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• This residential equivalent assessment rate shall be <br /> • <br /> determined by the City Council and established by resolution <br /> on an annual basis based upon comparable project data <br /> available to the City. <br /> 2: Commercial /Industrial Equivalent Assessment Rate <br /> All commercially or industrially zoned properties with <br /> frontage abutting a street which is overlaid with bituminous <br /> surfacing shall be assessed on a front foot basis at the <br /> commercial /industrial equivalent assessment rate. This rate <br /> shall apply regardless of the streets classification (local , <br /> collector, arterial , trunk highway) ; designation (County, <br /> State-Aid Highway, Municipal State-Aid Street) ; or <br /> jurisdiction (State, County or City) . <br /> • <br /> • <br /> The commercial /industrial equivalent assessment rate shall be <br /> based on 50% of the cost of a bituminous overlay plus all <br /> associated overhead costs for a typical commercial street <br /> section. This residential equivalent assessment rate shall <br /> be determined by the City Council and established by <br /> resolution on an annual basis based upon comparable project <br /> data available to the City. <br /> d) Alley <br /> All new alley construction or reconstruction shall be totally <br /> assessed to the abutting properties. The assessment shall be on a <br /> front foot basis for the property frontage on the alley. <br /> • <br /> 34 <br />