Ordinance 654 - Laserfiche WebLink

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. . . overlays may request the new posts and installation, which will be added to the cost of the project. SECTION II, Chapter 202.09, Subdivision 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, anyone or a combination of these methods may be utilized to arrive at an appropriate cost distribution. City staffwill consider all methods and weigh their applicability to the project and present a recommendation 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 (Section III) will identify the appropriate matchup of method with a specific type of project and analyze why each is generally used. The purpose of assessment formulas is to allocate assessed costs among benefited properties, the formula should result in an allocation of assessments which is reasonably related to the benefit received, Anyone predetermined formula will not be appropriate in all cases because of circumstances unique to the relationship between the specific project and the specific properties benefited. When considering an assessment method or formula for any given project, it may be necessary to combine assessment methods or to modify the methods described below, Therefore, the following description of methods of assessments should be regarded as guidelines, which may not be appropriate in all cases. b. Unit Assessment: A unit assessment shall be derived by dividing the total project cost by the number of Residential Equivalent Density (RED) units in the project area. A RED unit is defined as a single family residential unit. All platted and unplatted property will assigned RED unit values equivalent to the underlying zoning. When the existing land use is less than the highest and best permitted use, the Council may consider the current use as well as the full potential of land use in determining the appropriate number of RED units. Otherwise, the following RED chart will apply on a per unit basis, subject to adjustment by the Council for any inequities: Single Family Duplex 1.00 RED 1,00 RED 4