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Item No. I 0 <br /> Staff Report No. 77- g'--OC <br /> Meeting Date: October 6, 1997 <br /> • Type of Business: W.K. <br /> WK: Work Session;PH:Public Hearing; <br /> CA: Consent Agenda;CB:Council Business <br /> City of Mounds View Staff Report <br /> To: Honorable Mayor and City Council <br /> From: Michael Ulrich, Director of Public Works <br /> Item Title/Subject: Review and Discussion on Current Assessment Policy <br /> Date of Report: October 2, 1997 <br /> Based recent interest in the City's current assessment, staff has contacted the communities <br /> referenced by resident, Mary Malrick, at the Council meeting of September 22, 1997. Staff has <br /> included both Ms. Malrick's memo plus staff's findings from conversations with the <br /> corresponding municipalities. More directly, staff has recalculated the Bronson Drive assessment <br /> based on lowering the existing 50%assessment to 25%, 30% and 35%. This table is at the end of <br /> this report. The storm sewer assessment was calculated based on 50% of the total cost of the <br /> project divided by the total number of acres served by the improvement. The new policy assesses <br /> each single family unit served by the trunk sewer improvement a flat one time assessment of <br /> $400. Multi-family and commercial property are assessed at$1,200 per acre. <br /> • Bronson Drive although constructed 32 feet wide, was assessed at 30 feet. Total street <br /> reconstruction cost minus 2 feet and sidewalk construction was $324,125.00. Of that amount <br /> 50% or$162,062.00 was assessed for 4254 assessable front footage, or$38.10/front footage. If <br /> the City reduces the percentage assessed to 25%the amounts would be reduced by 1/2 or <br /> $81,031.00 or$19.05 /front foot. The City would then be responsible for$243,093.00 for the <br /> street reconstruction. If this project did not qualify for MSA funding, the City would have to <br /> fund the project from general tax levy or other funds available for such projects. In this project, if <br /> the City did not have the funds necessary on hand to pay for the project and decided to raise <br /> taxes to for its share, the tax levy necessary to produce $250,000.00 would be 17%. <br /> The Storm Sewer(SS) assessment was calculated based on acreage at$1,265 per acre. The total <br /> SS project was $284,391.00, of which 50% or$142,196.00 was assessed. With the newly revised <br /> SS policy the City would have collected approximately$144,000.00. <br /> • <br />