Agenda Packets - 1995/09/05 - Laserfiche WebLink

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M0522-C Page 202 .9 202 . 09: APPORTIONMENT OF COST: The cost of any improvement, or any part thereof, may be assessed upon property benefited by the improvement, based upon the benefits received, whether or not the property abuts on the improvement, and whether or not any part of the cost of the improvement is paid from the County-State Aid Highway Fund, the Municipal-State Aid Street Fund or the Trunk Highway Fund. The area assessed may be less than but may not exceed the area proposed to be assessed as stated in the notice of hearing on the improvement, except as provided below. The Municipality may pay such portion of the cost of the improvement as the Council m. determine from general ad valorem tax levies or from other revenues or funds of the Municipality available for the purpose, subject to the provisions of subdivision 8.04(2) of the Charter. The City may subsequently reimburse itself for all or any of the portion of the cost of a water, storm sewer or sanitary sewer improvement so paid by levying additional assessments upon any properties abutting on but not previously assessed for the improvement, on notice and hearing as provided for the assessments initially made. To the extent that such an improvement benefits nonabutting properties which may be served by the improvement when one or more later extensions or improvements are made but which are not initially assessed therefor, the City may also reimburse itself by adding all or any of the portion of the cost so paid to the assessments levied for any of such later extensions or improvements; provided, that notice that such additional amount will be assessed is included in the notice of hearing on the making of such extensions or improvements. The provisions of Section 202 .07 shall apply to such extensions or improvements in the same manner as if they were new improvements . (1988 Code §26 .09) IMPROVEMENT TYPE AND COST APPORTIONMENT A. Street Reconstruction Including Curb and Gutter. The cost of street reconstruction shall be recovered by the adjusted front footage method. The front footage rate shall be determined by dividing the protect cost by the total number of adjusted front feet in the project area x the individual adjusted front footage x one-half ( 1/2) . The assessments per adjusted front foot may vary depending on the underlying zoning of a parcel. Assessments for residential properties which are on collector or arterial streets shall be adjusted so that the amount of the assessment shall be the same as if the project were constructed to residential street standards as provided in Section V.H. 1. of this policy. The remaining cost shall be recovered by means of the general ad valorem property tax paid by the entire community or by other funds that may become available to the City for infrastructure cost recovery.