Ordinance 600 - Laserfiche WebLink

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. multiplied bv the unit cost of $1,200.00 per acre to a maximum amount of three (3) acres or $3,600.00. The remaining cost will be paid for by the Surface Water Utility and/or by an ad valorem property tax paid by the entire conununity or by other funds that may become available to the City for infrastructure cost recovery. Should a prolect be initiated on a particular street that requires storm sewer laterals which would be connected to the trunk lines, the Surface Water Utility would fund these expenses. StonLl sewe:r :reCOl.tst:r uctior.t l.tonLlally takes place Logetl.te:r wi tl.t st:r eet :r econst:ruction proj ects ar.td tbe costs shall be assessed in acco:rdance witb tl.te asseSSILLer.tt policies :related to st:reet iILlp:roveILlents. Site specific iILtp:roveILLel.tts would be assessed at a or.te half (%) :rate, to tbe bel.tefittir.tg p:roperties. . I. Special Conditions. Special consideration shall be given to the "age" of a street or utility system when determining the proportion of cost to be assessed to benefitted properties. If it is necessary to reconstruct or resurface a street or perform major repair/replacement work on sewer and water utilities, before a reasonable amount of time (10 to 12 years for resurfacing, 12 to 17 years for partial reconstruction and 17 to 25 years for total reconstruction) the assessment shall be calculated on a pro-rated basis. The remaining cost shall be recovered by means of the general ad valorem property tax paid by the entire conununity or by other funds that may become available to the City for infrastructure cost recovery. Section II. Chapter 202.09 Subd 3 of the Mounds View Municipal Code is amended to Read: Subd.3 METHODS OF ASSESSMENT . a. The nature of an improvement determines the method of assessment. The objective is to choose an assessment method which will arrive at a reasonable, fair and equitable assessment which will be uniform upon the same class of property within the assessed area. The most frequently recognized assessment methods are: the unit assessment, the front footage assessment and the area assessment. Depending upon the individual project, any one or a combination of these methods may be utilized to arrive at an appropriate cost distribution. City staff will consider all methods and weigh their applicability to the project and present a reconunendation to the City Council in the form of a mock assessment roll (or rolls) . A description of each assessment and its corresponding policy application is presented. A separate section