CCP 11-12-1996 - Laserfiche WebLink

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I As shown in the assessment calculation presented above, the City's share of the bituminous overlay portion of the 1997 Street Reconstruction and Maintenance Improvements is estimated at $51,500 based upon City assessment policy. The remaining $51,500 of overlay costs will be recovered through assessments of $5.20 per front foot against benefitting property owners. I The final overlay assessment rate would be established by City Council resolution at a later date. I Bituminous Reclamation Financing This portion of the 1997 Street Improvements Project includes Colleen A venue, Colleen Circle, I and Norma Avenue. It will be funded with available city funds in addition to assessments to benefitted properties. All of the abutting properties are zoned as R-l, single family residential. The City's Assessment Manual outlines the method of determining the assessment to benefited I properties abutting the improvements addressed previously. The street reconstruction portion of the Assessment Manual states that residential property is assessed at a rate equivalent to 50 % of I the cost for the reconstruction of a typical residential street in Arden Hills. Based upon the estimated costs of reconstruction, the 50% assessment eligibility as outlined in the Assessment Manual, and approximately 4,700 assessable front feet of residential frontage, the assessment I calculation is outlined below. Bituminous Reclamation Assessments lit Bituminous Reclamation Assessments I Estimated Street Reconstruction Cost $248,000 Estimated Assessment Amount (50% of Residential Street) $124,000 I Total Front Footage to be Assessed (divided by) 4,700 FF Estimated Bituminous Reclamation Assessment Rate (Residential) $26,38 I The actual final reclamation assessment rate will be established by City Council resolution at a later date. I Water and sewer utilities have not yet been evaluated to determine repair or replacement needs. Any work completed in these areas would be funded from the City's Sewer and Water Utility I funds. Residential Street Reconstruction Financing I The reconstruction of James Avenue and the Hamline and Snelling Avenue service roads will also be funded through City contributions and assessments to the abutting property owners. Since all I of these streets are located in residential areas, 50% of the total project cost would normally be assessed to the property owners in accordance with the City's assessment policy and as outlined t' above. However, due to the shortage of assessable frontage on the Hamline and Snelling Avenue service roads, the city should contribute a larger share of the project cost to reduce the assessment rates to more closely match the typical assessment rates used in recent reconstruction projects, I It is proposed to assess the City for up to 1,530 feet of the Schmidt Park and TH51 right-of-ways, FEAS-520.080 -11- 520-080-10