2010-02-23_PWETC_AgendaPacket - Laserfiche WebLink

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Mn/DOT Bridge Funds $ 5,000,000 Mn/DOT Cooperative Agreement $ 590,000 City of Roseville $ 465,000 City of Little Canada $ 350,000 City of Maplewood $ 120,000 Roseville Community Requested Facility $ 325,000 Surcharge (CRFS) Little Canada Franchise Fee $ 350,000 Other Funds $ 3,800,000 Total $ 28,700,000 The County is in the process of working with the Metropolitan Council to have the current Surface Transportation Improvements Plan (STIP) amended to include the project. The STIP must include the project in order for the Federal STP funds to be used. The County is also working to secure additional DEED money for the project. The total proposed city of Roseville funding allocated to the project is as follows: Financing Source Estimated Amount Municipal State Aid (MSA) $ 201,380 Special Assessments $ 69,820 Water Utility Fund $ 193.800 Total $ 465,000 Roseville's share of the overall project cost is, therefore, approximately 2 percent. 6. ESTIMATED ASSESSMENTS A portion of the City of Roseville's cost participation for this project is proposed to be provided by special assessments to the benefiting property owners. State Statute 429 has two major points to consider when justifying assessments. First, the assessment has to treat similar properties equally. Secondly, the amount of the assessment has to be equal to or less than the resulting increase in property value. If construction of the proposed improvements is completed by fa112011, consistent with the current schedule, the final assessment amount would be determined following an assessment hearing in the fall of 2012 and a thorough review of the proposed assessments by the Council. To develop the preliminary assessment roll the following items were assumed: All properties that have frontage on Rice Street are proposed to be assessed. Each lot has a long side and a short side. If the property has a short side on Rice Street, 100% of the frontage is assessable. To establish assessable frontages for non-residential corner lots where the long side is on Rice Street, the frontage is calculated as follows: assess 10% of the long-side frontage for the first 150 feet; any additional assessable footage will be calculated 100%.