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I <br />I <br />I <br /> <br />I <br />I <br />I <br /> <br />METHOD OF PAYMENT AND SUMMARY OF COSTS <br /> <br />As <br /> <br />Alternate 1 (Current Assessment Policy) <br /> <br />In accordance with the City's assessment ordinance, one <br />alternative is to assess the storm drainage improvements on <br />a net area basis to the area of benefit. As recommended in <br />the City's Comprehensive Storm Drainage Plan, commercial and <br />industrial zoned areas would pay 1.6 times the amount <br />assessed for residential zoned properties. Based on the <br />current assessment policy, the trunk'storm would be assessed <br />to the overall area of benefit and the subdrain would be <br /> <br />I <br />I <br />I <br /> <br />assessed to the abutting properties as a lateral storm <br /> <br />sewer. <br /> <br />Under %he new Minnesota Department of Natural Resources <br />regulations, wetlands must be protected from development. <br /> <br />I <br />I <br />I <br /> <br />It was assumed that wetlands, when deeded to the City, would <br />not be assessed. This policy is included in the propOsed <br />assessment ordinance. Therefore, the cost of Purchasing <br />wetlands was deleted from the total cost of the drainage <br />facilities. To keep the assessments to individual parcels <br /> <br />to a minimum, it is proposed to assess the entire bene- <br />fiting area of the drainage district and the Lake Itasca <br />area on an acre basis. It should be noted that when addi- <br />tional improvements are installed, the area will have to be <br />reassessed for those-improvements. <br /> <br />I <br />I <br /> <br />7 <br /> <br /> <br />