1. Special Assessments: Recommendations for Implementing an Effective Policy Kim Hayden May 5, 2007 ISE 8105

2. The Problem… How to Fund ► Many funding options available ► Amount of $ not keeping up with need ► Assessments offer financing option for local improvements ► Follow Chapter 429 Legislation ► Each agency has their own policy ► Which is working best?

3. Who Benefits? ► Taxpayers – see their $ go to improvements that benefit them directly ► Local agency – get funding assistance for local projects

4. ISE Themes Present ► Asset Management - funding local improvements - prioritizing improvements ► Financial Management -Securing available funds ► Law and Ethics

5. Project Outline ► Overview of available Funding Options ► Survey of Local Agency’s Special Assessments Policies ► Analysis of What is Working Well Based on Size of Agency ► Recommendation for Establishing Agencies for Implementing a New assessment Policy

6. Example of Survey Results Assessment Method Percentage Assessed PaymentLengthAllowed City Per Lot FrontageStreetStormSewerSaniSewerWater Mounds View ResidentialNon-residential25%25%25%25% 10 years Spring Lake Park ResidentialNon-residential45%NoNoNo 10 years WoodburyResidentialNon-residential33%33%33%33% 15 years Cottage Grove ResidentialNon-residential45%45%45%45% 15 years Dayton Uses both 50%50%50%50% CrystalResidentialNon-residential60%NoNoNo 15 years Fridley All property 50%50%50%50%

7. Questions or Suggestions?