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December 30, 2014 <br />Assessment Considerations for Mustang Drive Pavement Rehabilitation and Drainage Improvements Projects <br />Page 3 of 5 <br /> <br />Some preliminary engineering design and analysis for the storm drainage improvement <br />options may be necessary for completing the feasibility report. <br />The report will have a detailed cost estimate for the improvements, including amounts to <br />be assessed to each parcel and the methodology used to calculate the proposed <br />assessments. Staff has been directed to provide assessment considerations which <br />are presented here. Other options not shown do remain available. The City shall <br />provide direction with regards to assessments for inclusion in the final Feasibility <br />Report. <br />Assessment Distribution <br />In accordance with Mounds View Code 202.09 Subd 3, three methods of assessments <br />were considered: Area Assessment, Unit Assessment, and Front Footage Assessment. <br />Area Assessment is based on the parcel’s area, derived by dividing the area of each <br />property to be assessed by the total area of properties to be assessed. Unit Assessment is <br />derived by dividing the total project cost by the number of units in the project area. Front <br />Footage Assessment is derived by dividing the property’s front footage along the project <br />area by the total front footage of the project. The three assessment options can be seen <br />below. <br />Option 1 and Option 2 <br />         <br />OPTION 1:                        <br />Area Assessment  <br />OPTION 2:                     <br />Unit Assessment  <br />Address Owner  <br />Area  <br />(AC)  <br />Area  <br />Assess per  <br />parcel%  <br />Area  <br />Assess per  <br />owner% Unit  <br />Unit  <br />Assess per  <br />parcel%  <br />Unit  <br />Assess per  <br />owner%  <br />2151 Mustang Dr Gregory & Jane Kelley 0.97 1.52%1.52%1 8%8.33% <br />2159 Mustang Dr  <br />Bauer Welding Metal  <br />Fabricators 7.79 12.19%12.19%1 8%8.33% <br />2169 Mustang Dr  <br />Midwest Motor  <br />Express Inc. 8.15 12.76%12.76%1 8%8.33% <br />4800 Mustang Cir Phillip Javinsky 1.05 1.64%1.64%1 8%8.33% <br />4860 Mustang Cir Fac Holdings LLC 4.63 7.25%7.25%1 8%8.33% <br />4825 Mustang Cir D & A Development Co 4.24 6.64%  1 8%   <br />4825 Mustang Cir D & A Development Co 2.95 4.62%  1 8%   <br />4825 Mustang Cir D & A Development Co 3.6 5.64%16.89%1 8%25.00% <br />4751 Mustang Cir Fedtech Partners LLC 9.99 15.64%  1 8%   <br />4751 Mustang Cir Fedtech Partners LLC 5.89 9.22%24.86%1 8%16.67% <br />2160 Mustang Dr MFJ Company LLP 13.09 20.49%20.49%1 8%8.33% <br />4759 Old Highway 8 GI Technology Inc 1.53 2.40%2.40%1 8%8.33% <br />100.00%100.00%100.00%100.00% <br />