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2004 Assessment Policy – Page 7 C. Petition Petition shall mean a written document presented to the City Council for purpose of initiating a public improvement project. The address of each signatory, the date of the signature and a printing of each signatory's name shall accompany all signatures. D. Total Project Cost Total project cost shall mean the total estimated construction cost plus all associated overhead costs. Overhead costs shall include, but not be limited to, City administration, engineering, legal, fiscal, and interest during construction and land acquisition. E. Assessment Period The length of payment period of various types of improvement projects shall be as follows: ▪ Mill and Overlay = 5 years ▪ Street Reconstruction = 10 years In the case where several areas of the improvements listed above are included in the same project, the assessment period shall be determined by the City Council. In no event shall an assessment period exceed ten (10) years. F. Municipal State-Aid Streets Municipal State-Aid Streets are routes designated by the City Council and approved by the Commissioner of Transportation for inclusion in the City's State-Aid system. All routes typically begin and end on another municipal state-aid road, county state-aid road, or trunk highway. The criteria used in selecting such routes are as follows: ▪ The route is projected to carry a relatively heavier traffic volume or is functionally classified as collector or arterial as identified on the City's functional plan as approved by the City Council; and, ▪ The route connects the points of a major traffic interest within the City; and, ▪ The route provides an integrated street system affording, within practical limits, a state-aid street network consistent with projected traffic demands.