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HomeMy WebLinkAboutDocumentation_Stormwater_Tab 7_4/28/1997 Memorandum To: Stormwater Utility Board From: Allan F. Oslund, Coordinator, Stormwater Utility & Capital Projects A In as Date: April 25, 1997 Subject: Stormwater Utility Non-Ad Valorem Assessment This Non-Ad Valorem Assessment was established in 1996 at the rate of $5 . 12 per Equivalent Residential Unit (ERU) . One ERU equates to 3 , 576 square feet of impervious area. Single-family residences are broken into three (3) categories : Small = 0 . 65 ERU Medium = 1. 00 ERU Large = 1 .30 ERU Condominium units are assessed at 0 . 67 ERU/unit . Multi-family units are assessed 0 . 84 ERU/unit . Commercial and Industrial parcels are assessed based upon the total impervious area of each individual parcel converted to ERU' s at the rate of 1 ERU per 3 , 576 square feet of impervious area. This equates to approximately $198, 000 annual income to Stormwater Utilities . The Board should consider if this is adequate funding for Stormwater Utilities or if assessment adjustments are necessary. AFO/mk Aloslund.StormBd.sam