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I I. I I I I I I I Ie I I I I I I I I- I ,ARDEN IDLLS CITY COUNCIL - JUNE 26, 1995 2 responsibility; and County responsibility to City responsibility. During this program, 80.63 miles will be turned over from the County to various cities. This turnback gives cities an opportunity to reconstruct roadways that would not have been scheduled for reconstruction by the County for a number of years. Mr. Stonehouse pointed out in regards to Arden Hills, the County is turning back to the City 3.80 miles of roadway. Mr. Stonehouse indicated in regards to the City's ability to assess for improvements, it is stated in the Minnesota State Statute 429, Apportionment of Cost, the City is able to assess benefitting properties. Mr. Stonehouse noted this benefit is based on increase in property value and not on use. Mr. Stonehouse did point out that residents noting their objections in writing tonight, do have 30 days from the date of the close of the Public Hearing to file an appeal in District Court. Mr. Stonehouse indicated the Arden Hills Assessment Policy which is specific to residents of Arden Hills, stated that owners pay for improvements of streets adjacent to their property. The assessment rate is based on residential, commercial or tax exempt property use. Mr. Stonehouse reviewed reconstruction costs, overlay costs, and assessment rates for each type of project. He indicated there are various sources that contribute to fund the projects, such as: Minnesota State Aid, County Road Tumback funds, City funds (Storm Water Management, etc.) and Property Assessments. Mr. Stonehouse reviewed the Assessment Schedules. He noted those properties assessed $3,500 or less will have a schedule of five years and those assessed over $3,500 will have a schedule of eight years to pay the assessment. He cited an example of an amortization schedule for a sample assessment of$3,250. Residents will also have the option of prepaying assessments without interest, ifpaid within 30 days of the close of the Public Hearing. Mr. Stonehouse indicated the cost of the project and the amounts paid by each source for the 1995 Street Improvements Project. Specifically the project cost has been projected to be $460,000. Mr. Stonehouse indicated the assessment rates for reconstruction would be $31.95 per lineal foot and for overlay $4.00 per lineal foot. Mr. Stonehouse addressed some specific issues of the project: o!< The reconstruction rate for Stowe Avenue has been set at $31.95 per lineal foot which is less than the previously estimate of$32.50.