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03 Capital Financil Plan
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08-19-2020 Special City Council Meeting
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03 Capital Financil Plan
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The City's Policy is intended to serve as a guide for as consistent as possible <br /> assessment process. There may be exceptions to the process, unique circumstances, <br /> special situations, or interpretations on a project-by-project basis which may <br /> require special consideration and discretion by City Staff and the City Council. <br /> Any project to be specially assessed needs to conform with Minnesota Statutes, <br /> Chapter 429, Local Improvements, Special Assessments. Following, in underlines, <br /> is a summary of the steps in Chapter 429. <br /> 1. Initiation of proceedin�. The possible improvement may be initiated by <br /> the Council or by a petition of affected property owners. <br /> 2. Preparation of a Feasibilitv Report. The City Engineer or other competent <br /> person must prepare a Report on the proposed improvement; such Report must <br /> include the estimated cost of the proposed improvement. <br /> A City Assessment Committee consisting of at least one City Council Member, the <br /> City Administrator, the City Public Works Director, the City Engineer, and other <br /> necessary staff inembers as determined by the City Administrator shall review the <br /> Feasibility Report before it is presented to the City Council. <br /> Benefiting properties are specially assessed. Generally, the benefiting properties <br /> are the abutting properties to the improvement, but the City Council can determine <br /> otherwise. <br /> The costs for new projects will be 100% assessed to the benefitting properties. <br /> Different methods (front footage of a lot, per sanitary sewer or water service <br /> connection) are used depending on the improvement. <br /> The costs for reconstruction projects will be assessed to the benefitting properties <br /> at an amount corresponding to the benefit as determined by the City Council with <br /> input of the City's appraiser for the project. <br /> The City's Policy indicates the standard or typical sizes of improvements — using <br /> the City's Guidelines for Road Standards / Specifications and Road Ratings as <br /> guides. <br /> The Feasibility Report includes estimated project costs —not only for construction, <br /> but for contingencies, engineering, financing costs, land acquisition if needed, and <br /> legal and administrative costs. Remember, the preference is to be a little high on <br />
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