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CITY OF BLAINE - PUBLIC IMPROVEMENT - SPECIAL ASSESSMENT POLICY <br />2011 construction costs and will be indexed for inflation as identified in Section 111.4 — <br />Indexes and published yearly as an Exhibit to this Policy. <br />8. Assessment Cost <br />The assessment cost is the total cost of the improvement project and includes the following: <br />a) Contract Cost: Amount paid to contractors for constructing the improvement. <br />b) Financing Costs: Amounts paid for bond counsel, bond sales costs, and interest, <br />starting with payment to the contractor until the assessment roll is approved by the City <br />Council. The interest rate will be set by the Finance Director. <br />c) Other Costs: Project costs such as advertising, administration, engineering, legal, and <br />right-of-way acquisition. <br />9. Assessment Deferrals: <br />a) Senior Citizen Deferrals: A determination by the Council allows a senior citizen <br />property owner to defer special assessments if the property owners meet the criteria as <br />established by Council resolution (see Exhibit 111). <br />IV. PROCEDURES RELATING TO APPORTIONMENT <br />1. Sanitary Sewer Trunk <br />Sanitary sewer trunk costs are apportioned throughout the gross area that is served by the <br />trunk facility (see Area Method in Section 111.6). The costs are uniformly apportioned to each <br />parcel in proportion to parcel area. In a residential plat, the gross area of the plat is multiplied <br />by the assessment cost/acre and that amount divided by the number of unit/lots and equivalent <br />unit/lots in the plat. <br />2. Sanitary Sewer Lateral <br />Sanitary sewer lateral costs are apportioned to the properties served by the lateral sanitary <br />sewer by dividing the assessment cost by the front footage of the benefiting properties or by <br />dividing the assessment cost by the number of benefiting unit/lots (including equivalent <br />unit/lots). <br />Where lateral service is also provided by a trunk, the properties so served are assessed a <br />"typical" lateral cost similar to other properties served by a lateral. Credit for such "typical" <br />lateral assessments shall be deducted from the cost of the sanitary sewer trunk. <br />3. Water Main Trunk, Source, and Storage <br />Water main trunk, source, storage, and oversizing costs are paid from the Utility Fund. The <br />Utility Fund receives moneys collected from connection charges called Water Access Charges <br />(WAC) levied whenever a building is connected to the City water system. The rate of the WAC <br />is established by the City Council. <br />H:ITEAMIGISENGIPVMT-MGTISPECIAL ASSESSMENT POLICYISPECIAL ASSESSMENT POLICY.DOC <br />