Laserfiche WebLink
' <br />' <br />The owners of 1225 Amble Road have received approval from the City to demolish the hc�tne c�n <br />� this parcel and split the lot. Half of the lot will be attached to the north parcel (1229) and h�lf to <br />the south parcel (1219). Both parcels at 1229 and 1219 will remain as one (1) REU each. <br />' <br />' <br />' <br />I ' <br />I ' <br />il <br />I ' <br />I ' <br />� <br />I ' <br />� <br />' <br />' <br />� <br />, <br />Tax-exempt Properties <br />The assessment policy states that tax-exempt properties are to be assessed based on 100°/� �af tlhe <br />bituminous overlay, plus associated overhead costs. The tax-exempt equivalent assessment rate <br />shall be set by the City Council. For the purposes of determining this rate, staff has cc�xiv�rted <br />Tax-exempt Equivalent Units (TEU) to Residential Equivalent Units (REU) as described below, <br />Since Cummings Park has front footage on the proposed improvements at the Wyncrest Cc�urt <br />cul-de-sac, City staff is proposing that this tax-exempt property is included in the Prelir��i��ary <br />Assessment Roll with four (4) REUs. Also, City-staff is proposing that the City-owned �r�'���-,rty <br />that has frontage on Janet Court be considered for zero (0) REUs since this par�;�;� is <br />predominately wetland and is unbuildable. The table below itemizes the number of singl�-��r��x(y <br />REUs for each corresponding street being improved. Refer to the Appendix for the Ass�;s�sr�e;n�l <br />Figures and the Preliminary Assessment Roll. <br />Street REUs <br />Amble Road 24 <br />Colleen Court 9 <br />Dellwood Street 2 <br />Janet Court 10 <br />Nursery Hill Court 13 <br />Nursery Hill Lane 22 <br />Wyncrest Court 23 <br />Wyncrest Lane 8 <br />Wynridge Drive 27 <br />Total 138 <br />Multi-family/townhouse Residential Properties <br />The City's Assessment Policy does not have a method for assessing multi-family or tow��4�aa.�� <br />(R-3) properties. However, City staff recommends assessing multi-family properties on a pc�� ��ta�t <br />rate method similar to the single-family REU approach. The table below itemizes the number of <br />multi-family units for each corresponding street being improved. Refer to the Appendix f��r� tk�� <br />Assessment Figures and the Preliminary Assessment Roll. <br />Street Units <br />Arden View Court 166 <br />Arden View Drive 140 <br />Total 306 <br />At the October 25, 2010 meeting, the City Council came to a consensus for modifying the (.'ity's <br />Assessment Policy regarding townhouse (R-3) properties. For this project, the City Counci( <br />15 <br />