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8 <br />guidelines, which may not be appropriate in all cases. <br /> <br />b. Unit Assessment. A unit assessment shall be derived by dividing the total <br />project cost by the number of Residential Equivalent Density (RED) units in the <br />project area. A RED unit is defined as a single family residential unit. All platted and <br />unplatted property will assigned RED unit values equivalent to the underlying <br />zoning. When the existing land use is less than the highest and best permitted use, <br />the Council may consider the current use as well as the full potential of land use in <br />determining the appropriate number of RED units. Otherwise, the following RED <br />chart will apply on a per unit basis, subject to adjustment by the Council for any <br />inequities: <br /> <br />Single Family 1.00 RED <br />Duplex 1.00 RED <br />Condominium 0.80 RED <br />Multifamily (3 units or more) 0.80 RED <br />Townhouse 0.80 RED <br />Commercial 2.00 Units <br />Industrial 2.00 Units <br /> <br />The unit approach has proven to be the best method in those instances whereby the <br />improvement largely benefits everyone to the same degree and the cost of the <br />improvement is not generally affected by parcel size. <br /> <br />c. Area Assessment. The assessable area shall be expressed in terms of the <br />number of acres or the number of square feet subject to assessment. When <br />determining the assessable area, the following considerations will be given: <br />(1) Ponding Assessment Consideration. Lakes, ponds and swamps may <br />be considered a part of the assessable area of a parcel. <br /> <br />(2) Road Right-of-Way Assessment Consideration. Up to 20 percent <br />(20%) of the gross acreage may be deducted for street right-of-way purposes within <br />unplatted parcels of five acres or more depending upon the parcel configuration and <br />is only applicable to single family residential use. Parcels of less than five acres may <br />not qualify and may be assessed full acreage. The reason for this size restriction is <br />that, in most instances, parcels of less than five acres cannot support an internal <br />public road system. <br /> <br />(3) Park Dedication Assessment Consideration. When park land is <br />dedicated as part of a residential development, as required by Subdivisions Code - <br />Chapter 1204.02, the developer shall not be assessed an acreage charge on the portion <br />of land dedicated. <br /> <br />d. Front Footage Assessment. The actual physical dimensions of a parcel <br />abutting an improvement (ie., street, sewer, water, etc.) will generally not be