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Page 12 Special Assessments Policy <br />resolution and is updated periodically. Currently the Water Trunk, Source <br />and Storage fee has been set at $2,000 for 2002, and will increase $100 per <br />year each year until 2017. <br />The method of assessment calculation, based on the number of units, is as <br />follows: <br />a. All single-family residential properties are assessed on a per unit <br />basis. <br />b. Duplexes and triplexes are assessed on a per unit basis. . <br />c. Apartment buildings are assessed at the rate of 80% of the single- <br />family rate. <br />d. All commercial properties are assessed based on the number of units <br />charged on sewer usage. This is governed by the Metropolitan <br />Council Environmental Services (MCES) "Reserve Capacity Charge <br />Manual". (i.e., if the usage is such that property would be charged <br />eight (8) SAC units, the Water Trunk, Source and Storage fee would <br />be charged at a rate for 8 units). The cost of the Water Trunk, Source <br />and Storage fee will be updated January 1st of each year through the <br />year 2017, and will increase $100 each year. <br />B. Determining Watermain Assessment Improvement Rates on New Construction <br />Projects in Existing Development Areas <br />1. Water Lateral <br />The water lateral cost to be assessed to residential properties, including single <br />family, duplexes, and triplexes, is determined on a unit basis at 100 percent of <br />the actual project cost, or appraised value, whichever is lower. Parks pay at <br />the same rate on a unit basis as residential properties. The number of units for <br />a park is derived by taking the area of the benefiting park divided by typical <br />residential lot size (14,434 sf.) The area of the park is to be derived by taking <br />the length of all streets within the project abutting the property and <br />multiplying by the depth of 165 feet. Park assessments would continue to be <br />paid as part of the general levy taxes over the life of the assessment. <br />The water lateral to be assessed to multi -family (above 3 units) on a unit basis <br />for 100 percent of residential street and utility reconstruction costs, or <br />increase in value, whichever is lower. The number of units to be assessed for <br />benefiting multi -family properties would be derived by taking the area of the <br />multi -family parcel and dividing it by the typical residential lot size (14,434 <br />sf) The area of the lot is to be derived by taking the length of all streets <br />