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Page Assessments 11/8/93 We have calculated this assessment amount to be approximately $37.13 per foots This figure compares to the original assessment amount at the 100% rate of 89*18. For comparison, the 35% rate levied against all parcels zoned for multiple housing was . 31-, The rate representing .the incremental value for improvements added over and above the base value of the original road represents a new assessment of approximately i 42% of the original recommended amount. We recommend n this case that the assessments against the two co=ercial properties be reduced to the new front foot figure listed. For the apartment building at 2900 H ighcre st, the written objection was filed by the O'Connors. The appraiser has reviewed this situation in conjunction with other multiple housing developments along old Highway S. In this case, it is his opinion that the 5 assessment rate can be substantiated and the assessment as proposed does net exceed the benefit. For this reason, - it is recommended that no change be made to this assessment. In the past soma assessments were levied for improvements to Highcrest using the assessment policyr only a small percentage of the frontage on H ighcrest was charged for that past improvement For Project 9 -25, railroad crossing improvements 'to Terminal Road,, we received two written objections. -one was from the 614 company. Their objection is that they believe the assessment far exceeded the benefit resulting from the improvement. The second objection came from Willemette Industries, formerly Boise cascade. Their objection was not to the assessment amount but that the assessment should be paid by the railroad based on a previously existing lease agreement between Boise Cascade and the Minnesota Commercial Railroad* For the railroad crossing, the appraiser indicates thatf because of the remoteness of the parcels{ the assessments originally proposed to be levied are ecessivee He suggests that an area assessment in the range of approximately $eol peg` square foot is the maximum total amount that could be legally defended. The original assessment roll had a front foot charge of $15.88 and an area assessment of $432 per acre for the two parcels objecting. Because of the different nature of the objections filed, we believe it appropriate to consider reducing the assessment against the 614 parcel p Industries but allowing the Boise cascades now the Willemette assessments to stand as presented. Initially, Boise Cascade was one of those parties requesting -the improvement, and we think their. issue is not the validity of the assessment but who pays the assessment. For this rdas on, we recommend the front foot assessment be removed from the 614 parcel and only the area assessment of $432 per acre be charged* However,, the original assessment should stand as proposed for the Willemette parcel. If a later legal assessment appeal is filed by Willemette,, - we could reduce the assessment by eliminating the front foot figure. However, this is not recommended at this time, since Boise Cascade was one of the original parties agreeing to the improvement.