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