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CITY of ORONO <br />RESOLUTION OF THE CITY COUNCIL <br />NO. <br />Prior to adoption of the assessment roll, the City Council <br />directed that all vacant lots less than 2 acres in area be <br />assessed the full unit amount rather than having said <br />assessment reduced as was done for developed lots in the <br />neighborhood, on the basis that the value of vacant <br />substandards lots increases substantially more than that of <br />developed lots as a result of the sewer project. <br />12.The property has been in single separate ownership of the <br />current owner since 1959. <br />13.It is highly likely that the lot area and width variances to <br />construct a residence on the property would have been <br />granted prior to the adoption of new Shoreland Regulations <br />in February 1992. <br />14.The assessment of a full unit principal amount of $18,880.00 <br />for the property would be an unfair burden to the property <br />owner on the basis that as a lot in single separate <br />ownership it likely would have been allowed to be developed <br />with a single family residence as recently as six months <br />prior to adoption of the assessment roll, and therefore the <br />benefit to the property is no greater than the $11,400.00 <br />benefit to other developed lots in the neighborhood. <br />NOW, THEREFORE, BE IT RESOLVED that: the Stubbs Bay sanitary <br />sewer assessment roll adopted per Resolution No. 3145 is hereby <br />amended to revise the principal assessment amount for the property <br />from $18,880.00 to $11,400.00. <br />Adopted by the City Council this 9th day of November, 1992. <br />ATTEST: <br />Dorothy M. Hallin, City Clerk Barbara A. Peterson, Mayor <br />Page 3 of 4