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MINUTES EN HILLS 111 Outstanding Discussion: Still need to address the percentage of assessments. There is a need to clarify how we determine number of units or the per unit equivalence for assessments. It was recommended to let the planning commission give feedback as to what to how to approach commercial properties, as well as multiple frontage lots. It was recommended to have a clause stating that some properties may be assess on a case by case situation. Corner lots are assessed only on the actual address. Should the City get assessed? Discussion touched on the possibilities of the City`boessment exempt and/or being assess the same as other properties. There' s nothing p the policy stating whether or not city properties are exempt. Are the current assessment rates for commercial proprtt and residential properties>s t appropriately? How are double frontage lots asses§ e? Giga provided a background of how Roseville funds their street:pr j;e;cts. Roseville created a two prong funding approach using bonds and assessrr is<.';':,: :„...996 they created an infrastructure fund; tax payers pay a lttt each year towards`ti i fund, resulting in a lower assessment. How much does i ecollect ever <year i r3`,y nto that fund from taxes? Has the City looked at the long term if assessments are the best option? We are going to get into the long range financial plan;looking towards the fut are and how we want to pay for things. • We do not have a project for 2008 s we are not in a:t t` e'crunch to get this policy completed; our next reconstutio : roject will be summer 2009. 3.B. Capital<;T 1 .ent .::............... Finance Director I erso i l: iga gaveexplanation of the formatting of the CIP book. Hlgers recommend that.the City lks at the possibility of sharing equipment with; oscville to decrease t ;e;; i st of equipment. It was also recommended to combine so.m :: jrations. We may w'aittoave Greg Hoag, Public Works Director,join us to d sc :t ese options. Mayor H r Lead would like this group to focus more on the s iiifeediiii&i9f the CIP. Look ir t xds streets and new fire departments. Parks and Trails h ::newer:been economically balanced with the rest of the needs of the City. Roads arer ateE�:�r�`a` vezia'et condition Index PCI . ( ) evaluate the roads; roads are rate : t 4:to 100. A rating of 0-30 i We have a consultant s "poor" and needs to be reconstructed. 4.A. Report from the City Council Sue created a new chart of accounts. Staff is currently working on the Capital Improvement Plan(CIP). The old city hall property is going out for a RFP; it could potentially be residential land. S