CCP 05-24-2004 - Laserfiche WebLink

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City of Arden Hills 2005 Assessment Policy section. TIlis assessment rate shall be detemlined by tbe City Council, and established by resolu1ion on an annual basis, based upon comparable project data available to the City. AlJ properties with fronlage abutting a street that is reconslructed shall be assessed on a per unit basis at Ihe tax exempt equivalent assessment rate. This rate shall apply, regardless of the street's classification (local, collector, arterial, lrunk highway); designation (County State-Aid Highway, Municipal State-Aid Street); or jurisdie1ion (State, County or City). Mill and OverIav Improvements Mill and overlay improvements arc placed as a eosl-effee1ive measure to extend the useful street life of a particular roadway and 10 delay street reconstruction needs. As bituminous mill and overlays are constructed as long-term rehabilitation improvemen1s, the cost of these improvements shall be assessed as described below. From time to time, however, the Ci1y's Operations and Mainlenanee Department may detennine that small street areas need immediale bituminous overlay improvements for short-term maintenance purposes. These lypes of bituminous overlays, determined to be "slop gap" mainlenance needs rather 1han long-lerm street rehabilitation improvemenls, shall nol be assessed 10 abulting properties and shall be funded by the Cily. a. Residential Equivalent Assessment Rate All R-l and R-2 residenlialJy zoned properties wi1h tTonlage abulting a streel thai is overlaid with bituminous surfacing shalJ be assessed on a per unil basis al the residenlial equivalent assessmenl rate. This rate shall apply, regardless of 1he street's classificalion (local, colleclor, alierial, trunk highway); designa1ion (County State-Aid Highway, Municipal State-Aid Slrect); or jurisdiction (Slate, County or City). The residential equivalent assessment rate shall be based on fifty percent (50%) of 1he cosl of biluminous overlay plus all associated overhead costs for a typical residential street section. This residenlial equivalent assessmen1 ra1e shall be detemlined by 1he City Council, and established by resolution on an annual basis, based upon comparable project data available to Ihe Ci1y. 2005 Assessment Policy Manual - Page 4 . . .