03-21-05 - Laserfiche WebLink

Home Browse Search

. . . Memorandum March 21, 2005 Page 3 Proposed Assessment Roles: We have attached two proposed assessment roles for the project. Assessment Role 1 includes the TH 51 Option I improvements. Assessment Role 2 includes the TH 51 Option 2 improvements. Assessment Role 1 includes the costs for constructing the new TH 51 access along Grey Fox Road and the cui de sac for Red Fox Road as part of the mill and overlay assessment for all of the neighborhood property owners. Assessment Role 2 assigns the reconstruction costs associated with the TH 51 frontage road to the two abutting properties to the east with the City covering the remainder. This is the first year implementing the new unit assessment rate policy. We have defined a unit in this neighborhood to be equivalent to one acre and have rounded property areas to the nearest acre. For example a 6.7 acre property is assessed based on 7 units. Properties on comers with reconstruction and overlay have their units split by 50% for each frontage. For example, a comer property with 8 assessment units would have 4 units of overlay assessment and 4 units of reconstruction assessment. The proposed assessment rates are as follows: Dunlap Reconstruction: $13,218/unit Overlay (with TH 51 Option 1): $4,194/unit Overlay (with TH 51 Option 2): $3,678/unit TH 51 Reconstruction (Option 2): $11,927/unit Note: If TH 51 Option 1 is selected by Council, all of the assessment units for httemational Paper and Smiths are included with the Red Fox/Grey Fox Overlay pool. A total of $674,122 would be assessed if Option 1 is selected. A total of $727,673.80 would be assessed if option 2 is selected. Project Funding The project is proposed to be funded through assessments, city street funds, city general fund, state aid funds (street and storm sewer improvements are eligible) , storm water enterprise funds and watermain enterprise funds. The CIP and feasibility report provide options for funding sources. The City Engineer and staff will discuss options for funding breakdown to receive Council direction at the worksession. Public InvolvementJCommunication: URS and City staff have met with several of the property owners in the project area and have had personal communication via telephone with the majority of property owners in the project area. Discussions with MnDOT staff have indicated a preference to keep the TH 51 access at or south of the existing location to maximize the available weaving distance on TH 51. A resident survey regarding sidewalk construction was mailed to all property owners. Several owners have replied to date with the majority (possibly 100%) opposing the construction of any sidewalks. Two property owners attended the public hearing on February 14,2005 (representing East Side Beverage and httemational Paper).