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resulting in a 4.93 mills. If MN Dot participates in the project, the <br />taxes on a $70,000 home would increase $47.827year; taxes on a $70,000 <br />c~m~ercial property would increase $77.02/year; taxes on $70,000 worth of <br />vacant property would increase $102.20/year. Without ~ DoT participation, <br />the taxes on a $70,000 home would be $64.58/year; taxes on a $70,000 <br />commercial property would increase $104.02/year; taxes o~ $70,000 worth of <br />vacant property would increase $138.04. <br /> <br />Mayor Reimann - Inquired as to the amount of vacant land it requires to <br />have a $70,000 valuation. <br /> <br />Mr. Raatikka- Beplied that he assumed land is $1200/acre if it is not <br />subdivided; if it is, the value would probablly be between $12,000 and <br />$13,000 per acre. <br /> <br />Mr. Raatikka proceeded to review the project schedule: hearing scheduled <br />on February 10; hearing conducted March 10; plans should be ordered and bid <br />by June 30; construction would begin the end of July; project completion in <br />late October. If the project is approved, it will be added to the levy for <br />1988 property taxes. <br /> <br />City ;~ministrator Hartley oom~e__-nted that MN DoT's participation would be <br />very helpful as ~y. %10 seems to have served as a damn to storm water <br />drainage. Mr. ~artley also explained how MN DoT obligates funds through <br />the fiscal year and the State's fiscal y~ar ends June 30; Ramsey needs to <br />act in a way that will meet the State's schedule. <br /> <br />Erika Sitz - 6521 154th - Inquired as to how MN DoT's share was <br />determined. <br /> <br />Mr. Raatikka - Beplied that the formula was based on area of right-of-way <br />and then a percentage of that in terms of the area. <br /> <br />Jane Terpstra - 9108 Collins Drive - ~ed that the money from MN DoT <br />is also money derived fr~m taxes and stated that it was her understanding <br />that Itasca Beights was to be exempted from the district. <br /> <br />Mr. ~artley - Beplied that the excluded areas were those areas that had <br />already paid for store sewer <br /> <br />Jane Terpstra - Inquired whether Skelgas' water problems are spring fed or <br />water t~ble. <br /> <br />Mr. Raatikka - Beplied that the problems are caused from high water table. <br /> <br />Jane Terpstra - Inquired if the water problem~ have been in existence for <br />more than two years. <br /> <br />Mr. Raatikka - Beplied that the water problems started in 1982; many of the <br />businesses along Hwy. %10 have problems with water in their basements. <br /> <br />Mayor Reimann - Noted that many of the businesses have pu~ped for 2-3 years <br />and it has not solved the problem; many have filled in their basements or <br /> City Council Public Bearing/March 10, 1987 <br /> <br />Page 2 of 6 <br /> <br /> <br />