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306 Mr. Schwartz advised that property owners were protected under Chapter 429 <br />307 language, noting that property owners already had the option to require an <br />308 appraisal, with the City having to prove the benefit to individual properties. <br />309 <br />310 <br />311 <br />312 <br />313 <br />314 <br />315 <br />316 <br />317 <br />318 <br />319 <br />320 <br />321 <br />322 <br />323 <br />324 <br />325 <br />326 <br />327 <br />328 <br />329 <br />330 <br />331 <br />332 <br />333 <br />334 <br />335 <br />336 <br />337 <br />338 <br />339 <br />340 <br />341 <br />342 <br />343 <br />344 <br />345 <br />At the request of Member Vanderwall regarding the cost of and process for <br />appraisals, Ms. Bloom advised that the average appraisal cost to determine the <br />market rate for residential properties was $3,500.00; with that appraisal providing <br />comparable sales and average increase in values for similar properties. Ms. <br />Bloom advised that commercial appraisals were variable, with a recent Nicollet <br />Mall appraisal costing $20,000.00. <br />In using the recent Rice Street — Phase I project as an example, Mr. Schwartz <br />advised that the majority of that project was funded by federal and state bonding <br />funds, with little in local dollars. However, in noting that not all costs were yet in, <br />Mr. Schwartz opined that in all likelihood, when all funding sources had been <br />identified, the City of Roseville's cost -share of the project would be confined to <br />utility replacement costs. <br />In using Phase I of the Ri <br />million project, Roseville <br />replacement. <br />Mr. Schwartz noted that t <br />in noted that, of the $28 <br />lately $200,000 for utility <br />Em <br />construction estimates <br />346 However, Ms. Bloom provided a specific example of a challenging situation in <br />347 the past and applying the 50% assessment scenario. The project was for the <br />348 signal at Hamline Avenue and Commerce Streets, with Hamline Avenue a County <br />349 road, although he west leg is city -owned and the east leg is a private street; and <br />350 there were no funding mechanisms in place for the west leg, since it was a private <br />351 driveway, with the City of Roseville responsible for 50% of that project. Ms. <br />Page 8 of 15 <br />