5.0. SR 01-08-1994 - Laserfiche WebLink

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e e e I. GENERAL The purpose of this assessment manual is to set forth a guide to be utilized by the City of Elk River when preparing assessment rolls, so as to assure uniform and consistent treatment of the effected properties. Minnesota State Law, Chapter 429.010 to 429.111 provides that a municipality shall have the power to make public improvements such as sanitary sewers, storm sewers, water source, .. and distribution facilities, street improvements including grading, curb and gutter, surfacing, sidewalks, street lighting, and recreational facilities, etc. The various procedures that the municipality must follow including reports, notices and public hearings are well defined within the law. The Statute further provides that the cost of any improvement may be assessed upon property benefited by the improvement based upon the benefits received whether or not the property abuts on the improvement and whether or not any part of the cost of the improvement is paid from other funding sources. The law is not specific on how these benefits are to be measured or how the costs are to be apportioned, but rather makes it incumbent upon the municipality to determine with assistance of the City Engineer, City Attorney, appraisers or other qualified personnel, a fair and equitable method of cost sharing among the properties involved. It is the intent of this policy that the maximum value of an assessment be based on the highest and best use of property. Throughout this manual, the total cost of an improvement shall include the construction cost plus all associated overhead costs. The total cost of the associated overhead for a public improvement project would typically include the following as a percentage of the construction cost: -1-