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given improvement, such aid will be used first to reduce the "city cost" of the improvement. If <br />the financial assistance received is greater than the "city cost," the remainder of the aid will be <br />placed in the Utz ImprovcmentPublic Improvement Revolving Fund to be applied towards <br />other City projects. <br />9. Assessable Property. Property owned by the City and other political subdivisions including <br />municipal building sites, parks and playgrounds, but not including public streets, alleys, and <br />right-of-way, shall be regarded as being assessable on the same basis as if such property was <br />privately owned. Private right-of-way shall be assessable. <br />10. Individual Benefits. The City must construct improvements specifically designed for or <br />shown to be of benefit solely to one or more properties. The costs for these improvements will <br />be assessed directly to such properties, and not included in the assessments for the remainder <br />of the project. An example of this would be utility service lines running from the main lines to <br />the property. <br />11. Benefit Appraisals. In the event that city staff has doubt as to whether or not the proposed <br />assessments exceed the special benefits to the property .) in question, the City Council may <br />order benefit appraisals or benefit appraisal consultations as deemed necessary to support the <br />proposed assessments. As a general rule, benefit appraisals or benefit appraisal consultations <br />may be ordered when the proposed assessment exceeds $5,000 for a standard city street <br />reconstruction project on a residential lot, or $20,000 per acre for commercial or industrial <br />property. <br />12. Condemnation Awards. A property owner may elect to offset special assessments against <br />condemnation awards. In such case, the property owner must execute an agreement (Net <br />Assessment Agreement) with the City Council. <br />12.13. Suberade Corrections. All costs relative to subarade corrections deemed necessary to <br />construct or reconstruct City streets to meet a 60-year desia n life will be considered a "city_ <br />cost" and will not be assessed. <br />4414. Rural to Urban Conversion. All costs relative to converting an existing rural street to an <br />urban street section will be considered a "city cost" and will not be assessed. <br />4 15. Oversizine. All costs relative to oversizina a City street by increasing the width or the <br />pavement section will be considered a "city cost" and will not be assessed. <br />SECTION 7. METHODS OF ASSESSMENT. <br />Subd. 1. General Statement. There are three different methods of assessment: per lot, adjusted <br />front footage, and area, and per lot. The feasibility report will recommend one or a combination of <br />these methods for each project, based upon which method would best reflect the benefit received <br />for the area to be assessed. The City Council will select the preferred method of calculating the <br />assessments at the time the project is ordered, alone with other applicable assessment criteria. <br />Subd. 2. Policy Statement. The following methods of assessment, as described and defined <br />below, are hereby established as methods of assessment in the City. <br />A. "Adjusted Front Footage" Method of Assessment <br />The "cost per adjusted front footage" method of assessment shall be based on the quotient of the <br />"assessable cost" divided by the total assessable frontage benefiting from the improvement. This <br />method is typically applied to commercial, industrial, and multi -family residential properties. For <br />6 <br />