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(a) <br /> <br />Properties along M.S.A. streets and County roads will <br />be assessed for street improvements in an amount equal <br />to fifty percent (50%) of the cost of a typical street <br />related to the land use, i.e., residential, commercial <br />and industrial. ~ne typical street cost includes the <br />construction cost plus fifty percent (50%) of the right- <br />of-way acquisition costs. The remaining cost will be <br />paid from the M.S.A. construction fund. For the <br />purpose of this paragraph, the cost of a "typical <br />residential street" shall be defined as the cost <br />determined annually based on th construction costs <br />during that year for each type of street constructed to <br />current City standards. <br /> <br />(b) <br /> <br />Properties with various physical abilities to support <br />develot]~ent will have the typical street cost adjusted <br />by the benefit factor. Benefit factors for various <br />types of land: marsh, wildlife, recharge, ponding <br />-BF = 0. Peaty, low farm land -BF = 0.25. Restricted <br />due to soils or flooding but allowing scattered <br />development BF = 0.25 - 0.75. Developable for <br />residential/commercial and industrial BF = 1.0. <br /> <br />(c) Properties along M.S.A. streets and County roads will <br /> be credited for previous street assessments, if any. <br /> <br />(d) <br /> <br />Property previously assessed for a permanent street <br />will be given full credit and will not be assessed for <br />the M.S.A. project being assessed. <br /> <br />(e) <br /> <br />Property previouslyassessed for a partial street will <br />be given credit for the amount previously paid <br />converted to current dollar value by the ENR Index. <br /> <br />(f) <br /> <br />If at a later date a lot or parcel is split or <br />subdivided, each new lot will be assessed a unit <br />cost/adj usted. <br /> <br />Formula for assessing typical street cost as part of an <br />M.S.A. street project: <br /> <br />(typical street cost) x (benefit factor) - (previous <br />assessments/current value) = amount to be assessed for <br />typical street. <br /> <br />M.S.A. Street/County Road Cost Apportionment Formula: <br /> <br />Total cost of improvement - amount to be assessed for <br />typical street = M.S.A. Construction Fund Obligation. <br /> <br />F) Policies Relating to Lateral Extensions: <br /> <br />(i) <br /> <br />Existing Subdivisions - No lateral service Ball be extended <br />to any existing subdivision until such time as service is <br />required to eliminate a public health hazard and trunk <br />service is available and has been assessed to the subject <br />property. At such time as trunk service is available, <br />laterals may be extended as outlined in Section 210.01.5 of <br />the City Code. <br /> <br />Resolution # 8 5-8 9 <br />Page 8 of 12 <br /> <br /> <br />