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<br /> <br />Gem Lake News Page 2 of 6 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />It is projected that roughly speaking the cost of <br />the project would be assessed at around $8,600 <br />per acre for part one and around $10,000 per <br />acre for part two. <br /> <br />For Part 1, all parcels in the business district <br />would be subject to the first assessment. For Part <br />2, only those businesses that would directly <br />benefit by being able to hook up to water as a <br />result of the extension would be subject to the <br />second assessment. There are currently about six <br />businesses that would be affectedby the second <br />assessment at this time. <br /> <br />If all goes as planned, the council would approve <br />the project plans and advertise for bids to do the <br />construction project. It is thought that the bids <br />would be accepted in the next few months, then <br />an assessment hearing would be held, probably <br />later in the year. <br /> <br />Assessment amounts would take into account the <br />percentage of the serviced area that each <br />property owner has and independent appraisals <br />done by a third party as to how much the <br />improvement would add to the value of that <br />property. At the assessment hearing, affected <br />properties in the business district would know the <br />projected assessment for their property, and be <br />able to vocalize their opinion on the cost versus <br />benefit equation as it pertains to their situation. <br /> <br />If all is still a go, construction would start and <br />would probably happen next Spring. There are <br />numerous steps involved in bringing additional <br />municipal services to property owners, many of <br />these steps are required by state law. Your input <br />will be vital. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Important Public Hearing Held on August 13 on <br />Water Project for Business District <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Initial 2016 Budget <br />Presented <br />(Continued from page 1) <br />It is also not uncommon, especially in Gem <br />Lake, for the final budget to be smaller than <br />the preliminary one. (This happened both last <br />year and the year before for the budget years <br />of 2014 and 2015.) <br /> <br />The 2016 preliminary budget includes <br />increases in the areas of planning and zoning, <br />police and fire protection and other <br />contingencies. <br /> <br />The Gem Lake tax levy will account for <br />approximately one third of a typical property <br />tax bill, the other two thirds coming from school <br />and county taxes. The budget will be <br />discussed again throughout the fall as final <br />numbers come in for public safety and other <br />areas. <br /> <br /> <br />