4D, 2011 PMP Feasibility Report - Laserfiche WebLink

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.�� -�i EN HILLS HOW MUCH WILL THE PROJECT COST ME? Your assessment depends on the zoning of the property, and the total improvement cost. For street improvement projects, the City policy is to assess 50 percent of the total costs to the benefiting residential properties. The City of Arden Hills assesses on a per-lot unit basis, with a lot unit being defined as a single family residential lot that cannot be further subdivided according to City Code. Corner lots shall be assessed on the street that is used for the mailing address. A copy of the Arden Hills Assessment Policy may be obtained for review at City Hall or on the City's website: www.ci.arden-hills.mn.us/pmp. WHAT ABOUT SENIORS OR DISABLED CtTIZENS? ' Assessment costs can be deferred for seniors and disabled citizens for whom the assessments would cause a financial hardship. For specific information on qualifying, call the City's Finance Department at 651-792-7800. WHEN MUST 1 PAY THE ASSESSMENTS? Once the project has been awarded; you will receive a notice inviting you to a public assessment hearing on the project. These hearings are usually held in late spring. It is at this hearing that the �nal assessments will be considered by the City Council. Following the hearing, you can pay your assessment in one of two ways: • If you wish, you may pay your assessment in full within 30 days following the assessment hearing and avoid interest charges. • If you choose not to prepay, your assessment will be collected with your property taxes_ See the assessment policy for the length of the assessment period.