Ordinance - #83-05 - 08/23/1983 - Laserfiche WebLink

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-4- Issuance of Obligations to Finance the Improvement. Most special assessments may be paid over a period of several years. Consequently, on most public improvement projects thus financed, necessary funds are obtained from bonds issued at the time the improvement is made. The bonds are then paid off as the funds become available through the collection of the assessments and any taxes levied especially for that purpose. 210.012 PURPOSE The purpose of this assessment chapter is to set forth a guide to be utilized by the City Engineer and City Administrator when preparing assessment rolls for approval by the City Council so as to assure uniform and consistent treatment to the various properties from year to year. The City Engineer will plan and organize improvement projects of large enough scope such that good bid prices will be obtained. To help insure proper planning, all petitions for local improvements should be submitted to the City by October 15th of the year prior to when construction of the improvement will be considered. Exceptions to this general rule may be considered if the benefiting property owners understand the project may not get completed and the interest cost due to not being able to assess the project that year will increase the total cost of the improvement. 210.012A GENERAL POLICY It is the policy of the City of Ramsey that all properties shall pay their fair share of the cost of local improvements as they benefit; it is not intended that any property shall receive the benefits of improvements without paying for them. Local improvements will include water, sanitary sewer, streets, storm drainage, sidewalks, street lighting, recreational facilities, etc. POLICIES RELATING TO SPECIAL ASSESSMENTS 210.012B ASSESSMENTS The total of assessments cannot exceed the project cost and must be apportioned equally within properties having the same general land use (residential and institutional, multiple family and commerical, or industrial) based on benefit. Total assessment against any particular parcel shall not exceed benefit to that parcel. Project cost may include part or all of cost of previously installed projects not previously assessed. 210.012C ASSESSMENT PERIOD Improvements installed as a part of a new residential subdivision and petitioned for by the Developer shall be assessed for a period of five (5) years. New commercial and industrial subdivisions petitioned for by the Developer shall be assessed for a period of ten (10) years. Assessments for improvements not included as a part of a new development shall be assessed for a ten (10) year period.