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Industrial Reclamation Areas <br />Office/Industrial Benefit Appraisal Assessment Rate (up to 5 Acres) _ $0.15 to $0.25 per SF <br />Office/Industrial Benefit Appraisal Assessment Rate (exceeding 5 Acres) _ $0.02 to $0.05 per <br />SF <br />Since the assessment rates calculated based on the City's assessment policy fell within or below <br />the assessment rate range for each improvement/zoning category, it is proposed to maintain the <br />assessment rates calculated based on the City's assessment policy for the project, or as directed <br />by the City Council. <br />As the project is designed and competitively bid, the calculated assessment amount will be <br />updated leading up to the adoption of the assessment roll. The project funding is further <br />described on pages 18 through 20 of the Feasibility Report. <br />City staff has also had discussions with Rice Creek Watershed District (RCWD) staff for <br />potential project elements that could be eligible with the RCWD Stormwater Management Grant <br />Program and other RCWD funding programs. Applications for the program are typically due <br />mid -December of each year and project awards are typically 2 months after. <br />Attachments <br />Attachment A: Feasibility Report w/o Appendices <br />Attachment B: Resolution 2025-047 <br />Page 4 of 4 <br />