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<br />. <br /> <br />. <br /> <br />. <br /> <br />Memo <br />City Council <br />2005 Revised Assessment Policy <br />page 2 <br /> <br />· Change the assessment methodology 10 the Unil Method. <br />· Residents will continue to be assessed at fifty percent (50%) of the surface construction <br />costs. <br />· No assessments for sanitary sewer, water, and storm water that are part of the PMP plan. <br />· Interest assessed on unpaid balances will be at prime rate plus two percentage (2%) <br />points. <br />· Senior Deferrals - qualification guidelines are tied to the median household income in <br />Ramsey County. <br />· City Council retains the right to review each project on ils own merit and to deviate from <br />any portion of the Policy as it deems proper. <br /> <br />The proposed Assessment Policy was presented by the Chair of the Assessment Policy Task <br />Force and discussed at the Council's Work Session on May 17,2004. <br /> <br />RECOMMENDED ACTION: <br /> <br />The Assessment Policy Task Force and staff recommend the 2005 Assessment Policy be <br />approved and implemented as part of the 2005 and future Pavement Management Programs. <br />