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<br />. <br /> <br />. <br /> <br />. <br /> <br />City of Arden Hills <br />2005 Assessment Policy <br /> <br />Strcct Reconstruction <br /> <br />a. RcsidcntiaI Equivalcnt Asscssmcnt Ratc <br />All R-l and R-2 residentially zoned properties with tronlage ahulting <br />a street that is reconstructed shall be assessed on a per unil basis at Ihe <br />residential equivalent assessment rate. <br /> <br />This rate shall apply, regardless of the streel's classification (local, <br />colleclor, arterial, trunk highway); designa1ion (County State-Aid <br />Highway, Municipal Slate-Aid Street); or jurisdiction (State, Coun1y <br />or City). <br /> <br />The residential equivalent assessment rate shall be based on fifty <br />percent (50%) of the total cosl of street recons1ruc1ion, including all <br />associated overhead cosls for a typical residential street section. This <br />residenlial equivalent assessment rate shall be determined by the City <br />Council, and established by resolution on an annual basis, based upon <br />comparable project data available to the City. <br /> <br />b. Commercial Equivalent Assessment Rate/All Other Zoning <br />Classifications Assessment Ratc <br />Commercial properties with trontage abutting a stree1 that is <br />reeonstrucled shall be assessed on a per unit basis a1 the <br />commercial/industrial equivalent assessment rate. The per unit basis is <br />calculated based on the average neighborhood unit size, particularly in <br />a mixed (residential and commercial) neighborhood. Larger sized <br />commercial lots may be sub-divided into smaller units for assessmenl <br />purposes and to ensure equity. <br /> <br />This rate shall apply, regardless of the street's classifica1ion (local, <br />colleclor, arterial, trunk highway); designation (County Slate-Aid <br />Highway, Municipal State-Aid Slreet); or jurisdiction (State, County <br />or City). <br /> <br />The commercial/industrial equivalent assessment rate shall be based <br />on seventy percent (70%) of the cost of street reconstruction plus all <br />associated overhead costs for a typical commercial street section. This <br />commercial/industrial equivalent assessment rate shall be determined <br />by the City Council, and estahlished by resolution on an annual basis, <br />based upon comparable projecl data available to the City. <br /> <br />c. Tax Exempt (non-profits, churches, schools, organizations, <br />groups) Equivalent Assessment Rate <br />The tax exempt equivalenl assessment rate shall be based on one <br />hundred percent (l00%) of the total cost of streeJ reconstruction, <br />including all associaled overhead costs for a lypical residential slreel <br /> <br />2005 Assessment Policy Manual - Page 3 <br />