03-26-1990 Countil Packet - Laserfiche WebLink

Home Browse Search

3. Assessment FormulaThe total cost of Sanitary Sewer Project Mo. 73-1 including construction costs and indirect costs is $1,622,118. Fron this amount the above described truck cost, possible future assessment revenue, possible future trunk revenue and assessod trunk revenue are deducted. The remaining amount of $1,466,518 is assessed as a lateral benefit. The lateral benefit is divided into 40% placed against front footage and 60% placed against building unit for purposes of providing equity in division of the costs to various shaped lots. a. Unit A building unit is defined as the minimum allowable width parcel containing adequate area to meet the requirements of the zoning code for the district in which the property is located, wiiere properties have sufficient width and area to be subdivided they are assessed the whole number of maximum units Into which the property can be subdivided if all such subdivided lots have sewer contiguous to them. Certain existing properties do not meet the minimum stan dards for tlie lot dimensions in the zoned usu district in which they exist. In those instances the properties are combined into a logical pattern to yield a lot as near as possible to the minimum standards for that use district. Each substandard lot is the assessed a fractional unit based on the number of lots required to make the larger lot. b. Front Foo* • ^ The front foot;«ge to be assessed is determined according to the following guidelines: a. On rectangular lots, the width of the lots is assessed. b. On corner rectangular lots, the least dimension is con sidered the wio ' of the lot. c. On lots wich a varying width, the average width is assessed. d. On pie shaped or triangular parcels and on parcels where no definite width can be determined, the width assessed is calculated as the prorated minimum width based on the lot area. -3- L