1970-4382r~.o
RESOLUTION No. 4382
RESOLUTION ON POLICY FOR PERMANENT
STREET IMPROVEMENTS
WHEREAS, the city council has determined the initiation of a permanent street
improvement program to be desirable for the general health, safety, and welfare of the
community, and
WHEREAS, the city council has determined to initiate permanent street improvements
on all non-permanent streets- within the general guidelines of the City's comprehensive
plan and in accordance with a predetermined long range schedule of priorities, and
WHEREAS, all future permanent street improvements whether initiated by petition
or city council action, shall include construction of permanent street surfaces with
curb and gutter and necessary appurtances and where determined to be advisable, the
construction of sidewalk and the installation of additional street lighting.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield that
the City adopt the following general policies for permanent street improvements:
1. That the total cost of this improvement include material, manpower,
equipment, financing, and administrative overhead required for the
special assessment procedure and performance of this work.
2. That each property owner has an obligation to finance the estimated
full cost of one-half of the normal thirty-six foot residential street
in front of his property as well as a portion of a side street. That in
those instances where the street is to be an arterial street requiring
extra pavement thickness, or any other special construction, the property
owner would still pay the cost of one half of a residential street with
other revenue sources to be used for the balance. Streets with insuffi-
c Tent right of way or special condition making a 36-foot street diffi-cult
or impossible would be considered on an exception basise
3. That the current assessment for the permanent street improvement program
shall be a maximum $10 a front foot which is the estimated. full cost of
one-half of a normal:: thirty-six foot residential street to be spread
over a twenty-year period with an 8 perceni; per annum interest rate for
those property owners electing to pay over ,the twenty-year period. The
maximum cost per front foot may be revised periodically to more adequately
reflect the actual cost of the permanent street construction.
4. That the term front footage shall mean the number of feet on the front
or short side of the lot, (whichever is less), with the following excep-
tions:
a. That in
will be
sewer 1,
.. b. That in
include
the case of irregularly shaped lots, front footage
determined by the same formula used for the sanitary
~teral. assessment policy.
the case of tax exempt property, front footage shall
all abutting footage on improved right of ways.
~~~
-2-
5. That all cornor lots, including lots currently fronting on permanently
improved streets, with a permanent street improvement adjacent to their
side .lot line will be assessed a maximum $10 per foot for their side
lot footage wi~~i the cosh to ~e ~ivi~e~ equally among a~~ proper~~ies
to a midpoint in the block.
6. That the residential street surfacing shall be composed of seven ton
asphaltic concrete with Portland cement curb and gutter. That arterial
streets be constructed using nine ton asphaltic concrete with Portland
cement curb and gutter.
7. That where the-city council determines that sidewalk construction is
desirable the cost shall be assessed 50 percent against the abutting
property owner spread over a five-year period.
8. That residential driveway aprons will be constructed as part of the
overall construction program and will be assessed 100 percent against
the abutting property owner and be included with the street assess-
ment to be spread over the twenty-year period.
9. That all known and required utility installations be completed before
a permanent street project is initiated.
10. That the cost of the permanent street improvement program which exceeds
the total assessment as defined by this policy shall be financed by
general city revenue.
11. That the policies contained in this resolution shall be subject to
modification if necessary in individual cases as the city council
determines that the assessment or assessments resulting from the
application of the policies will exceed the benefits received.
Passed by the city council of the City of Richfield this 8th day of June, 1970
Stanley W. son, Mayor
ATTEST:
Thomas J . Mor Ci ter C1 erk
1
Year
1 (15 mos)
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
is
19
20
Totals
Exhibit C
Schedule of Maximum Payments for Average Sized Lot
Declining
Principle
$ 970.00
921.50
873.00
824.50
776.00
727.50
679.00
630.50
582.00
533.50
485.00
436.50
388.00
339.50
291.00
242.50
194.00
145.50
97.00
48.50
Principle
$ 48.50
48.50
48.50
48.50
48.50
48.50
48.50
48.50
48.50
48.50
48.50
48.50
48.50
48.50
48.50
48.50
48.50
48.50
48.50
48.50
Interest
Annual
Total
$ 97.00
73.72
69.84
65.96
62.08
58.20
54.32
50.44
46.56
42.68
38.80
34.92
31.04
27.16
23.28
19.40
15.52
11.64
7.76
3.88
$ 145.50
122.22
118.34
114.46
110.58
106.70
102.82
98.94
95.06
91.18
87.30
83.42
79.54
75.66
71.78
67.90
64.02
60.14
56.26
52.38
$ 9 70.00 $ 834.20 $1, 804.20
Monthly
Cost
$ 12.13
10.19
9.86
9.54
9.22
8.89
8.57
8.25
7.92
7.60
7.27
6.95
6.63
6.30
5.98
5.66
5.33
5.01
4.69
4.36