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A portion of the improvements will be paid by the City either through utility funds or other means. A list <br /> of assumptions is as follows: <br /> • All trunk water and sanitary sewer system costs will be paid for through the City utility funds, <br /> • Storm water management costs are related to ponding and are considered integral to roadway <br /> construction, <br /> • Assessments will be made to benefitting properties as each phase is constructed, <br /> • Two standard methods of assessments were analyzed including: Frontage and Area. <br /> • The City's existing assessment policy very closely matches the Frontage method, and <br /> • Gross acreage (less NWI Wetland acreage)was used in lieu of net developable acreage in the <br /> calculations below. <br /> • Lot 3 was not considered in the assessments as the lot is zoned residential.The resultant <br /> assessment amounts are considered negligible related to the entire Business Park area. <br /> • Lots 14 and 15 abut Armstrong Boulevard, a County roadway, and will access off of Bunker Lake <br /> Boulevard. Lots 1 and 4 abut a portion of the Puma Street right of way that is anticipated to be <br /> vacated. Lots 8, 9 and 10 abut Alpine Drive, but access will be limited to Puma Street. <br /> The table below depicts a distribution based on all costs being assessed to the benefitting properties. <br /> We have assumed for this analysis the costs would be assessed to properties benefitting from each <br /> phase of construction. For instance, properties directly benefitting from Phase 1 improvements would <br /> be assessed for Phase 1 costs at the time of Phase 1 improvements. <br /> Calculations were based on the areas and front footages, along with the costs per phase as developed <br /> earlier within this report.Trunk sanitary sewer and trunk watermain were considered City costs and <br /> were not included in the calculations. While this study focuses primarily on Phases 1—3, the future <br /> phase and the area of additional consideration were included for comparison. A summary of the unit <br /> costs used in the calculations is presented below: <br /> Frontage Area <br /> Method Method <br /> Phase (Cost/FF) (Cost/Acre) <br /> 1A $ 408.13 $ 19,559.86 <br /> 113 $ 694.54 $ 33,311.70 <br /> 2 $ 424.09 $ 14,971.21 <br /> Future $ 346.73 $ 15,623.43 <br /> Additional Area $ 341.13 $ 55,963.60 <br /> Prepared by:Bolton&Menk,Inc. <br /> Future Business Park—City of Ramsey Page 11 <br />