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4 Item No. P14- (• 10 Staff Report No.97- 2047 C • Meeting Date: April 28, 1997 Type of Business: P.H. WK: Work Session;PH:Public Hearing; CA: Consent Agenda; CB: Council Business City of Mounds View Staff Report To: Honorable Mayor and City Council From: Michael Ulrich, Director of Public Works Item Title/Subject: Public Hearing to Consider Amending the Assessment Policy Date of Report: April 23, 1997 Discussed at the April 7, 1997 Council work session, were a few recommended revisions to the assessment policy. The proposed revision will provide greater equity to the storm sewer assessments and corner commercial/industrial property street assessment. I have copied the section of the primary revisions in this report for easy reference and attached the entire ordinance for further review. The revisions are underlined and the deletions are struck out in the document. Changes are on pages 2,3 & 9. h. Drainage Improvements . Storm drainage and ponding/basin systems are usually constructed to serve a specific drainage or "watershed" district . The cost of d-iainage impiovemei u��C-half (1/2) assessed. These drainage districts have trunk lines, which are large diameter pipes that transport large volumes of water from one or more drainage districts . Property owners within drainage districts that would receive benefit from a trunk storm sewer, would be assessed a unit amount ($400 . 00 per lot) for a single family residential lot. This amount would be determined and adjusted annually by resolution using the Engineering News Record (ENR) . Multifamily housing that exceeded 1/3 acre (the acreage for determining a single family residential lot) , would be assessed based on the number of acres, divided by the unit cost ($400 . 00 per 1/3 acre, $1, 200 . 00 per acrel . Commercial / Industrial property would be assessed by the amount of property (acres) that are determined to benefit from the trunk line divided by the unit cost ($400 . 00 per 1/3 acre, $1, 200 . 00 per acre) to maximum amount of three (3 ) acres or $3 , 600 . 00 . The remaining cost will be paid for by the Storm Water Surface Utility and/or by an ad valorem property tax paid by the entire community or by other funds that may become available to the City for infrastructure cost recovery. Should a project 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 . • - • takes place together with st-ieet £Cuuritruk.tiuii projects and the 411 policies-ielaLed Lo street improveiients . Site specific -