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Possible Assessment Approaches -Summary
<br /> PEQUOT LAKES,MINNESOTA
<br /> PRELIMINARY ESTIMATE OF COST
<br /> MOREHOUSE DRIVE(Engen to Dirksen)
<br /> and LOTS 7&8,BLOCK 4(between Lots 1 &2)
<br /> SANITARY SEWER,WATERMAIN,STORM SEWER,and URBAN STREET CONSTRUCTION
<br /> Estimated Total Cost of Improvements $385,004.40
<br /> Estimated Watermain&Sanitary Sewer Share $194,647.61 50.56%
<br /> Estimated Street&Storm Sewer Share $190,356.79 49.44%
<br /> Alternative Number 1 2 3 4 5 6
<br /> Water& Water& Water&
<br /> Presented at Sanitary per lot Sanitary per lot Sanitary per lot
<br /> Hearing
<br /> Street&Storm Street&Storm Street&Storm
<br /> A Description of Alternative per lot Per lot Per lot perfoot perfoot perfoot
<br /> total assessed total assessed total assessed total assessed total assessed total assessed
<br /> _$275,000 =$275,000 =$250,000 =$275,000 =$275,000 =$250,000
<br /> Church=2 Church-=1 Church=1 Church=2 Church=1 Church=1
<br /> B C' "At-La e"Contribution $110,004.40 $110,004.40 1 $135,004.40 $110,004.40 $110,004.40 $135,004.40
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<br /> C Estimated Remaining Cost to be Assessed $275,000.00 $275,000.00 $250,000.00 $275,000.00 $275,000.00 $250,000.00
<br /> D Number of Lots To Be Assessed for Watermain&Sanitary Sewer 11 10 10 11 10 10
<br /> E Estimated Assessment per Lot for Watermain&Sanitary Sewer $12,639.31 $13,903.24 $12,639.31 $12,639.31 $13,903.24 $12,639.31
<br /> F Number of Lots To Be Assessed for Street&Storm Sewer 11 10 10 0 0 0
<br /> G Estimated Assessment per Lot for Street&Storm Sewer $12,360.69 $13,596.76 $12,360.69 $0.00 $0.00 $0.00
<br /> H Front Foota a To Be Assessed for Street&Storm Sewer 0.00 0.00 0.00 2,512.34 2,512.34 2,512.34
<br /> 1 Estimated Assessment per Foot for Street&Storm Sewer $0.00 $0.00 $0.00 $54.12 $54.12 $49.20
<br /> J Estimated Assessment for City Lot,Block 2,Lot 1 $25,000.00 $27,500.00 $25,000.00 $25,965.79 $27,229.72 $24,754.29
<br /> K Estimated Assessment for City Lots,Block 2,Lots 2-5 $25,000.00 $27,500.00 $25,000.00 $25,098.25 $26,362.18 $23,965.62
<br /> L Estimated Assessment for City Lots,Block 4,Lots 7&8 $25,000.00 $27,500.00 $25,000.00 $12,639.31 $13,903.24 $12,639.31
<br /> M Estimated Total Assessment for City Lots $175,000.00 $192,500.00 $175,000.00 $151,637.41 $160,484.92 $145,895.39
<br /> N Estimated Assessment for Northern Tool Lot,Block 2,Lot 6 $25,000.00 $27,500.00 $25,000.00 $25,857.01 $27,120.94 $24,655.40
<br /> O Estimated Assessment for Cemstone Lot,Block 4,Lot 5 $25,000.00 $27,500.00 $25,000.00 $31,599.13 $32,863.07 $29,875.51
<br /> P Estimated Assessment for Baptist Church Lot,Block 5,Lot 3 $25,000.00 $27,500.00 $25,000.00 $31,599.13 $32,863.06 $29,875.51
<br /> Q Estimated Assessment for Baptist Church Lot,Block 5,Lot 4 $25,000.00 $0.00 $0.00 $34,307.29 $21,667.98 $19,698.17
<br /> R Estimated Total Assessment for Baptist Church Lots $50,000.00 $27,500.00 $25,000.00 $65,906.42 $54,531.04 $49,573.68
<br /> S Average amount per City lot for recouping"At-La e"Contribution $15,714.91 $15,714.91 $19,286.34 $15,714.91 $15,714.91 1 $19,286.34
<br /> T Estimated Minimum Sale Price for City Lot,Block 2,Lot 1 $40,714.91 $43,214.91 $44,286.-3-41—$41,680.71 $41,944-64 $44,040.64
<br /> Ll Estimated Minimum Sale Price for City Lots,Block 2,Lots 2-5 $40,714.91 $43,214.91 $44,286.34 1 $40,813.17 $42,077.10 $43,251.96
<br /> V Estimated Minimum Sale Price for City Lots,Block 4,Lots 7&8 $40,714.91 $43,214.91 $44,286.34 1 $28,354.23 $29,618.16 1 $31,925.65
<br /> NOTE: There are some financial costs and roandirtg that are not included herein.
<br /> l RUM130POLAM0261ndustrial Park 6pansbnWssessmentslPossble Assessment Approacheuds)Summery
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