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<br />City of Arden Hills <br />2004 Assessment Policy <br /> <br />A. Definitions & Gcncral Provisions <br /> <br />. <br /> <br />1. Assessment Rate <br /> <br />Thc asscssmcnt rate for any special assessmcnt district is computed by <br />dividing the total assessable costs of such improvement by the total <br />number of assessment units. <br /> <br />Example: <br />Roadway Project Cost <br />Drainage Improvements <br />Sanitary Improvements <br />Water Main Improvements <br />Total Project Cost <br /> <br />$ 601,000 <br />$ 205,000 <br />$ 245,000 <br />$ 38,000 <br />$1,089,000 <br /> <br />Per unit assessment: <br /> <br /> <br />60 <br /> <br />Assessed to Propcrty Owners: <br />Roadway Project Cost <br />50% assessed <br />Number of units in the <br /> <br />.ded by 60 equals $5,008 <br /> <br />2, <br /> <br />Assessable Costs <br />The assessable ' <br />in the opinio <br />in the area se <br /> <br />. <br /> <br />rovement shall be defined as those costs that, <br />iU ' ouncil, are attributable to the need for service <br />the improvement. <br /> <br />3. Petitio <br />Petition a written documcnt presented to the City Council for <br />purpose of i .. mg a public improvcment project. The address of each <br />signatory, the date of the signature and a printing of each signatory's name <br />shall accompany all signatures. <br /> <br />4. Total Proiect Cost <br />Total project cost shall mean the total estimated construction cost plus all <br />associated overhead costs. Overhead costs shall include, but not be <br />limited to, City administration, engineering, legal, fiscal, and interest <br />during construction and land acquisition. <br /> <br />5. Assessment Period <br />The length of payment period of various types of improvement projects <br />shall be as follows: <br /> <br />. <br /> <br />2004 Assessment Policy Manual - Page 6 <br />