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<br />c. Assessment rates would be set as follows: <br />The base rate shall apply to low density residential <br />properties. <br /> <br />The base rate times 1.25 shall apply to medium and high <br />density residential. church and school properties. <br /> <br />The base rate times 1.5 shall apply to commercial property. <br /> <br />The base rate times 2.0 shall apply to industrial property. <br /> <br />d. Credits may be given for previous storm sewer assessments <br />existing systems and any future additional construction <br />which may be necessary as determined by the City Engineer <br />for complete service to each property. Credit rates for <br />future construction shall be based on current prices. <br /> <br />2. Storm Sewer Lateral Rates <br />The lateral storm sewer project costs will be assessed by one of <br />the following methods as determined by the City Council after <br />the project feasibility study. <br /> <br />a. Lot/Equivalent Lot Basis <br />Determine the total number of lots and equivalent lot units <br />receiving lateral benefit and divide the project cost equally <br />among them. <br /> <br />b. Front Footage Basis <br />Determine the total assessable front footage of all lots and <br /> <br />17 <br />