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<br /> - <br /> I This rate shall apply regardless of the streets'classifi- <br /> ~ cation (local. collector. arterial, trunk highway); <br /> .. <br /> designation (County State-Aid Highway. Municipal,State-Aid <br /> J <br /> Street); or jurisdiction (State, County or City). <br /> ,~ <br /> - <br /> "~ <br /> The residential equivalent assessment rate shall be based on <br /> - <br /> I - 50% of the cost of street reconstruction plus all associated <br /> ,'----S <br /> J overhead costs for a typical' residential street section. <br /> '0 <br /> ~ This residential equivalent assessment rate shall be <br /> ! - determined by the City Council and established by resolution <br /> ----- <br /> on an annual basis based upon comparable project data <br /> \ - available to the City. <br /> ~ <br /> I 2. Commercial/Industrial Equivalent Assessment Rate <br /> \ - <br /> ~ All commercially or industrially zoned properties with <br /> T - <br /> frontage abutting a street which is reconstructed shall be <br /> -------.!!!! <br /> assessed on a front foot basis at the commercial/industrial <br /> I - equivalent assessment rate. This rate shall apply regardless <br /> , <br /> . <br /> ir- of the streets classification (local. collector. arterial. <br /> ., <br /> r trunk highway); designation (County. State-Aid Highway. <br /> ~ <br /> 1.,= Municipal State-Aid Street); or jurisdiction (State, County <br /> - or City). <br /> I <br /> ~ <br /> The commercial/industrial equivalent assessment rate shall be <br /> r~ based on 70% Qf the cost of street reconstruction for a typical <br /> r <br /> 1 commercial street section. This commercial/industrial <br /> --.-..; equivalent assessment rate shall be determined by the City <br /> r- Council and established by resolution on an annual basis based <br /> - <br /> upon comparable project data available to the City. <br /> r <br /> ~ 32 <br /> I' - " <br />