, then parks <br />dept. should pick up this assessment. <br />Note: when Ruth St. was assessed , we assessed the improvement as if <br />Lake St. were vacated. ( The street was vacated latter on) <br />Page- 4 - <br />