Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. '. <br /> <br />2 <br /> <br />on Old Highway 10, crossing new 10 and Snelling Avenue, a <br />connection being made between this point and that, plus an <br />extension through McClung Drive over to Hamline. It also <br />includes a small portion of watermain on 13th Street Northeast. <br /> <br />The assessments were based on a front footage basis and <br />also an area basis. If the property is fronting - I will use <br />this as an example - if it's fronting on a watermain,it was <br />assessed on a front foot basis on the front with a 200 foot <br />setback. That does not have an area assessment, and beyond <br />that there was an area assessment applied. <br /> <br />On a corner lot a front foot basis was applied, plus 15 feet <br />around the corner and 185 feet was not assessed, and then if <br />it continued, a front foot assessment would apply. <br /> <br />MAYOR CREPEAU: I now ask our fiscal consultant, Mr. <br />Peter Popovich, to briefly explain the financing~ as well as <br />the area assessment. <br /> <br />MR. POPOVICH: The total cost of these two combined improve- <br />ments totals $679,834. Based on a 100 percent assessment of <br />this cost against the benefited property within the' area would <br />mean that we would have to raise that amount of money, and the <br />question is then how much would be by front footage and how much <br />by acreage. <br /> <br />On a residential front footage it's $13.98 a front foot <br />and that will raise $299,599. commercial frontage is $20.97 a <br />front foot and that will raise $212,349. <br /> <br />The acreage assessment as computed as indicated by the engineer <br />is $559.30 an acre for residential property, and the commercial <br />acreage is $838.95 per acre, and the total of those two will <br />raise $155,000. <br /> <br />The balance of $8,280 is raised by 1 inch services of <br />$345 each, $1,227 by 6 inch services at $614 each and there are <br />two of those, and $2,130 on 8 inch services at $710 and there <br />are three of those. <br /> <br />When you add that up it will total the to tal cost. <br /> <br />Formulas such as acreage charges or front footage charges <br />are merely a means to arrive at equitably apportioning out the <br />total cost. If you were to eliminate the acreage, for example, it <br />would then mean that that total amount of $155,000 would have to <br />be spread by increasing the front footage cost or by some other <br />type formula such as a unit charge or what have you. <br /> <br />Over the years the cities have generally determined that if <br />there is a benefit because of location in the proximity of the <br />