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HomeMy WebLinkAbout92-023 . CITY OF ARDEN HILLS RAMSEY COUNTY. MINNESOTA RESOLUTION 92 - ~ A RESOLUTION ESTABLISHING RESIDENTIAL EQUIVALENT ASSESSMENT RATE FOR STREET RECONSTRUCTION WHEREAS, the City Assessment Manual outlines the methods of determining that the residential equivalent assessment rate shall be based on 50% of the cost of street reconstruction plus all associated overhead costs for a typical residential street section and 100% of the cost of storm sewer improvements. WHEREAS, the reconstruction of Tiller Lane requires storm sewer improvements, soil s correction and street improvements as presented at the February 10, 1992 public hearing for said improvem~nt. WHEREAS, the City Council shall establish, by resolution, the residential equivalent assessment rate on an annual basis as determined by comparable project data available to the City. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills, Minnesota: . 1. The residential equivalent assessment rate for street reconstruction improvements constructed in 1992 shall be $29.27 per assessable front foot. Passed and adopted this 30th day of March, 1992. / / ; / l _________t- -/ /1 I" /~t1trJ./j Tom Sather, /7'( .' / r/r i/ / ,.,~ /: .' '( ~1/ I/"---"--~ Mayor .,/'/ '~4~' ~uty City Clerk .