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<br /> <br />Feasibility Report Page 21 <br />Snelling Avenue North and County Road E - Street and Utility Improvements <br />City Project Number PW 20-0100 DRAFT <br />The Assessment Policy states that the assessment rate shall be computed on a per-lot unit <br />basis, with a lot unit being defined as a platted single-family residential lot or equivalent, <br />which, according to current Arden Hills Municipal Code cannot be further subdivided for R- <br />1 and R-2 residential use. Two assessable lots within the project have an area that is large <br />enough to subdivide into multiple R-1 or R-2 single family lots with a minimum lot area of <br />14,000 square-feet. 3263 Snelling Avenue North is listed as 3.38 acres on the Ramsey <br />County property records. Given the size, dimensions and terrain, this lot is assigned three <br />(3) REUs on the draft assessment roll. 3265 Snelling Avenue North is listed as 2.52 acres <br />on the Ramsey County property records. Given the size, dimensions and terrain, this lot is <br />assigned two (2) REUs on the draft assessment roll. <br /> <br />The Assessment Policy also states that the commercial equivalent assessment rate shall be <br />based on 70 percent of the total street reconstruction costs. The assessment rate for the <br />Neighborhood Business district property at 3610 Snelling Avenue North (Lindey’s <br />Steakhouse) would be 70/50 times the cost per foot calculated above, applied to the 215-ft <br />property frontage along Snelling Avenue North, or $14,335. <br /> <br />Assessment rates for proposed street improvements along Cummings Lane were calculated <br />based on the standard application of the Assessment Policy by calculating 50 percent of the <br />street improvements divided by the number of lots with mailing addresses on Cummings <br />Lane. <br /> <br />Street Improvements: Cummings Lane <br />Estimated Street Costs: ........................................................... $65,130 <br />50% Estimated Street Costs: ................................................... $32,565 <br />Number of Lots: ................................................................................. 8 <br />50% Cost per Foot: ................................................................... $4,071 <br /> <br />As stated above, a preliminary assessment map and detailed preliminary assessment roll is <br />provided in Appendix L.