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SPECIAL ASSESSMENTS POLICY AND PROCEDURES <br />FOR PUBLIC IMPROVEMENTS AND MAINTENANCE COSTS <br />SECTION 1. General Policy Statement. <br />SECTION 2. Improvements and Maintenance Costs Eligible for Special Assessment. <br />SECTION 3. Initiation of Public Improvement Projects. <br />SECTION 4. Public Improvement Procedures. <br />SECTION 5. Financing of Public Improvements. <br />SECTION 6. General Assessment Policies. <br />SECTION 7. Methods of Assessment. <br />SECTION 8. Standards for Public Improvement Projects. <br />SECTION 9. Policies of Reassessment. <br />SECTION 10. Assessment Computations. <br />SECTION 11. Deferment of Assessments. <br />SECTION 1. GENERAL POLICY STATEMENT. <br />The purpose of this policy is to establish a fair and equitable manner of assessing the increase in <br />market value (special benefit) associated with public improvements. The procedures used by the <br />City for levying special assessments are those specified by the City Charter and Minnesota Statutes <br />Chapter 429, which provide that all or a part of the cost of improvements maybe assessed against <br />benefiting properties. <br />Three basic criteria must be satisfied before a particular parcel can be assessed. The criteria are as <br />follows: <br />1. The land must have received special benefit from the improvement. <br />2. The amount of the assessment must not exceed the special benefit. <br />3. The assessment must be uniform in relation to the same class of property within the assessment <br />area. <br />It is important to recognize that the actual cost of extending an improvement past or through a <br />particular parcel is not the controlling factor in determining the amount to be assessed. However, <br />in many cases the method for assigning the value of the benefit received by the improvement, and <br />therefore the amount to be assessed, will focus on calculating the proportionate cost of providing <br />the improvement, provided the cost does not exceed the increase in property market value resulting <br />from the improvement. The entire project shall be considered as a whole for the purpose of <br />calculating and computing an assessment rate. In the event City staff has doubt as to whether the <br />costs of the project may exceed the special benefits to the property, the City Council may obtain <br />such appraisals as maybe necessary to support the proposed assessment. <br />1 <br />