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Frontage Area Per Lot
<br />Method Method Method
<br />Phase (Cost/FF) (Cost/Acre) (Cost/Lot)
<br />1 $ 907.25 $ 43,735.34 $ 596,700
<br />2 $ 981.37 $ 36,636.53 $ 408,300
<br />3 $ 594.51 $ 19,492.66 $ 497,800
<br />Based on the above cost distribution, the potential assessments per lot per phase is depicted below:
<br />Identification Frontage Area Per Lot
<br />Number Method Method Method
<br />Phase 1
<br />8 $ 645,900 $ 1,040,600 $ 596,700
<br />9 $ 571,600 $ 421,100 $ 596,700
<br />10 $ 572,500 $ 328,300 $ 596,700
<br />Phase 1 Totals $ 1,790,000 $ 1,790,000 $ 1,790,100
<br />Phase 2
<br />2 $ 362,100 $ 403,800 $ 408,300
<br />3 $ 117,800 $ 338,200 $ 408,300
<br />7 $ 527,000 $ 109,900 $ 408,300
<br />8 $ 626,100 $ 781,100 $ 408,300
<br />Phase 2 Totals $ 1,633,000 $ 1,633,000 $ 1,633,200
<br />Phase 3
<br />1 $ 766,300 $ 758,500 $ 497,800
<br />2 $ 569,500 $ 557,700 $ 497,800
<br />4 $ 249,100 $ 80,100 $ 497,800
<br />5 $ 406,100 $ 594,700 $ 497,800
<br />Phase 3 Totals $ 1,991,000 $ 1,991,000 $ 1,991,200
<br />Total all Phases $ 5,414,000
<br />$ 5,414,000 $ 5,414,500
<br />Previously, improvements were completed in the area and assessed to benefitting properties. At that
<br />time, the City assessed 40 percent of the costs and funded the remaining costs. The following table
<br />depicts the 40 percent of the costs presented in the table above.
<br />Prepared by: Bolton & Menk, Inc. COST ALLOCATION ALTERNATIVES
<br />City of Ramsey - Future Business Park Page 14
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