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• b. Gross area of medium and high density residential . <br /> church and school properties times 1.25. • <br /> c. Gross area of commercial property times 1.5. <br /> d. Gross area of industrial property times 2.0. <br /> 3. Assessment rates would be set as follows: <br /> The base rate shall apply to low density residential <br /> properties. <br /> The base rate times 1.25 shall apply to medium and high <br /> density residential , church and school properties. <br /> The base rate times 1.5 shall apply to commercial property. <br /> The base rate times 2.0 shall apply to industrial property. <br /> 4. Credits may be given for previous storm sewer assessments <br /> existing systems and any future additional construction which <br /> may be necessary as determined by the City Engineer for <br /> complete service to each property. Credit rates for future <br /> construction shall be based on current prices. <br /> 5. The City may determine that storm sewer trunk cost be <br /> assessed to all properties within a respective storm sewer <br /> taxing district under Minnesota Statute 444 (Taxing <br /> fti Districts) . <br /> b) Storm Sewer Lateral Rates <br /> The lateral storm sewer project costs will be assessed by one of <br /> the following methods as determined by the City Council after the <br /> project feasibility study. • <br /> 1. Lot/Equivalent Lot Basis <br /> Determine the total number of lots and equivalent lot units <br /> III, receiving lateral benefit and divide the project cost equally <br /> among them. <br /> 26 <br />