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Agenda - Economic Development Authority - 08/13/2015
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Agenda - Economic Development Authority - 08/13/2015
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3/18/2025 10:12:56 AM
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8/19/2015 9:33:01 AM
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Meetings
Meeting Document Type
Agenda
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Economic Development Authority
Document Date
08/13/2015
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Previously, improvements were completed in the area and assessed to the property 6 shown on Figure <br />17. At that time, the City assessed 40 percent of the costs and funded the remaining costs. The following <br />table depicts the 40 percent of the costs presented in the table above. <br />Identification Frontage Area Per Lot <br />Number Method Method Method <br />1 $ 306,500 $ 449,100 $ 240,600 <br />2 $ 372,700 $ 457,400 $ 240,600 <br />3 $ 47,100 $ 106,500 $ 240,600 <br />4 $ 99,700 $ 47,400 $ 240,600 <br />5 $ 162,400 $ 352,100 $ 240,600 <br />6 $ $ $ <br />7 $ 210,800 $ 34,600 $ 240,600 <br />8 $ 508,800 $ 520,700 $ 240,600 <br />9 $ 228,600 $ 111,100 $ 240,600 <br />10 $ 229,000 $ 86,700 $ 240,600 <br />Total $ 2,165,600 $2,165,600 $2,165,400 <br />The information presented in this section of the report has been intended to allow for discussions with <br />property owners and developers to be initiated. Refinement of the amounts presented is anticipated <br />based on those discussions. <br />Prepared by: Bolton & Menk, Inc. COST ALLOCATION ALTERNATIVES <br />City of Ramsey — Future Business Park Page 13 <br />
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