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Page 5 <br />SECTION II - METHODS OF ASSESSMENT <br />The nature of an improvement determines the method of assessment. The objective is <br />to choose an assessment method which will arrive at a reasonable, fair and equitable <br />assessment which will be uniform upon the same class of property within the assessed <br />area. The most frequently recognized assessment methods are: the unit assessment, <br />the front footage assessment and the area assessment. Depending upon the individual <br />project, any one or a combination of these methods may be utilized to arrive at an <br />appropriate cost distribution. City staff will consider all methods and weigh their <br />applicability to the project and present a recommendation to the City Council in the form <br />of a mock assessment roll (or rolls). A description of each assessment and its <br />corresponding policy application is presented. A separate section (Section III) will <br />identify the appropriate matchup of method with a specific type of project and analyze <br />why each is generally used. <br />a. Unit Assessment. A unit assessment shall be derived by dividing the total <br />project cost by the number of Residential Equivalent Density (RED) units <br />in the project area. A RED unit is defined as a single family residential unit. <br />All platted and unplatted property will assigned RED unit values equivalent <br />to the underlying zoning. When the existing land use is less than the <br />highest and best permitted use, the Council may consider the current use <br />as well as the full potential of land use in determining the appropriate <br />number of RED units. Otherwise, the following RED chart will apply on aPerunitbasis, subject to adjustment by the Council for any inequities: <br />Single Family <br />Duplex <br />Condominium <br />Multifamily (3 units or more) <br />Townhouse <br />Commercial <br />Industrial <br />1.00 RED <br />1.00 RED <br />0.80 RED <br />0.80 RED <br />0.80 RED <br />2:00 Units <br />2.00 Units <br />The unit approach has proven to be the best method in those instances <br />whereby the improvement largely benefits everyone to the same degree <br />and the cost of the improvement is not generally affected by parcel size.