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resulting in a 4.93 mills. If MN Dot partici .Rates in the project, the <br />taxes on a $70,000 home would increase $47.82/year; taxes on a $70,000 <br />cc~mercial 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 />cc~mercial property would increase $104.02/year; taxes on $70,000 worth of <br />vacant property would increase $138.04. <br /> <br />Mayor l~eimann - 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. l~aatikka proceeded to revie~ 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 commented that ~4N DOT's participation would be <br />very helpful as B~y. #10 seems to have served as a damn to storm water <br />drainage. Mr. Hartley also explained how MN DoT obligates funds through <br />the fiscal year and the State's fiscal year 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 ~N DoT's share was <br />determined. <br /> <br />Mr. ~aatikka - 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 - Ommm. nted that the money from MN DoT <br />is also mo~ey derived frcm taxes and stated that it was her understanding <br />that Itasca ~eights was to he exempted fr~m the district. <br /> <br />Mr. Fartley - ~eplied that the excluded areas were those areas that had <br />already paid for store sewer systems. <br /> <br />Jane Terpstra - Inquired whether Skelgas' water problems are spring fed or <br />water ?~hle. <br /> <br />Mr. Raatikka - Beplied that the problems are caused fr~m high water table. <br /> <br />Jane Terpstra - Inquired if the water problems nave been in existence for <br />more than two years. <br /> <br />Mr. Baatikka - 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 lx~ped for 2-3 years <br />and it has not solved the problem; many have filled in their basements or <br /> City CouncLI Public Hearing/March 10, 1987 <br /> <br />Page 2 of 6 <br /> <br /> <br />