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<br /> <br /> <br />2004 Assessment Policy – Page 6 <br />Maintenance/Rehabilitation Projects <br /> <br />Concrete Pavement Restoration – Concrete pavement restoration is a maintenance procedure <br />funded by the City. <br /> <br />Crack Sealing – Crack sealing is a maintenance procedure funded by the city. <br /> <br />Bituminous Seal Coating – Bituminous seal coating is a maintenance procedure funded by <br />the City. <br /> <br />Bituminous Surface Patching – Bituminous surfacing patching is a maintenance procedure <br />funded by the City. <br /> <br /> <br />Definitions & General Provisions <br /> <br />A. Assessment Rate <br /> <br />The assessment rate for any special assessment district is computed by dividing the total <br />assessable costs of such improvement by the total number of assessment units. <br /> <br /> Residential Example: <br /> <br /> Roadway Project Cost $601,000 <br /> Drainage Improvements $205,000 <br /> Sanitary Improvements $245,000 <br /> Water Main Improvements $38,000 <br /> Total Project Cost: $1,089,000 <br /> <br /> Assessed to Property Owners: <br /> <br /> Roadway Project Cost $601,000 <br /> 50% assessed $300,500 <br /> Number of units in the neighborhood 60 <br /> <br /> Per Unit Assessment: $300,500 divided by 60 equals $5,008 <br /> <br /> <br />B. Assessable Costs <br /> <br />The assessable cost of an improvement shall be defined as those costs that, in the opinion of <br />the City Council, are attributable to the need for service in the area served by the <br />improvement. <br />