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• • Draft Draft 04 -18 -2005 Draft property. This policy applies to all streets that are the responsibility of the City. 2. The maximum assessment rate for the reconstruction of previously paved streets shall be determined according to Section VIII of this policy. 3. Assessments shall not exceed any of the following: (a) the special benefit to the property being assessed; (b) the total project cost. (c) the maximum assessment rate. 4. Project cost includes both direct construction costs, including land acquisition, and all indirect costs such as engineering, legal, fiscal and administration. Method of Assessment The City Council, shall assess street improvements on the basis of a Lot /Unit assessment. The Lot/Unit assessment shall be calculated as follows: 1. Rural, Single Family, Two Family Residential Districts. (a) One half of the total cost of the improvements shall be divided by the total front footage for the improvement. The quotient of this shall be the Calculated Assessment Rate. (b) The Calculated Assessment Rate shall be compared to the Maximum Assessment Rate, as provided for under this policy and the lesser of the two shall be the Assessment Rate. (c) The Assessment Rate shall be multiplied by the minimum required lot width of the respective zoning district that applies. The product of this shall be the Lot/Unit Assessment (d) Exceptions. Where parcels in Rural Zoning Districts have less than the minimum required lot width they shall be evaluated under the lot width requirements of the most applicable single family district. ii. Where parcels within zoning districts have less than the minimum required lot width of the respective district the Lot /Unit Assessment shall be calculated by multiplying the individual lot width by the Assessment Rate. Pavement Management Policy 4 05/02/05 -212-