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I - 14 101 � Background.* In September of this year, the City Council, held heafings and assessed property 9 owners for several improvements constructed in 1996., One project, P-961-06-24 I involved the reconstruction, of Rose Place immediately east of Walnut Street. During the assessment heafing for this project, the Council, approved a, reduction in the assessment rate from $99.49 per foot to $54.60, per foot to account for the unassessable railroad, I il reduced the proposed nght-of-way along the north side of this project. In addition, the Counci assessment to the comer property on, Walnut Street owned by the 614 Company from $316,562.00 to, $15,00615.00. 4ptspite the Council revisions, the 614 Company has appealed the proposed assessment to, District Court. As, with all such appeals, staff has reviewed the assessment in more detail with the 0 a property owner, the City Attorney and the City 51 s ffort appraiser in an, e to settle the appeal without spending a great deal on, legal, appraisal and, court fees. The 614 Company property has 672 feet of frontage on Walnut Street and 367 feet of fTontage on Fkose Place. For assessment purposes, the City" s policy treats the Rose Place, frontage as the fron6 of the lot which, les 100% assessable and the Walnut frontage as the side of the lot which is not fully assessed. In 1989, the City reconstructed Walnut Street. The 614 Company'si frontage on Walnut Street was assessed, for 53 7 feet of' Side lot +1i and not for its, entire length.