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AR-DEN HILLS CITY COUNCIL-April 27, 2009 13 Councilmember Holmes asked for clarification on the per unit assessment amount of$6,601.69 and $6,990.03. Civil Engineer Giga stated that the difference in the assessment amounts would be determined by the number of REUs which may change based on the Council's decisions regarding the five REUs in question. Councilmember Holmes asked Civil Engineer Giga to explain why Lindy Park is not included. Civil Engineer Giga stated that Old Snelling use to be Snelling and that right-of- way is significantly wider than what would be typical on a roadway. Lindy's triangle is within that wider right-of-way and it is not a delineated parcel. The City's assessment policy discussed delineated parcels only and Lindy's Park is not a delineated parcel. Councilmember Holmes clarified that the other park is delineated. Civil Engineer Giga stated that Freeway Park is delineated. Councilmember Holden asked if the cost for Lindy's Park is spread through the costs of the remaining units. She asked Civil Engineer Giga to provide a breakdown of this area when the assessments are brought back to the Council. Mayor Harpstead stated that in terms of length of assessment the last assessment had been extended out to ten years. Civil Engineer Giga stated that the mill and overlay from 2007 had been extended from five years to seven years and this assessment is set at ten years but could be extended if the Council directed Staff to do so. Mayor Harpstead stated that the ten years would be acceptable. He stated that Finance Director Iverson had suggested a change. Finance Director Susan Iverson suggested that the City look at doing an equal annual installment so that the amount would be consistent and people would be better able to budget for the amount. The equal annual installment would be similar to a house payment in that the interest payment would be greater in the beginning and the principle payment would increase as time progresses. Currently the assessment policy calls for equal annual principle payments which would be a larger payment amount in the beginning and the payments was progressively get smaller.