Agenda - Council - 09/11/2018 - Laserfiche WebLink

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equitable distribution of assessments that are uniform upon the same class of properties within the assessable area. The test for determining the validity of a special assessment is whether the improvement for which the assessment was levied has increased the market value of the property against which the assessment was levied in at least the amount of the assessment. Ramsey's Special Assessments Policy identifies three optional methods for calculating assessments; Adjusted Front Footage, Area, and Per Lot. The Feasibility Report for this project identified 44 benefiting residential properties that are proposed to be assessed up to 25% of eligible project costs. On all previous residential street reconstruction projects, the Per Lot assessment method was applied so Staff recommends using the Per Lot method for this project. All project costs are eligible for special assessments since streets were reconstructed to their pre-existing widths and structural capacities. The preliminarily approved assessment amount was $1,714.42 per parcel, with total assessments amounting to $75,434.58. A Special Benefit Consultation report is being prepared for this project by the property appraisal and valuation firm of Patchin Messner Dodd and Brumm. This report will help provide proof of benefit to benefiting properties based on the completed improvements. The results of this report, along with the final special assessment amounts as determined by final construction costs, will be discussed with the City Council and the Public during the Assessment Hearing on October 9, 2018. Recommendation: Staff recommends Alternative # 1. Action: Motion to adopt Resolution #18-186 ordering preparation of an assessment roll and calling for an Assessment Hearing at 7 p.m. on October 9, 2018 for Improvement Project #17-02, River's Bend Street Reconstructions. Resolution 18-186 Feasibility Report 17-02 MSS Chapter 429 City Charter Chapter 8 Spec Assessments Policy Attachments Form Review Inbox Reviewed By Date Kurt Ulrich Kurt Ulrich 09/06/2018 04:11 PM Form Started By: Bruce Westby Started On: 09/04/2018 06:48 AM Final Approval Date: 09/06/2018