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reconstruction project on a residential lot, or $20,000 per acre for commercial or industrial <br />property. <br />11. Condemnation Awards. A property owner may elect to offset special assessments against <br />condemnation awards. In such case, the property owner must execute an agreement (Net <br />Assessment Agreement) with the City. <br />12. Subgrade Corrections. All costs relative to subgrade soil corrections deemed necessary to <br />construct or reconstruct City streets will be considered a "city cost" and will not be assessed. <br />13. Rural to Urban Conversion. All costs relative to converting an existing rural street section to <br />an urban street section by filling roadside drainage ditches and adding curb and gutter and <br />storm sewer will be considered a "city cost" and will not be assessed. <br />14. Oversizing. All costs relative to oversizing an existing City street by increasing the width of <br />the street and/or the load carrying capacity of the pavement section will be considered a "city <br />cost" and will not be assessed. <br />SECTION 7. METHODS OF ASSESSMENT. <br />Subd. 1. General Statement. There are three different methods of assessment: adjusted front <br />footage, area, and per lot. The feasibility report will recommend one or a combination of these <br />methods for each project, based upon which method would best reflect the benefit received for the <br />area to be assessed. The City Council will select the preferred method of calculating the <br />assessments along with other applicable assessment criteria. <br />Subd. 2. Policy Statement. The following methods of assessment, as described and defined <br />below, are hereby established as the preferred methods of assessment in the City. <br />A. "Adjusted Front Footage" Method ofAssessment. <br />The "adjusted front footage" method of assessment is based on the quotient of the "assessable <br />cost" divided by the total assessable frontage benefiting from the improvement. This method is <br />typically applied to commercial, industrial, and multi -family residential properties. For the <br />purpose of determining the "assessable frontage," all properties, including those owned by <br />governmental entities, shall have their frontages included in such calculation. <br />The actual physical dimensions of a parcel abutting an improvement (i.e., street, sewer, water, etc.) <br />shall not be construed as the frontage utilized to calculate the assessment for a particular parcel. <br />Rather, an "adjusted front footage" will be determined. The purpose of this method is to equalize <br />assessment calculations for lots of similar size. Individual parcels by their very nature differ <br />considerably in shape and area. The following procedures will apply when calculating adjusted <br />front footage. The selection of the appropriate procedure will be determined by the specified <br />configuration of the parcel. All measurements will be scaled from available plat and section maps <br />and will be rounded down to the nearest foot dimension with any excess fraction deleted. <br />1. Rectangular Interior Lots. The rectangular lot is defined as having no more than 2 feet of <br />difference between the front and rear lot lines. The adjusted front footage is the actual front <br />footage of the lot. For rectangular lots whose frontage is greater than its depth, the "odd <br />shaped lot" method shall be used. <br />6 <br />