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Lateral l <br />Funding Source S & W <br /> <br />Special Assmnt 48,960 <br />S&W Trunk Fund - <br />City Genrl Fund - <br />City Trail Fund <br />TOTAL 48,960 <br /> <br /> · 'FINANCING <br /> <br />Watermain rStreet <br />Looping Imprvmnts <br /> <br />Conc C&G <br />Irnpntmnts <br /> <br />Sidewalk <br />Irnprvmnts <br /> <br />Total <br />Project <br /> <br />- : 13,199 , i4,462 $ 76,621 <br />33,113 ' - $ 33,113 <br />- : 13,198 7,538 $ 20,736 <br />- - - 20,188 $ 20,188 <br />33, t13 ~ 26,397. 22,000 20,188 $150;658 <br /> <br />In addition to the direct project cos;ts, tnmk assessments will be levied on the parcels <br />which will be receiving sewer and ,.water availability. While the development status of <br />some of the assessed parcels maY change in the future, these trunk assessments will be <br />based upon each of the p~cels Current zo._ning status. If for example one existing single <br />family parcel is subdivide,d~ into two., singl~ family parcels, it is proposed that one trunk <br />unit assessment will be aSSessed ug.~ der iris project and that the additional trunk unit <br />assessment would be colle,Cted' at'thc time of the subdivision under the terms of the <br />development agreement. The summarY.of[ ~sessments Which is presented in shown in <br />Appendix D shows that $17,793 wil} be;collected fi.om three parcels benefited by this <br />project. This amount will partially Offset the trunk fund expenditure of$33,113 caused by <br />this project. This project a~o provides the potential to collect additional trunk and late?al <br />benefit charges without additional !cons~tm~ etlon costs if adjacent parcel subdivide or <br />develop to a more intensiv/~ land use. A SUmmary of assessments shown by individual <br />parcel is contained in Appendix D. <br /> <br />The project will have a final tabulation made on actual project costs consistent with the <br />methodology described in ~s repot'ti :A Public heating will be held identifying the actual <br />costs, to be recovered by Special assessment.. Each propertY mayl. at any time prior to <br />certification of the assessment to the:COunty Auditor, pay the whole Of the assessment on <br />such property, with interest, except that: no interest shall· be charged if the entire <br />assessment is paid within 30 days fi.omi the adoption of the assessment resolution. <br />Special assessments reported to Anoka County shall be payable over a ten year period <br />with interest at a rate of two percentS(2%) above the U.S. Treasury rate at the time of the <br />special assessment hearing. <br /> <br /> <br />