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• ENGINEERS■ARCHITECTS■PLANNERS 222 EAST LITTLE CANADA ROAD,ST PAUL,MINNESOTA 55117 612 484.0272 <br /> July 12, 1988 RE: ST. ANTHONY, MINNESOTA <br /> FOSS ROAD LIFT STATION <br /> SEH FILE NO: 88185 <br /> J <br /> 1 <br /> Mr. Larry Hamer, Public Works Director <br /> City of St. Anthony <br /> 3301 Silver Lake Road <br /> St. Anthony, MN 55418 <br /> Dear Mr. Hamer: <br /> This letter is our report on the study of the financing methods <br /> for the replacement of the Foss. Road sewage pumping station. In <br /> our study we looked at assessment and a sanitary sewer service <br /> rate adjustment as methods of financing the project. <br /> The information used in conducting our study was obtained from <br /> City of St. Anthony records. We appreciate the cooperation of <br /> • the City staff during our study. <br /> As mentioned above, the methods of financing we studied were <br /> assessment and sanitary sewer service rate adjustment. <br /> ASSESSMENT <br /> An assessment for financing of the Foss Road sewage pumping <br /> station replacement would be applied to the property connected' -to <br /> sanitary sewers tributary to the Foss Road sewage I pumping <br /> -station. This assessment could be on the basis of area, sewage <br /> contributed or a unit assessment per lot - or equivalent lot. In <br /> any assessment, benefit to the property assessed must be shown <br /> The use of an assessment requires that the procedures outlined in <br /> M. S. Chapter 429 be followed including notices, hearings, etc. <br /> In our study we calculated an assessment based on a bond issue of <br /> $225, 000 at 7 1/2% interest for 7 1/2 years and the 1988 winter <br /> quarter (January, February, March) water sales which were used <br /> for calculating sewer service charges. Based on this time period <br /> and bond costs, the .assessment would be 6. 680 per cubic foot <br /> (c. f) of water used. For a typical residence using 2500 c. f. of <br /> water per quarter, the assessment would be $167.00. For Happy' s <br /> Potato Chip factory, which used 510, 800 c. f. of water in the <br /> first quarter of 1988, the assessment would be $34, 121. <br /> SHORT ELLIOTT ST PAUL, CHIPPEWA FALLS, <br /> HENDRICKSON INC. MINNESOTA WISCONSIN <br /> 0 <br />