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<br /> <br />Your assessment depends on the size of your lot, the zoning of the property, and the total improvement <br />cost. For street and drainage projects, the City policy is to assess 25 percent of the total costs to the <br />benefiting residential properties. All residential street reconstruction projects in any given year will be <br />assessed at the same rate. This rate is arrived at by dividing the total cost for all residential street <br />reconstruction during that year by the total assessable frontage. <br /> <br />The following are examples of how assessments are calculated for residential lots assuming $25 per <br />assessable foot. (Numbers are not actual costs.) The examples represent the most common situations. <br />Lots that have a unique situation are examined separately. <br /> <br />Lot A = Interior lot with <br />85' of assessable frontage <br />85' x $25/ft = $2,125 <br /> <br />Lot D = Odd lot whose rear dimension <br />differs from the front by more <br />than 25% <br />Lot has 11,375 sqft <br />11,375 sq ft /(130 + 134.6) = 86 ft <br />2 <br />of assessable footage <br />86' x $25/ft = $2,150 <br /> <br /> - <br /> '" <br /> co <br /> - <br /> '" <br /> co <br />~ - <br />'" <br />co <br />. <br />'" <br />co <br />- <br />'" <br />co <br /> <br />Lot B = Corner lot short side 100' <br />assessable frontage <br />100' x $25/ft = $2,500 <br /> <br />.11. <br />e. <br />- <br />f/l <br /> <br />-m <br />g - <br />~ 0 <br />-.l <br />85 . <br /> <br />85 . <br /> <br />Lot C = Corner lot long side 10% <br />or 13' of assessable frontage <br />13' x $25/ft = $325 <br /> <br />" <br />.e <br />u 8 <br />2 ~ <br />l <br />:Q. <br />.U <br />'" <br />:0:: <br /> <br />130' <br />ILot B I <br /> <br /> <br />'" <br />CD <br /> <br /> <br /> <br />Assessment costs can be deferred <br />for seniors and disabled citizens <br />for whom the assessments would <br />cause a financial hardship. For <br />specific infonnation on <br />qualifying, call the City's <br />Assistant Finance Director at <br />651-792-7032. <br /> <br />Approximately one year after the project has been completed; you will <br />receive a notice inviting you to a public assessment hearing on the <br />project. These hearing are usually held in September. It is at this <br />hearing that the final assessments will be adopted by the City Council. <br />Following the hearing, you can pay your assessment in one oftwo ways: <br /> <br />. If you wish, you may pay your assessment in full within 30 days <br />following the assessment hearing and avoid interest charges. <br />. If you choose not to prepay, your assessment will be collected <br />with your property taxes over a IS-year period with interest. <br />