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APPENDIX A <br />CITY OF LINO LAKES <br />PUBLIC IMPROVEMENTS FINANCING POLICY <br />SPECIAL ASSESSMENTS PROCEDURES <br />1. PROJECT COST SUMMARY <br />After a project is 850 to 100% completed, the City Engineer shall <br />prepare a project cost summary using the data from the project cost <br />data report prepared by the City Clerk. The summary wi l I include al 1 <br />project expenses including but not limited to: <br />A. <br />Construction Costs <br />Publication Costs and Permit Fees <br />Legal Fees <br />Engineering Costs <br />. Administration Costs in <br />Resolution 84 -4. <br />accordance <br />with <br />the City Council <br />Capitalized, Interest. Capitalized interest shall be .computed at <br />the rate of the. bond sale from the-date of the bond sale to the <br />date .the assessment roll is approved by the City Council. Any <br />interest earned M on.�,;investment of the bond proceeds shall be <br />deducted'from'the° above amount. <br />Bond sale expenses including bond attorney fees, bond consultant' <br />fees, and printing costs. <br />• Aerial photo cost recovery in accordance with City Council <br />Resolution 87 -76. <br />After the proJect summary is reviewed and approved by the City Clerk, <br />the City Engineer shall' prepare a proJect assessment roll. The project <br />assessment roll shall include the trunk sewer and water area charge and <br />the connection charge for sewer and water. The .SAC charge payable to <br />the Metropolitan Waste Control Commission shall be collected at the <br />time the building permit;Is issued. <br />2. PROCEDURE FOR ASSESSMENT OF PARCELS ADJACENT TO TRUNK WATER AND SEWER <br />City policy is to not assess area charges and connection charges for <br />sewer and water until the benefitted property owner requests connection <br />to the utility. In those areas where a property abuts a trunk sewer or <br />a trunk watermain and no assessment has been made against the property, <br />the property owner may connect to the trunk main and pay the current <br />area charge and connection charge. A front footage charge will also be <br />assessed based on the weighted average of all equivalent proJect <br />assessments for the "past three years adjusted by the ENR Cost Index. <br />1 -11 -88 <br />-10- 7777 -007 <br />