Agenda - Council - 07/26/1983 - Laserfiche WebLink

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I '-'~-p-proval by the City Council so as to assure uniform and consistent treatment to the various properties from year to year. I .I 210.012A GENERAL POLICY It is~ the policy of the City of Ramsey that all properties shall pay their fair share of the cost of local improvements as they benefit. POLICIES'RELATING TO SPECIAL ASSESSMENTS ! I I I I I I 210.012B ASSESSMENTS - The total of assessments cannot exceed the project cost and must be apportioned equally within properties hm¥~g the same general land use (residential and institutional, multiple family and comm~ric~l, or industrial) based on benefit. 210.012C· AssESSMENT ~ERIOD Improvements installed as a part of a new residential subdivision and petitioned for by the Developer shall be assess6d for a period of five (5) years. New commercial and industrial subdivisions petitioned for by the Developer shall be assessed for a period of ten (10) Years. Assessments for improvements not included as a part of a new development shall be assessed for a ten (10) year period. 210.012D INTEREST RATE The rate of interest on assessments shall be one and one-half percent (1-1/2%) greater than the rate of interest the City paid on the bonds which were issued to finance the project. 210.012E INDEXES Depending upon the appropriate resolution or authorization, the construction cost index or consumer price index may be used. 210.012F PROPERTIES NOT ASSESSED Special, assessments will not be levied against the properties described as follows: 1. Undeveloped lands laying within the floodway of major drainage channels. Drainage ponds (defined by public easements) and major drainage ditch easements and DNR designated wetlands. 3. Rights-of-way of all limited access highways. 4. Cemeteries. 5. Major transportation rights-of-way. -3-