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Residential Equivalent Density (RED) units in the project <br /> area. A RED unit is defined as a single family <br /> residential unit . All platted and unplatted property will <br /> assigned RED unit values equivalent to the underlying <br /> zoning. When the existing land use is less than the <br /> highest and best permitted use, the Council may consider <br /> the current use as well as the full potential of land use <br /> in determining the appropriate number of RED units . <br /> Otherwise, the following RED chart will apply on a per <br /> unit basis, subject to adjustment by the Council for any <br /> inequities : <br /> Single Family 1 . 00 RED <br /> Duplex 1 . 00 RED <br /> Condominium 0 . 80 RED <br /> Multifamily (3 units or more) 0 . 80 RED <br /> Townhouse 0 . 80 RED <br /> Commercial 2 . 00 Units <br /> Industrial 2 . 00 Units <br /> The unit approach has proven to be the best method in <br /> those instances whereby the improvement largely benefits <br /> everyone to the same degree and the cost of the <br /> improvement is not generally affected by parcel size . <br /> c . Area Assessment . The assessable area shall be <br /> expressed in terms of the number of acres or the number <br /> of square feet subject to assessment . When determining <br /> the assessable area, the following considerations will be <br /> given: <br /> (1) Ponding Assessment Consideration. Lakes, ponds <br /> and swamps may be considered a part of the assessable <br /> area of a parcel . <br /> (2) Road Right-of-Way Assessment Consideration. Up to <br /> 20 percent (200) of the gross acreage may be deducted for <br /> street right-of-way purposes within unplatted parcels of <br /> five acres or more depending upon the parcel <br /> configuration and is only applicable to single family <br /> residential use. Parcels of less than five acres may not <br /> qualify and may be assessed full acreage. The reason for <br /> this size restriction is that, in most instances, parcels <br /> of less than five acres cannot support an internal public <br /> road system. <br /> (3) Park Dedication Assessment Consideration. When <br /> park land is dedicated as part of a residential <br /> development, as required by Subdivisions Code - Chapter <br /> 1204 . 02 , the developer shall not be assessed an acreage <br /> charge on the portion of land dedicated. <br /> d. Front Footage Assessment . The actual physical <br /> dimensions of a parcel abutting an improvement (ie . , <br />