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I I I' I I I I I I II I I I I I I I , I 2005 PAVEMENT MANAGEMENT PROGRAM I G. PROJECT FUNDING , The project will be funded from several sources including MnDOT State Aid Fund, Unit Assessments on the benefiting properties, the City General Fund, the City Enterprise Funds for Watermain, Storm Water and Sanitary Sewer improvements, ASSESSMENT RUE DISCUSSION The proposed assessment for the project is based on the 2004 Revised Assessment Policy that was approved by the Arden Hills City Council on September 13, 2004, The policy states that commercial properties with frontage abutting a street that is reconstructed shall be assessed on a per unit basis at the commercial/industrial equivalent assessment rate. The per unit basis is calculated based on the average neighborhood unit size, particularly in a mixed neighborhood. Larger sized commercial lots may be sub-divided into smaller units for assessment purposes and to ensure equity. The proposed assessment rate is based on seventy percent (70%) of the cost of the roadway improvements plus all associated overhead cost for a typical commercial street section. The total number of lots that will benefit from the project and have property lines adjacent to a roadway that is be rehabilitated or reconstructed is 31. We have developed five unit assessment rates as follows: Dunlap St Reconstruction unit assessment: TH 51 Frontage Rd Alternatives I & 2 Reconstruction unit assessment: TH 51 Frontage Rd Alternative 3 Reconstruction unit assessment: Grey Fox Rd, Red Fox Rd, Northwoods Dr M&O unit assessment: $11,165,00 $12,151.00 $10,450,00 $3,709.00 The total number of units (121) calculated for this project is approximately equal to the total acreage of area properties, Therefore a 10 acre property is assigned ten assessment units for the project. Corner properties that are adjacent to both reconstruct and mill and overlay streets will have their units di vided proportionally for each frontage, Therefore, a 9 acre corner property would be assigned 9 assessment units of which 5 may be identified as Dunlap St reconstruction units and 4 as Grey Fox Rd M&O units. The two properties immediately east of the TH 51 Frontage Road will have different assessments depending on the option selected by the Council for that roadway, The Preliminary Assessment Role is attached in Appendix C and Exhibit C3 identifies the properties in the project area that arc included in the assessment role, URS 16