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Page 16 Special Assessments Policy <br />Resolutions 88-97 and 88-105 Established Storm Sewer Districts 10A and <br />10B for the Central Portion of the City (Reference 3.) These costs are <br />updated annually according to the Consumer Price Index. A Resolution <br />Updating Fees Under the City's Special Assessment Manual, containing the <br />updated Storm Sewer District Rates and typical assessment rates are attached <br />for approval (Reference 4.) <br />B. Determining Storm Sewer Assessment Improvement Rates on New Construction <br />Projects in Existing Development Areas <br />1. Storm Sewer Lateral <br />The storm sewer lateral cost to be assessed to residential properties, including <br />single family, duplexes, and triplexes, is determined on a unit basis at 100 <br />percent of the actual project cost, or appraised value, whichever is lower. <br />Parks, water towers, wells, and lift stations pay at the same rate on a unit <br />basis as residential properties. The number of units for a park is derived by <br />taking the area of the benefiting park divided by typical residential lot size <br />(14,434 sf.) The area of the park is to be derived by taking the length of all <br />streets within the project abutting the property and multiplying by the depth <br />of 165 feet. Park assessments would continue to be paid as part of the <br />general levy taxes over the life of the assessment. <br />The storm sewer lateral to be assessed to multi -family (above 3 units) on a <br />unit basis for 100 percent of reconstruction costs, or increase in value, <br />whichever is lower. The number of units to be assessed for benefiting multi- <br />family properties would be derived by taking the area of the multi -family <br />parcel and dividing it by the typical residential lot size (14,434 sf.) The area <br />of the lot is to be derived by taking the length of all streets abutting the <br />benefiting property and multiplying by the depth of 165 feet. <br />Commercial/industrial properties to be assessed for 100 percent of actual <br />construction costs on unit basis, or increase in value, whichever is lower. <br />Churches, libraries and City Hall and schools would pay at the commercial <br />rate. The number of units to be assessed for commercial/industrial properties <br />would be derived in the same manner as multi -family. <br />2. Storm Sewer Trunk <br />Stone sewer trunk is determined by taking the total storm sewer trunk <br />project costs with overhead in the district or sub -district set up, and dividing <br />by the number of units (each Iot is equal to one unit). If the lot can be split, <br />