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:F <br /> REQUEST FOR COUNCIL CONSIDERATION Agenda Section: lo. <br /> aims 94-1289WS <br /> STAFF REPORT Report Number: <br /> EN <br /> AGENDA SESSION DATE September 7, 1994 Report Date: 8-31-94 <br /> DISPOSITION <br /> Item Description: Consideration of Assessment of Policy <br /> Administrator's Review/Recommendation: - <br /> - No comments to supplement this report <br /> - Comments attached. <br /> Explanation/Summary (attach supplement sheets as necessary.) <br /> SUMMARY; <br /> As mentioned at previous work sessions it has become apparent that the City <br /> of Mounds View should develop and adopt an assessment policy. Staff has <br /> received a few policies from different cities, and is reviewing them at <br /> this time. Each city has what seems to be a customized policy, depending <br /> on their needs. Staff is awaiting information from the League of Cities for <br /> any sample policies, or guidelines to start from. Included with this staff <br /> report are assessment statements from some cities. They will provide <br /> council with a little background on what is available. <br /> A rough example of Pleasant View Drive reconstruction project is provided <br /> using the entire street as if it received no aid. <br /> Project Bid Price: $118,297 (does not inc. engineering <br /> expenses or legal fees) <br /> 13 properties with frontage <br /> 3 properties with long side frontage <br /> 16 total assessable properties <br /> Assuming a 50% assessment of the total cost of the project by 16 <br /> properties, each property owner would be assessed $3 , 697. General taxes or <br /> ' some other funding mechanism would then be responsible for $59, 149. Bear <br /> in mind that these figures are based on only 1/2 mile of street, and only <br /> one side. This however is not an accurate figure because it lacks the <br /> additional expenses mentioned above. The current estimated assessment for <br /> a 100 foot frontage lot is approximately $1, 000, which includes curb and <br /> gutter ($5 per foot) , and storm sewer at $500 (maximum $600) . The curb <br /> costs are accurate, but the storm sewer is $6,500 short. There is no <br /> assessment on the road itself on this project, leaving the city the <br /> remaining $102 ,297 to pay for. <br /> "1/41,2---d:tv/ <br /> Michael Ulrich, Director of Public Works <br /> RECOMMENDATION; <br />