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Traffic Factor <br />The following adjustments to the assessment rate based on traffic counts on the <br />road to be improved are recommended. <br />ADT Factor <br />0-3500 100% <br />3500-6600 40% - 25% <br />6600 and up 25% - 0% <br />Proposed methodology to be implemented <br />1. Determine total project cost (estimated /actual). <br />2. Multiply residential equivalent factor and total to determine total number of <br />assessable units. <br />3. Divide total cost by total number of assessable units to get 100% assessed rate. <br />4. Multiple 100% assessed rate by project type factor to get project adjusted rate. <br />5. Multiply project adjusted rate by ADT adjustment factor to get final assessment rate. <br />Proposed Main Street Example <br />4950-6200 ADT - 2010 ADT per MnDOT traffic counts <br />Total Project Cost = $506,017 (based on low bid) <br />Total assessable units (estimated) = 85 <br />100% assessed rate =$671,500 / 85 = $5,953.14 <br />Project adjusted rate = $5,953.14 x 70% (FDR) _ $4,167.20 <br />Final assessment Rate (high) _ $4,167.20 x 40% _ $1,666.88 <br />Final assessment Rate (low) _ $4,167.20 x 25% _ $1,041.80 <br />The resulting range in proposed assessment is based on applying a range of ADT <br />adjustment factors of 25% to 40% as suggested in the policy above. The City council <br />should determine a specific percentage to apply to this factor if this method is intended <br />to be applied. <br />