Agenda - Council - 03/14/2017 - Laserfiche WebLink

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reconstruction project on a residential lot, or $20,000 per acre for commercial or industrial property. 11. Condemnation Awards. A property owner may elect to offset special assessments against condemnation awards. In such case, the property owner must execute an agreement(Net Assessment Agreement) with the City. 12. Subgrade Corrections. All costs relative to subgrade soil corrections deemed necessary to construct or reconstruct City streets will be considered a"city cost" and will not be assessed. 13. Rural to Urban Conversion. All costs relative to converting an existing rural street section to an urban street section by filling roadside drainage ditches and adding curb and gutter and storm sewer will be considered a"city cost" and will not be assessed. 14. Oversizing. All costs relative to oversizing an existing City street by increasing the width of the street and/or the load carrying capacity of the pavement section will be considered a"city cost" and will not be assessed. SECTION 7. METHODS OF ASSESSMENT. Subd. 1. General Statement. There are three different methods of assessment: adjusted front footage, area, and per lot. The feasibility report will recommend one or a combination of these methods for each project, based upon which method would best reflect the benefit received for the area to be assessed. The City Council will select the preferred method of calculating the assessments along with other applicable assessment criteria. Subd. 2. Policy Statement. The following methods of assessment, as described and defined below, are hereby established as the preferred methods of assessment in the City. A. "Adjusted Front Footage"Method of*Assessment. The"adjusted front footage" method of assessment is based on the quotient of the "assessable cost" divided by the total assessable frontage benefiting from the improvement. This method is typically applied to commercial, industrial, and multi-family residential properties. For the purpose of determining the"assessable frontage," all properties, including those owned by governmental entities, shall have their frontages included in such calculation. The actual physical dimensions of a parcel abutting an improvement(i.e., street, sewer, water, etc.) shall not be construed as the frontage utilized to calculate the assessment for a particular parcel. Rather, an "adjusted front footage" will be determined. The purpose of this method is to equalize assessment calculations for lots of similar size. Individual parcels by their very nature differ considerably in shape and area. The following procedures will apply when calculating adjusted front footage. The selection of the appropriate procedure will be determined by the specified configuration of the parcel. All measurements will be scaled from available plat and section maps and will be rounded down to the nearest foot dimension with any excess fraction deleted. 1. Rectangular Interior Lots. The rectangular lot is defined as having no more than 2 feet of difference between the front and rear lot lines. The adjusted front footage is the actual front footage of the lot. For rectangular lots whose frontage is greater than its depth, the"odd shaped lot" method shall be used. 6