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<br /> ~ MON 03:29 PM ~ P.02 <br /> \+w...YoJ- (,1/5/'18 <br /> . <br /> PAVEMENT ASSESSMENT POLICY <br /> Recommendations from the Arden Hills Finance Committee on the sl\bject of the Arden <br /> RiDs pavement assessment policy; <br /> Modifications: <br /> 1. Initial contact letter to citizens baving streets to be improved: Information to affected <br /> citizens on overall philosophy of city, the whys, hows and citizen process of input. Include <br /> use ofi.ll\lstrations (i.e. Mounds View diagrams). Finance Committee can work with the city <br /> engineer in drafting this letter. <br /> 2. In the policy, use Mounds View formulas (illustrations) where they cm simplify or clarify <br /> thc Arden Hills formulas as they apply_ <br /> 3, In the policy, change formula for calculating comer lot assessment. Vle recommend <br /> assessing both streets of affected property at one half the standard rate and eliminating the <br /> five year credit period on comer lots. <br /> . 4. In council action, considerremoving storm water management upgrace costs to reconstructed <br /> road assessments (not including curb and gutters). The fifty/fifty splil with homeowners <br /> should not apply to storm water management upgrades, <br /> -------~~~-----------------------------~-----------------------------------------------------.--------------- <br /> Continuations: <br /> 1. Recommend continuing the fifty/fifty split of sharing costs of street i JlprOvements on <br /> standard residential streets. <br /> 2. Recommend continuing the eight per cent interest rate factor for finar cing street assessment. <br /> - Recommend closer monitoring of new road construction by develope:'s in new residential <br /> ". <br /> areas to insure they are building to existing re-construction standards. <br /> PAVEMENT MANAGEMENT POLICY <br /> Finance Committee offers to assist in financial needs to maintain the pawment management <br /> schedule commiserate with the life-cycle ofroadways. We are interested in detennining the <br /> . adequacy of the annual improvement rate and not having as many cuts dt.e to increasing costs. <br />