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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2006 PAVEMENT MANAGEMENT PROGRAM I G, PROJECT FUNDING I~ The project will be funded from several sources including Unit Assessments on the benefiting propelties, the City General Fund, the City Enterprise Funds for Watermain, Storm Water and Sanitary Sewer improvements. ASSESSMENT R" TE 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 residential properties with frontage abutting a street that is reconstructed shall be assessed on a per unit basis at the residential equivalent assessment rate. The per unit basis is calculated based on the average neighborhood unit size, particularly in a mixed neighborhood. The proposed assessment rate is based on fifty percent (50%) of the cost of the roadway project costs for the proposed 22-foot residential street section. The preliminary assessment role includes a total of 62 assessable units within the Ridgewood Neighborhood. The assessment role does not include the following properties located in the general project area: · Three properties which abLlt Snelling A venue and are accessed from Snelling A venue . 3583 Snelling Avenue which abuts Ridgewood Road but is accessed via Snelling A venue · The Island Beach Club parcel adjacent to Ridgewood Road and Arden Place (1200 foot frontage) . 1600 Lake Johanna Blvd. that abuts 250 of Siems Court but is accessed via Lake Johanna Blvd. · Two city owned parcels (Lift Station #4 and open space abLltting Ridgewood Road) Staff requests that Council provide direction as to whether or not these parcels should be included in the final assessment role. The total number of assessable units (62) divided by the total assessable amount (50% of roadway costs) results in a proposed unit assessment rate of approximately $8,800. If all of the parcels identified above were included in the assessment role (and assigned equivalent units), the total number of assessable units would be 84 (assigning two units to 1600 Lake Johanna Blvd and 12 units to the Beach Club Parcel). The proposed unit assessment rate Lmder this scenario would be approximately $6,500. The Preliminary Assessment Address Map that identifies the properties in the project area is included in the assessment role is attached in Appendix C I and the Assessment Role is attached in Appendix C2 l'RS 16