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<br />I. The cost of lateral storm sewer Improvements maintenance, new and reconstruction within <br />the area where streets are receiving major maintenance will be included in the project cost to <br />be llllsessed at the $amC rate as the ;itreet pOl'tion. <br /> <br />2. The total coat oflatel'al s~mitUl'Y sewer and water main maintenance and reconstruction within <br />the fire a where streets fire receiving major maintenance will be included in the project COllt to <br />be assessed. <br /> <br />3, The total cost of' new lateral sanitary sewer and water main construction will be assessed <br />against the propel"ties receiviltg sanitary sewer and water service by the new construction. <br /> <br />8. Trunk Storm Sewer, Sanitary Sewer and Water Main: <br /> <br />1. Properties which have paid area and connection charges will not be assessed for trunk utility <br />improvements. <br /> <br />2. Propel1:.ies which luwe not paid area and connection charges will be charged for such charges <br />if trunk improvements are performed in oonjunction with the road major maintenance. The <br />area and connection charges will b~ based 011 the rates established by the City Council by <br />resolution. <br /> <br />IV, EINi\NCl1'jG <br /> <br />Adopted: <br />Revised: <br />Revised: <br />Revised: <br />Revised: <br />Revised: <br /> <br />A. <br /> <br />The cost ofthe major maintenance and related \.Itllity improvements will be <Issessed over II period not <br />to exceed 15 years. <br /> <br />e, <br /> <br />The project costs not funded by assessments will be funded from general city revenues. The City <br />Council may specify otherfundlng sources if they are available and their expenditure is specitically <br />authorized by the Council. <br /> <br />C. <br /> <br />When Washington County has developed the capability, the assessments shall be spread on an equal <br />payment basis. <br /> <br />D, <br /> <br />At such time as a uniform charge based on land use types, i.e. street LltiIity, method of financing <br />becomes un option this p()licy will be re-evaluated by the Council. <br /> <br />E. <br /> <br />The assessmel,t rate will be bllsed on the project cost including the rate of interest on bonds sold to <br />finance the project. No surcharge shall be placed upon the interest rate. <br /> <br />June 26, 1991 <br />April 8, 1992 <br />August 24, 1994 <br />October 10. 1996 <br />December 16, 1998 <br />January 28, 2004 <br /> <br />-38- <br />