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- 14 - <br /> <br />These funds shall remain in place until the entire trunks are completed and paid <br />for. Funds shall be fully invested at all times and all interest shall remain <br />in the funds· <br /> <br />210.0112 <br /> <br />RAMSEY'S FINANCING POLICY <br /> <br />210.0112A STREETS <br /> <br />In Existing Platted Areas <br />a. M.S.A. Street <br /> 1) Assess the cost of fifty percent (50%) of a typical <br /> residential street (normal construction) on a unit method or <br /> front foot basis. For the purpose of this paragraph, the <br /> cost of a "typical residential street" shall be defined as <br /> the cost determined annually based on the construction costs <br /> during that year for each type of street constructed to <br /> current City Standards. <br /> 2)Remainder of cost is paid by M.S.A. <br />b. Residential Street <br /> 1) Assess the total cost on a unit method or front foot basis. <br /> <br />2. In New Developments <br /> a. Assess total cost on a unit method <br /> <br />Seal Coating <br />a. Assess total cost on a front foot or unit basis. <br />b. M.S.A. funds on M.S.A. streets· <br /> <br />Maintenance <br />a. Current Revenue <br />b. M.S.A. Funds <br /> <br />210.0112B <br /> <br />SANITARY SEWER <br /> <br />Improvement <br />a. Total cost is assessed <br /> 1) Trunk benefit assessed by the R.E.C. method <br /> 2) Lateral benefit assessed by the unit method or front foot <br /> basis. <br /> <br />2. Maintenance and Operations <br /> a. Sewer Enterprise Fund <br /> <br />210.0112C <br /> <br />STORM DRAINAGE <br /> <br /> Improvement <br />a. Trunk cost shall be assessed on an area basis as determined by <br /> City Resolution. <br />b. Total lateral cost is assessed to a development on an area basis. <br /> <br /> <br />