Agenda - Public Works Committee - 09/16/2014

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Page 13 Special Assessments Policy abutting the benefiting property and multiplying by the depth of 165 feet. Commercial/industrial properties to be assessed for 100 percent of actual construction costs on unit basis, or increase in value, whichever is lower. Churches and schools would pay at the commercial rate. The number of units to be assessed for commercial/industrial properties would be derived in the same manner as multi -family. 2. Water Service Connection The water service connection rate is determined by taking the total water service installation costs for same size services, including overhead and dividing by the number of services installed of that same size service. If services are installed and any are augered across a roadway to serve a property, the additional cost of augering is spread over the entire project. Properties to be assessed as mentioned above or the increase in value, whichever is lower. C. Determining Water Assessment Improvement Rates on Redevelopment Projects in Existin Development Areas 1. Water Lateral The water lateral cost to be assessed to residential properties, including single family, duplexes, and triplexes is determined on a unit basis at 50 percent of the actual project cost, or appraised value, whichever is lower, Parks pay at the same rate on a unit basis as residential properties. The number of units for a park is derived by taking the area of the benefiting park divided by typical residential lot size (14,434 sf.) The area of the park is to be derived by taking the length of all streets within the project abutting the property and multiplying by the depth of 165 feet. Park assessments would continue to be paid as part of the general levy taxes over the life of the assessment. The water lateral to be assessed to multi -family (above 3 units) to be assessed on a unit basis for 100 percent of residential street and utility reconstruction costs, or increase in value, whichever is lower. The number of units to be assessed for benefiting multi -family properties would be derived by taking the area of the multi -family parcel and dividing it by the typical residential lot size (14,434 sf) The area of the lot is to be derived by taking the length of all streets abutting the benefiting property and multiplying by the depth of 165 feet. Commercial/industrial properties to be assessed for 100 percent of actual construction costs on unit basis, or increase in value, whichever is lower.