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<br />PROPOSED FUNDING <br /> <br />The following City assessment policies are all being followed: <br /> <br />. The assessments shall not be for more than 25% of the cost to construct a 7-ton road <br />for all property zoning. <br /> <br />. Municipal State Aid (MSA) funds shall pay for all costs not collected by special <br />assessments. <br /> <br />. No costs associated with storm sewer or sidewalk construction will be assessed to <br />property owners. <br /> <br />. Any utility replacement/repair be funded by the appropriate utility fund and not <br />become part of the assessable portion of the project. <br /> <br />In addition to the public work proposed, this project may include the construction of a number of <br />private improvements. The cost of these private facilities is the responsibility of the benefiting <br />property owner. <br /> <br />. The benefiting property owner shall pay for private sanitary sewer repair. This cost <br />may be added to the property's assessment. <br /> <br />. The benefiting property owner shall pay for private driveway work. This cost must be <br />paid in full prior to such work and may not be added to the property's assessment. <br /> <br />State Aid rules allow for use of State Aid funds to construct a sidewalk as well as a portion of the <br />storm sewer items. Project financing is summarized on the next page. <br /> <br />Ramsey County did not set aside funds for future improvements as part of the tumback of this <br />roadway to Roseville. <br /> <br />Assuming this project is completed by Fall 2006, the final assessment amount would be <br />determined following an assessment hearing in the fall of 2007 and a thorough review of the <br />proposed assessments by the Council. <br /> <br />Project P-ST-SW-05-06 <br />S. Owasso Boulevard Reconstruction <br /> <br />Feasibility Report <br /> <br />27 <br />