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CITY OF BLAINE - PUBLIC IMPROVEMENT - SPECIAL ASSESSMENT POLICY <br />TABLE OF CONTENTS <br />I. GENERAL 1 <br />1. The Theory of Special Assessments 1 <br />2. Special Assessment Uses 1 <br />3. Summary of Steps in Special Assessment Proceedings 2 <br />a) Initiation of Proceedings 2 <br />b) Preparation of a Report 2 <br />c) Public Hearing 2 <br />d) Ordering the Improvement and Preparation of Plans 2 <br />e) Preparation of Plans, Awarding Bids 2 <br />f) Preparation of Proposed Assessment Rolls 2 <br />g) Public Hearing on the Proposed Assessment 2 <br />h) Approval and Certification of Assessment Rolls 2 <br />i) Financing the Improvement 3 <br />1I. POLICY STATEMENT 3 <br />11I. POLICIES RELATING TO SPECIAL ASSESSMENTS 3 <br />1. Assessment Limitations 3 <br />2. Assessment Period 3 <br />3. Interest Rate 3 <br />4. Indexes 4 <br />5. Properties Not Assessed 4 <br />6. Methods of Assessment 4 <br />a) Area Method 4 <br />b) Unit Method (Lot, Building Site) 5 <br />c) Front Footage (short side) Method 5 <br />7. Methods of Assessment for Street Improvement Projects 6 <br />8. Assessment Cost 7 <br />a) Contract Cost 7 <br />b) Financing Costs 7 <br />c) Other Costs 7 <br />9. Assessment Deferrals 7 <br />a) Senior Citizen Deferrals 7 <br />b) Non -Petitioning Parcels Outside of the Development Area 7 <br />H:\TEPNAGISENGWVMT-MMMGTSPECIALASSESSMENT POLICYISPECIALASSESSMENT POLICY.DOC <br />