01-22-2014 Council Agenda - Laserfiche WebLink

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assessment rate per front foot. The City Council previously approved a capped rate of $65.25 per assessable foot for 2014. Municipal Watermain Extension It has been City practice in the past to assess benefitting properties for the initial installation of the municipal water system into areas that do not currently have service. Similar to the street policy the City has set a capped per unit rate for watermain service and it has been increased yearly to adjust for inflation. For 2014 staff is recommending a rate of $7,100.00 per service. • AUSTRALIAN AVENUE Street The total street project cost for the reconstruction of Australian Avenue including street and storm sewer improvements is estimated at $255,000.00. There are 9 properties along Australian Avenue that would be assessed for a total of 721.80 front feet. As stated above, the maximum residential street assessment is capped at $65.25 per front foot, which results in an actual assessable amount of $47,097.45. It should be pointed out that the Gopher Electric property, 222 Little Canada Road, is off the end of the Australian Avenue right -of -way. They do not currently have access to Australian Avenue and due to the grade difference it would be difficult for them to access the street without significant impact to their parking lot. There is also a question if they would be allowed to access Australian Avenue if they were to request it. At this time we are showing assessing the property based on its actual front footage and the residential rate. This is similar to what was done on the commercial properties along Condit street when it was reconstructed. Watermain The total cost of the proposed watermain extension along Australian Avenue is estimated at $63,000.00. The two properties adjacent to Lakeshore Avenue and the Gopher Electric site already have municipal water service from other mains, therefore there are 6 properties that would be assessed for the watermain improvements. We are recommending a maximum watermain assessment rate of $7,100.00 for properties that do not currently have water service and would ask Council to provide input on that amount. This rate would result in $42,600.00 of assessable cost for the watermain installation. • SCHLETTY DRIVE Street The total street project cost for the reconstruction of Schletty Drive is estimated at $408,000.00. There are 22 residential properties along Schletty Drive that would be assessed for a total of 2,298.22 feet. Due to the odd shaped nature of several of the lots along Schletty Drive, City staff is proposing that a unit assessment of $6,408.50 per lot be applied to all adjacent properties. The corner lot with two frontages along Schletty Drive is proposed at 1.2 units to account for the standard method of assessing 100% of the front side and 20% of the side frontage on a corner lot. It should also be pointed out that 540 Schletty Drive has the ability to subdivide the property creating a additional lot. As such they are receiving 2 street unit assessments with the ability to defer the second assessment until the lot is developed. If the lot is never developed the assessment will never become due. When the City's Street Assessment Policy is applied to the project costs, the total assessable cost to the adjacent property owners is $149,958.92. -8. 12