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Address <br />8000 Highway 10 NW <br />7955 Riverdale Drive <br />7945 Riverdale Drive <br />7815 Riverdale Drive <br />7103 Riverdale Drive <br />Owner <br />Premier Armstrong LLC <br />TIRAED LLC <br />Pearson Investments LLC <br />DSB Ventures LLC <br />Pearson Investments LLC <br />Area of Lot (ac) <br />1.11 <br />1.23 <br />4.57 <br />2.38 <br />6.84 <br />Connection Charge ($3,308 /ac) <br />$3,67L88 <br />$4,068.84 <br />$15,117.56 <br />$7,873.04 <br />$22,626.72 <br />Lateral Benefit Charge ($3,328/ac) <br />$3,694.08 <br />$4,093.44 <br />$15,208.96 <br />$7,920.64 <br />$22,763.52 <br />Address <br />7850 Riverdale Drive <br />7820 Riverdale Drive <br />Vacant, unassigned <br />7550 Highway 10 NW <br />Total <br />Owner <br />The Bank of Elk River <br />Jesse Ternus <br />Brad Fitch <br />Hope Fellowship of <br />Ramsey Inc <br />2 -01 LLC <br />Area of Lot (ac) <br />1.53 <br />1.6 <br />29.24 <br />15.44 <br />63.94 <br />Connection Charge ($3,308/ac) <br />$5,061.24 <br />$5,292.80 <br />$96,725.92 <br />551,075.52 <br />$211,513.52 <br />Lateral Benefit Charge ($3,328/ac) <br />$5,091.84 <br />$5,324.80 <br />$97,310.72 <br />- <br />$161,408.00 <br />Connection Charges — Sanitary Sewer <br />The City's schedule of rates and charges currently specifies connection fees for trunk sanitary <br />sewer (connection charge) and lateral sanitary sewer (lateral benefit charge) which would be <br />preferable for recapturing the capital investment for the utilities associated with this project. <br />According to the adopted 2013 schedule of rates and charges, the above - mentioned fees are as <br />follows: <br />Sanitary Sewer Charges <br />Sanitary Sewer Connection Charge (Commercial /Industrial)$3,308 per acre <br />Sanitary Sewer Lateral Benefit Charge $3,328 per acre <br />The City also collects a Sanitary Sewer Availability Charge (SAC) at the time of connection. <br />However, the revenue from the SAC charge is forwarded to the Metropolitan Council and is the <br />funding source for the regional treatment and disposal system owned and operated by the <br />Metropolitan Council Environmental Services. <br />A preliminary examination of the land area of the adjacent properties has been completed <br />utilizing Geographic Information Systems (GIS) and preliminary estimates of the revenue <br />collected at the time of connection are presented below in Table 3. <br />Table 3. Estimated Sanitary Sewer Connection Charge Revenue. <br />Totals <br />$372,921.52 <br />As can been seen in Table 3 above, the anticipated revenue ultimately collected for the Sanitary <br />Sewer improvements is estimated to be $372,921, which is greater than the estimated <br />expenditures for this project currently estimated at $202,500. However, the additional revenue <br />91 Page <br />