2005-11-22_PWETC_AgendaPacket - Laserfiche WebLink

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DRAFT PROPOSED FUNDING A. Public Improvement Assessments: Assuming this project is completed by Fall 2006, the final assessment amount would be detennined following an assessment hearing in the fall of 2006 and a thorough review of the proposed assessments by the Council. The following City assessment policies are all being followed: . The assessments shall not be for more than 25% ofthe cost to construct a 7-ton road for all property zoning. . No costs associated with storm sewer or sidewalk construction will be assessed to propelty owners. . Any utility replacementlrepair be funded by the appropriate utility fund and not become part of the assessable portion of the project. B. Private Improvement Costs: In addition to the public work proposed, this project may include the construction of a number of private improvements. The cost of these private facilities is the responsibility ofthe benefiting property owner. . The benefiting property owner shall pay for private sanitmy sewer repair. This cost may be added to the property's assessment. . The benefiting property owner shall pay for private driveway work. This cost must be paid in full prior to such work and may not be added to the property's assessment. C. Turnback funds: Ramsey County set aside fnnds for future improvements as part of the turnback of this roadway to Falcon Heights and Roseville. Their contribution will be $175,000. D. Utility Funds: Each City will pay for their individual City utility replacement! repair. This work will be funded by the appropriate utility fund and not become part of the assessable portion of the project. E. MSA funds: Municipal State Aid (MSA) funds shall pay for all remaining project costs. Project P-ST-SW-06-02 Roselawn Avenue Reconstruction Feasibility Report 17