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<br />. <br /> <br />. <br /> <br />. <br /> <br />~ <br /> <br />~ <br />EN HILLS <br /> <br /> <br />MEMORANDlJM <br /> <br />DATE: <br /> <br />April 13,2006 <br /> <br />AGENDA ITEM 2.B <br /> <br />TO: <br /> <br />Mayor and City Council <br /> <br />Kristine Giga, Civil Engineer t~. <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />2006 PMP Ridgewood Neighborhood Assessments <br /> <br />BACKGROUND <br /> <br />At the March 20, 2006 work session, staff briefly discussed special assessments and how they <br />relate to the 2006 PMP project. Bascd on the discussion, Council rcqucstcd some additional <br />information, which staff is providing at this timc. <br /> <br />DISCUSSION <br /> <br />Assessment schedule <br />Staff reviewed the assessment history for the past thrce projects (2003 PMP- Ingcrson <br />Ncighborhood, 2004 PMP- Edgewatcr Neighborhood, and 2005 PMP- Grey Fox <br />Neighborhood) to identify the impact of the increases in final project costs as they related to <br />assessments. It was determined that the additional costs incurred with the projects were a <br />result of additional utility work required, not because of an increase in the road improvement <br />costs. Utility improvements are funded through the enterprise funds and are not assessed to <br />property owners. Based on this information, staff is recommending that the assessment <br />schedule remain as currently stated in the assessment policy, which is to assess at the <br />beginning of the project and base the assessment on the engineer's estimate. <br /> <br />Assessment Policv/Assessable Units <br />The following information regarding residential equivalent assessment rates is taken from the <br />Assessment Policy, adopted in 2004. <br /> <br />\\Metro-inel.Us.\ArdenHills\PR&P\V'Engineeling\2006\ Work SessIons .4- 17 -06 Assessmenls.doc <br />