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<br />City of Arden Hills <br />2005 Assessment Policy <br /> <br />. <br /> <br />Sanitary Improvements <br />Water Main Improvements <br />Total Project Cost <br /> <br />$ 245,000 <br />$ 38,000 <br />$1,089,000 <br /> <br />Assessed to Property Owners: <br />Roadway Project Cost $ 601,000 <br />50% assessed $ 300,500 <br />Number of units in the neighborhood 60 <br /> <br />Per unit assessment: $300,500 divided by 60 equals $5,008 <br /> <br />2. Assessable Costs <br />The assessable cost of an improvement shall be defined as those costs that, <br />in the opinion of the City Council, are attributable to the need for service <br />in the area served by the improvement. <br /> <br />3. Petition <br />Petition shall mean a written document presented to the City Council for <br />purpose of initiating a public improvement project. The address of each <br />signatory, the date of the signature and a printing of each signatory's name <br />shall accompany all signatures. <br /> <br />e <br /> <br />4. Total Proiect Cost <br />Total project cost shall mean the total estimated construction cost plus all <br />associated overhead costs. Overhead costs shall include, but not be <br />limited to, City administration, cngineering, legal, fiscal, and interest <br />during construction and land acquisition. <br /> <br />5. Assessment Period <br />The length of payment period of various types of improvement projects <br />shall be as follows: <br /> <br />Mill and Overlay <br /> <br />5 years <br /> <br />Street <br />Reconstruction <br /> <br />10 years <br /> <br />e <br /> <br />In the case where several areas of the improvements listed above are <br />included in the same project, the assessment period shall be determined by <br />the City Council. In no evcnt shall an assessment period exceed ten (10) <br />years. <br /> <br />2005 Assessment Policy Manual - Page 7 <br />