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5.3 Preliminary Assessment Roll <br /> Assessments for street improvement costs are proposed to be levied to benefiting properties <br /> as outlined in Minnesota Statute 429 and the City of Arden Hills Assessment Policy. A <br /> preliminary assessment map and detailed preliminary assessment roll is provided in <br /> Appendix H. <br /> Special assessments to benefiting properties along residential streets are proposed to fund 50 <br /> percent of the surface improvements, including contingencies and overhead pursuant to Part <br /> 1 of the City's Assessment Policy. The remaining 50 percent is paid for with City funds. <br /> Assessments for the proposed street improvements were calculated using the residential <br /> equivalent unit method as outlined in the City's Assessment Policy. Estimated rates assume <br /> street improvements costs for Prior Avenue are being prorated based on the number of REUs <br /> into the Reconstruction Area Costs (Glenpaul, and east Jerrold Avenue) and Reclamation <br /> Area Costs (Edgewater and west Jerrold Avenue) pursuant to discussions during the City <br /> Council Work Session on July 15, 2020. Estimated assessment rates are provided below. <br /> Street Reconstruction—Alternative 1 <br /> Glenpaul Avenue, east Jerrold Avenue, 58% Prior Avenue <br /> 50%Estimated Street Costs: ................................................. $755,674 <br /> Residential Equivalent Units: ........................................................... 80 <br /> Assessment Rate: ...................................................................... $9,446 <br /> Street Reconstruction—Alternative 2 <br /> Glenpaul Avenue, east Jerrold Avenue, 58% Prior Avenue <br /> 50%Estimated Street Costs: ................................................. $685,358 <br /> Residential Equivalent Units: .......................................................... 80 <br /> Assessment Rate: ...................................................................... $8,567 <br /> Full-Depth Street Reclamation <br /> Edgewater, west Jerrold Avenue, 42%Prior Avenue <br /> 50%Estimated Street Costs: ................................................. $250,637 <br /> Residential Equivalent Units: .......................................................... 58 <br /> Assessment Rate: ...................................................................... $4,321 <br /> Full-Depth Street Reclamation <br /> Lake Valentine Road <br /> Mounds View High School (per assessment policy): ............. $79,942 <br /> 50%Estimated Remaining Street Costs: .............................. $187,525 <br /> Residential Equivalent Units: .......................................................... 34 <br /> Assessment Rate: ...................................................................... $5,515 <br /> Feasibility Report Page 13 <br /> 2021 PAP Street and Utility Improvements <br /> City Project Number PW 21-0100 <br />