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WCMtl( . fSSOCI11M <br />Memo <br />TO: Mayor Blesener & Members of the City Council <br />FROM: Lee Elfering, City Engineer <br />DATE: November 8, 2013 <br />RE: 2014 Proposed Assessments & Informational Meetings <br />As has been our past practice, informational meetings are being held with residents <br />adjacent to proposed street improvements to be completed in 2014. At these meetings <br />we explain the anticipated improvements and costs to gauge resident acceptance of <br />each project. An important piece of the cost information provided to the residents at the <br />meeting is an estimate of the assessable cost that they would pay. <br />Since the adoption of the City's assessment policy, a maximum capped assessment rate <br />per front foot has controlled the assessable portion of a reconstruction project. In the <br />past the maximum assessment rate has typically been increased between 0 -3 percent <br />annually in an attempt to account for inflation. The last reconstruction project that was <br />completed was in 2013 and the maximum capped residential assessment rate was <br />$63.35 per assessable front foot and the commercial rate was $126.70 per assessable <br />front foot. <br />We would anticipate a standard increase in construction costs for this coming year and <br />therefore staff is recommending a 3% increase be applied to the maximum assessment <br />rates bringing that number to $65.25 for residential property and $130.50 for commercial <br />property. <br />At this time we would like to request council input and /or approval on the capped rates <br />so that accurate information can be provided to those attending the informational <br />meetings. We would also like the City Council to authorize the informational meetings <br />for Schletty Drive south of Little Canada Road and Australian Avenue east of Lakeshore <br />Drive. If you have any questions please feel free to call me at 763- 780 -0450. <br />10062 Flanders Court NE — Blaine, MN 55449 — (763) 7800450 fax (763) 780-0452 <br />Z3PROJ\120172E - 2014 Street & Utility Improvements \00301Memo-110813 -CC (2014 Assessment Rate).doc <br />