CCP 02-10-1992 - Laserfiche WebLink

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I I. FINANCING The City has a number of major options to consider in funding of the I proposed improvements and possible assessment methods to recover project I costs. Assessments to properties who contribute storm water runoff to the pond would be the first major option for funding the improvements. The I proposed 24" storm sewer pipe and baffled wiers would be included in the Assessment Manual's definition for lateral facilities, which are pipes I ranging in size from 12" to 27" pipes and improvements serving small ponding I areas. Two methods for assessing storm sewer lateral improvements are included in the Manual. The first method is based on determining the number I of lots contributing runoff to the storm sewer and dividing the cost equally among the lots. The second method is determining the total assessable I front footage of all lots contributing runoff and dividing the project by . the total assessable front footage. The assessment per lot is then based on the assessable front footage for each lot multiplied by the assessment per I front foot. This second method is typically used in new developments. I The Assessment Manual also discusses the option of establishing a storm sewer tax improvement district as detailed by Minnesota State Statutes I 444.16 through 444.21. This law allows a City to order a public hearing to I establish a storm sewer tax district for a specific drainage area. The district can be established by a two-thirds vote of the entire City Council, I which would be four out of five affirmative votes from the Arden Hills City Council . The improvement would then be ordered and constructed, with the I cost funded either by issuance of bonds or, in some cases, City funds. A I tax is then levied against all taxable property within the specific area, or I' 5 I