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CCP 09-10-2001
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CCP 09-10-2001
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<br />I <br />I <br />f <br />I <br />I <br />I <br />I <br />I <br />I <br />.. <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />, <br />I <br /> <br />9.7.01 <br /> <br />The major categories of funding sources are I) Ad Valorem Taxes 2) Special <br />Assessments 3) Development Charges [Building Permits, Land Development <br />Fees and Land Exaction] 4) Grants. The City does have a storm water utility <br />inplace. Following is a description and financing principles used with each of <br />these financing mechanisms. <br /> <br />Table 3 illustrates the advantages and disadvantages of the different financing <br />methods. <br /> <br />Ad Valorem Tax <br /> <br />General taxation is the most common revenue source used to finance <br />government services including minor maintenance measures for drainage and <br />water quality facilities. Using property tax has the effect of spreading the cost <br />over the entire tax base of a community. <br /> <br />A special tax district can also be used to raise revenue. The special tax district <br />is similar to the administrative structure under general taxation except that all <br />or part of the community may be placed in the tax district. The principle is to <br />better correlate improvement costs to benefitted or contributing properties. <br /> <br />Special Assessments <br /> <br />Municipalities are familiar with the use of special assessments to fmance <br />special services from maintenance to construction of capital improvements. <br />The assessments are levied against properties benefiting from the special <br />services. The philosophy of this method is that the benefitted properties pay in <br />relation to benefits received. The benefit is the increase in the market value of <br />the properties. <br /> <br />Development Charges <br /> <br />Fees charged to new development which generate runoff can be charged to <br />finance infrastructure needed to serve the development. This is a useful tool in <br />communities that are rapidly developing. <br /> <br />City of Arden Hills, Minnesota <br />Local Water Resource Management Plan <br /> <br />A-ARDEN0101.00 <br />Page 35 <br />
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