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<br />. <br /> <br />. <br /> <br />. <br /> <br />City of Arden Hills <br />2005 Assessment Policy <br /> <br />b, Commercial/Industrial EquivaIenl Assessment Rate <br />All commercially or industlially zoned properties wi1h fron1age <br />abutting a strcct that is overlaid with biluminous surfacing shall bc <br />assessed on a unit basis al the commerciallinduslrial equivalent <br />assessment rate. <br /> <br />This rate shall apply, regardless of the street's classification (local, <br />collector, arterial, trunk highway); designa1ion (County State-Aid <br />Highway, Municipal State-Aid Street); or jurisdiction (State, County <br />or City). <br /> <br />The commcrciallindustrial equivalent assessment rale shall be bascd <br />on seven1y percent (70%) of the cost of a bituminous overlay plus all <br />associaled overhead costs for a typical commercial street seclion. This <br />commercial/industrial equivalent assessment rate shall be determined <br />by the City Council, and established by resolution on an annual basis, <br />bascd upon comparable projcct data availablc to thc City. <br /> <br />c. Tax Exempt (non-profits, churches, schools, organizations, <br />groups) Equivalent Assessment Rate <br />All tax exempl propcrties wi1h frontage abutting a street thai is <br />overlaid with bituminous surfacing shall be assessed on a per unit <br />basis at Ihe tax exemp1 equivalenl assessment rate. <br /> <br />This rate shall apply, regardless of the street's classification (local, <br />collector, arterial, trunk highway); designa1ion (Counly Stale-Aid <br />Highway, Municipal State-Aid Street); or jurisdiclion (State, County <br />or City). <br /> <br />The tax exempt cquivalent assessment rate shall be based on one <br />hundred percent (100%) of the cost of bituminous overlay plus all <br />associated overhead cos1s for a typical residential street section. This <br />tax exempl equivalent assessment rate shall be detem1ined by lhe Ci1y <br />Council, and established by resolution on an aJlliual basis, based upon <br />comparable project data available to the City. <br /> <br />Allev <br /> <br />All reconstruction shall be assessed 50% 10 the abutting proper1ies. The <br />assessmenl shall be on a per unit basis for the property fronlage on the <br />alley. <br /> <br />2005 Assessment Policy Manual Page 5 <br />