2005-11-22_PWETC_AgendaPacket - Laserfiche WebLink

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DRAFT ASSESSMENT DISCUSSION: State Statute 429 has two major points to consider when justifYing assessments, first, the assessment has to treat similar properties equally, and second, the amount of the assessment has to be equal to or less than the resulting increase in propelty value. We have explored a number of different options for establishing an assessment rate for this year's project. Option A: Use assessable frontage to establish assessment rate. ($49.67/ foot) The City's practice has been to set the assessment rate using actual assessable frontage on the road. The majority of Rosel awn Avenue houses on the Roseville side are side yard frontages which are calculated at 10% of the actual lot line length. Strictly applying the City's assessment policy, the assessable footage for this project is 1490.81 feet. This is a little more than half of what is could be considered "assessable frontage". As a result using the actual assessable frontage of this street to set assessment policy, sets the 100% assessment per foot rate at $198.68/ foot. This significantly increases the proposed assessment amount. The assessment rate for this option would be $49.67/ ft ($4967 for a 100 foot wide lot). This assessment rate is a little less than double our average historical assessment rate of $25/ foot. Option B: Centerline length to detell11ine assessment rate. ($28.05/ foot) Roselawn Avenue is 2640 feet long (0.5 miles) Ifwe were to use the actual length of the road to determine the rate per foot this rate would be closer to what has historically been the assessment rate. We recommend that the City proceed with Option B to set the assessment rate for this reconstruction project. While the rate is still higher, this is consistent with what we have been experiencing with construction projects. With the increases in the price of oil, we have seen all of our project costs increase in the last 5 years. STREET ASSESSMENT SUMMARY Estimated total street construction project cost (9-ton road) $727,859.38 Estimated 7-ton road construction project cost $592,390.63 City of Roseville share of cost $296,195.31 Option B total assessable footage 2640 Engineer's recommended for street assessment: 100% of project cost/foot 25% of project cost/ foot $112.20 $28.50 Project P-ST-SW-06-02 Roselawn Avenue Reconstruction Feasibility RepOlt 18