Laserfiche WebLink
EXHIBIT "A" <br />VOTO, TAUTGES, REDPATH & CO., LTD. <br />CERTIFIED PUBLIC ACCOUNTANTS <br />l�tis. <br />1 Birch Lake Professional Building • 1310 E. H\ y, 96 • White I3ear Lake, MN 55110 • Fax 1611) 426 -5004 \ <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 />• Phone (61 2) 426-3263 <br />RI pN RE 1 U)I1). CI'\ <br />RUILKI G. r:\e IGES. Cr.\ <br />IA.MLS . K(UP:VH. CPA <br />1) AI.N.NUII GEORGE. CPA <br />1) -AA In 1. UUL. 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 • PRIVATE COMPANIES PRACTICE SECTION <br />MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS <br />MUNICIPAL FINANCE OFFICERS ASSOCIATION • MINNESOTA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS <br />Page 42 <br />