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05-09-22-R (Amended 5/10/22)
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05-09-22-R (Amended 5/10/22)
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Page 3 of 3 <br /> <br />• The assessments related to Cummings Lane are calculated in accordance with the City’s <br />Assessment policy, is half of the street project cost for residential properties. Cummings <br />Lane assessment rate of $4,935 per unit as compared to the Feasibility Report estimate of <br />$4,071. <br /> <br />CUMMINGS LANE <br />Item Calculation Result <br />Half of Construction Cost $62,178.74/2 $31.089.37 <br />Add 27% Overhead $31,089.37 x 1.27 $39,483.50 <br />Assessment Rate $39,483.50/(8-units) $4,935 <br /> <br />The full detailed assessment roll can be seen in Attachment B. <br /> <br />Recommendation <br /> <br />Council should consider adopting Resolution 2022-019 Adopting the Assessment Roll for the <br />Snelling Avenue North Street and Utility Improvement Project with any changes they deem <br />appropriate. <br /> <br />If questions or concerns are received at the assessment hearing that require further investigation, <br />staff recommends that Council amend the proposed assessment roll to remove the property or <br />properties, then approve the Resolution as amended. This will allow staff time to research <br />questions and objections raised at the hearing before bringing discussion back at a later Council <br />meeting. <br /> <br />Attachments <br />Attachment A: Assessment Area Map <br />Attachment B: Assessment Roll <br />Attachment C: Resolution 2022-019 <br /> <br /> <br /> <br /> <br /> <br />
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