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EXHIBIT A TO RESOLUTION 2013 - <br />TO SPECIAL ASSESSMENT POLICIES OF THE CITY OF HUGO, <br />WASHINGTON COUNTY, MINNESOTA <br />1) New Roadway Improvements <br />a) The City may become involved in designing, constructing, or financing new developer - <br />driven roadway and associated improvements where the City determines at its sole <br />discretion that it is a benefit to the City to do so. The following criteria shall be evaluated <br />by the City in making the determination: <br />i) Limited to collector streets and associated utilities as shown on the City's <br />Comprehensive Plan. <br />(1) Requires an evaluation of benefits to traffic flow and access. <br />ii) Limited to areas with commercial or industrial economic development potential. <br />(1) Requires an analysis of likely business opportunities and job creation. <br />iii) Property lines or other factors make construction of planned infrastructure <br />improvements unlikely. <br />2) Financing <br />a) City involvement in designing, constructing, or financing new developer -driven roadway <br />and associated improvements is contingent on the following parameters: <br />i) Development of a financing plan that identifies total costs and matching revenue <br />sources that guarantees 100% cost recovery by the City. <br />ii) Special assessments for the improvement project will be levied to the subject property <br />if the following conditions are met: <br />(1) The assessment amount does not exceed 50% of the current property value. <br />(2) The owner concurs that the increase in fair market value of the subject property <br />will be equal to the total cost of the improvement project, and that such increase <br />in fair market value is a special benefit to the subject property. <br />(3) The owner concurs that the amount of the assessment against the subject property <br />is reasonable, fair and equitable. <br />Page 1 <br />