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<br />City of Arden Hills <br />2005 Assessment Policy <br /> <br />. <br /> <br />6. Municipal State-Aid Streels <br />Municipal Slate-Aid Slreets arc routes designated by the Cily Council and <br />approved by the Commissioner of Transportation for inclusion in the <br />City's Stale-Aid sys1em. All roules typically begin and end on another <br />municipal statc-aid road, county state-aid road or trunk highway. <br /> <br />The cri1eria used in selecting such routes are as follows: <br /> <br />a. Thc route is projec1ed 10 carry a relatively heavier traffic volumc or is <br />functionally classified as colleclor or artcrial as identified on the City's <br />functional plan as approved by Ihe City Council; and, <br /> <br />b. The roule connects the poinls of a major traffic interest within Ihe <br />City; and, <br /> <br />c. The route provides an intcgraled street system affording, within <br />prac1ical limits, a state-aid street nctwork consistent with projected <br />traffic demands. <br /> <br />7. Municipal State-Aid Construction Funds <br />Municipal Stale-Aid eonstruc1ion funds are monies apportioned to Ihe Ci1y <br />from the State 10 be used for 1he construction of routes designaled on the . <br />Municipal Slate-Aid system. All construction funded with Ihese monies <br />must be in accordance with the Minnesota Departmenl of Transportation <br />(MnDOT) Office of State-Aid design crileria. <br /> <br />Municipal State Aid (MSA) Funds will be ulilized to offsct the cily's <br />portion of the project cost. <br /> <br />8. Interest Rate on Unpaid Balance <br /> <br />The interest rate used for the assessmenl shall be designaled at the prime <br />rate plus two (2) percentage poin1s, fixed for lhe duration of the <br />outstanding balance. The effeclive date ofthe interest shall be the date the <br />Council approval of the assessment role. <br /> <br />9. Land Not Included in Assessment <br />The City may reserve the righ1 to delele land within the assessable area <br />from the assessment roles if, in its opinion, the land cannot be developed <br />and/or the improvemen1 does not provide benefit. No developmenl of that <br />property shall be pennilted, nor shall any physical connection to the City's <br />u1ility or drainage facilities be made by any development on that property <br />until the assessment or connection fees are paid. <br /> <br />. <br /> <br />2005 Assessment Policy Manual _.. Page 8 <br />