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City Council Work Session Review <br />SECTION 1. <br />SECTION 2. <br />SECTION 3. <br />SECTION 4. <br />SECTION 5. <br />SECTION 6. <br />SECTION 7. <br />SECTION 8. <br />SECTION 9. <br />SECTION 10. <br />SECTION 11. <br />DRAFT COPY October 14, 2014 <br />DRAFT SPECIAL ASSESSMENT POLICY AND PROCEDURES <br />FOR PUBLIC IMPROVEMENTS AND MAINTENANCE COSTS <br />General Policy Statement. <br />Improvements and Maintenance Costs Eligible for Special Assessment. <br />Initiation of Public Improvement Projects. <br />Public Improvement Procedures. <br />Financing of Public Improvements. <br />General Assessment Policies. <br />Methods of Assessment. <br />Standards for Public Improvement Projects. <br />Policies of Reassessment. <br />Assessment Computations. <br />Deferment of Assessments. <br />SECTION 1. GENERAL POLICY STATEMENT. <br />The purpose of this policy is to establish a fair and equitable manner of assessing the increase in <br />market value (special benefit) associated with public improvements. The procedures used by the <br />City for levying special assessments are those specified by Minnesota Statutes, Chapter 429 which <br />provides that all or a part of the cost of improvements may be assessed against benefiting <br />properties. <br />Three basic criteria must be satisfied before a particular parcel can be assessed. The criteria are as <br />follows: <br />1. The land must have received special benefit from the improvement. <br />2. The amount of the assessment must not exceed the special benefit. <br />3. The assessment must be uniform in relation to the same class of property within the assessment <br />area. <br />It is important to recognize that the actual cost of extending an improvement past a particular <br />parcel is not the controlling factor in determining the amount to be assessed. However, in most <br />cases the method for assigning the value of the benefit received by the improvement, and therefore <br />the amount to be assessed, shall be the cost of providing the improvement. This shall be true <br />provided the cost does not demonstrably exceed the increase in the market value of the property <br />being assessed. The entire project shall be considered as a whole for the purpose of calculating <br />