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B. Additia�al f}ptio�s <br />�l <br />Ass� 2S°/a of project costs to all property types based on an �55�:558��� Foot;� <br />basis of the cost of a 7-ton roadway based Ori the costs for that �e�� of the �'r�t'e <br />�a}c:�i. <br />��.� <br />A� p%��ct costs at the following percet�t�� and caps based on �t�� <br />footage of the cost of a 7-ton roadway based on the costs far that segment of the <br />entire proj ect. <br />�► R-1 and R-2 Properties <br />• Tax Exempt Properties <br />� All other property types <br />25% with a cap of $20/assessable foot <br />50% with a cap of $40/assessabte foot <br />100% with a cap of $SOfassessable foot <br />Q�t��n #3 <br />Assess 10°/a-50% as set by Council per projeci of total project costs to all property <br />types based on assessable footage basis of the cost of a 7-ton roadway based on the <br />costs for that segment of the entire proj ect. <br />A concern raised for these three options is that assessments for non-R-1 and -R-2 <br />properties would be inconsistent with current assessment poiicy on non-MSA <br />roadways. <br />FINANCIAL IMPLICATIONS <br />Chris Miller, Finance Director, will be prepared to discuss financial impacts at the Council meeting. <br />RECOMMENDED COUNCIL ACTION <br />Direct staff as to desired changes to special assessments policy and to work with the City Attorney and <br />return to the Council with language changes that reflect the Council's intent. <br />Prepared by: Duane Schwartz <br />