Agenda - Council - 10/08/2019 - Laserfiche WebLink

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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. Fifty-nine (59) benefiting properties receive special benefit from the improvements and are proposed to be assessed for eligible project costs. Eligible project costs include all costs except those related to subgrade corrections, widening or strengthening of pavement, and public utility improvements. None of these conditions were applicable to this project so all project costs are eligible for assessments. The City of Ramsey's Special Assessments Policy identifies three optional methods for calculating assessments; Adjusted Front Footage, Area, and Per Lot. All recent residential street reconstruction projects used the Per Lot method to calculate assessments so Staff again applied the Per Lot method to calculate final assessments for this proj ect. Over the last four years, special benefit consultation reports have been prepared for each street reconstruction project, and the results of the reports were used to defend final assessment amounts. Special benefit consultation reports were not prepared this year since each report costs around $6,500 and this year's projects are similar enough to other projects that the results from those reports can be directly applied to this project. For this project, the Rivers Bend Street Reconstructions project report is most applicable, and the range of anticipated special benefit to each property identified within that report fell between $7,000 and $7,500. On November 13, 2018, the City Council adopted a preliminary assessment amount of $1,303.70 per benefiting property. Proposed final assessments are therefore 10.84% greater than adopted preliminary assessments. Recommendation: Staff recommends Alternative # 1. Action: Adopt Resolution #19-237 adopting the final assessment roll certifying assessments for Improvement Project #19-03, Wood Pond Hills and Chestnut Ridge Street Reconstructions. Resolution 19-237 IP1903 Assessment Map IP1903 Assessment Roll IP1903 AH Notice Assessments Policy Charter Chapter 8 Statute Chapter 429 Attachments Form Review Inbox Reviewed By Date Kurt Ulrich Kurt Ulrich 10/03/2019 04:26 PM Form Started By: Bruce Westby Started On: 10/01/2019 04:58 AM Final Approval Date: 10/03/2019