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Special Assessment Policy for Street Improvements Background The City of Gem Lake.lms.adopted an Assessment Policy for the purpose of establishinga stable and continuing. source: of funding to: accommodate repair andreconstruction of the City's .streets. Minn. Stat. § 429 grants. the City the authority to. make:puiil I c imOro veinents.such as streets; sanitary sewers, storm sewers, and water systems. The. statute sets forth the procedure for assessing the property benefitted by the improvement: The. statute places on the City the responsibility, with the assistance of the City Engineer, City Attorney, and Appraisers or other qualified personnel, the duty to establish an equitable method. for cost shar'ing.among the properties benefitted. Purpose The purpose of this.Policy is to assure uniform.and consistent treatment of affected properties when preparing assessment rolls. Policy Assessable Costs The assessable costs.:of an.improvement shall be: defined:as those.costs in which the City Council, alter due consideration, determines are related to tine proposed improvement and tk benefits derived :from the improvement. The "Assessable Costs" should include the 1c.tal. estimated co. nstruction.cost plus City administrative costs, engineering, Iegal, fisca],.interest accrued during construction, assessment roll preparation and contingencies. Because the amount assessed is related to the benefit. received, theappraisa[ report is a guide to the.atnount of costs that. can be assessed: e. Assessment Period and Interest Assessments are to be collected in.equal annua1.installments over a. period of tiInc.determined by the Council but not.. to exceed 30 years. The interest rate is. determined at the: discretion of. the City Council: e Land .Use Any reference to Zoning: Classifications shall mean and refer to. the most -current approved zoning:map available at the time assessment proceedings. commenced.. • Assessment.Aren The area to be assessed as. determined by the City Engineer and approved by the City Council will be the area benefitted by the proposed improvement project. Assessment. Method Single Family Residential Unit Method This method is used for single dwelling residential properties. A unit shall be defined :as one buildable lot consistent with the City of Gem Lake's Zoning, building and subd ivision ordinances. Exceptas noted below,..a Lot.; no matter its shape:shalI all be treated as one unit. o Corner.Lot. A lot located at.a street intersection having both .fiont.and..side}lot footage -shall be assessed'lz unit for each side that abuts an improved street.. If a:driveway abuts both streets.and only one street is being, improved then the lot will be assessed '/2 unit. o. Double Frontage Lot: A lot with access: to: two separate non -intersecting or imersecting:streets but not a corner lot maybe. assessed for any street improvement. that it has direct access to. The.' assessment for this type of .Lot shall be: established on a case by case basis. Gem take Special Assessment Policy ror Strcct.Iinprovenients 1