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11 ESTIMATED ASSESSMENT APPROACH <br />Costs for the project are divided between benefited property owners and the City using policies <br />established in the City of Pequot Lakes' "Assessment Procedures and Policy ", adopted <br />February 7, 2006, including amendments made to the policy since that time. <br />Per this policy, 100% of the roadway improvement project costs for this project are assessed to <br />the abutting benefited property owners on a per front foot basis (the roadway exists, but the <br />addition of new pavement makes this a new project rather than a reconstruction project). <br />�I Following is an example roadway assessment calculation utilizing the City's present per front <br />foot policy: <br />Estimated Cost of Roadway Improvements .......................... ............................... $ 77,000 <br />East (City) Side Front Footage ........................ ............................... ..........................1,080 <br />West (Township) Side Front Footage .............. ............................... ..........................1,300 <br />TotalFront Footage ......................................... ............................... ..........................2,380 <br />(Note that this estimated front footage includes both sides of the <br />1� roadway, and it accounts for a 3/4 side lot credit - i.e. 1/4 of the side <br />lot footage is used as front footage.) <br />Estimated Assessment Amount per Front Foot ........................... ............................... $ 32 <br />Estimated Assessments for Individual Property Owners on East Side is footage x $32/ft <br />Estimated Amount to City At Large (pickin g up the West Side ) <br />............................ $ 42,000 <br />There are also several alternates to the above, some of which would combine this project with <br />possible improvements to Wildlife Trail (per a July 210 Feasibility Report). <br />An example of a "per parcel" calculation just for North Sluetter Road improvements would be: <br />j Estimated Cost of Roadway Improvements .......................... ............................... $ 77,000 <br />1 Number of Parcels ............................................................................. ..............................4 <br />' NOTE: This example includes the three lots on North Sluetter, <br />including the corner lot abutting Wildlife Trail, and the one lot in the <br />Township, the cost of which would have to be picked up by the City. <br />Estimated Assessment Amount per Parcel ........................... ............................... $ 19,250 <br />I Pequot Lakes — North Sluetter Road Improvements Study <br />WSN No. 0130130045.000 Page 9 <br />