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Council debates special‑assessment policy for 2025 projects; motion to explore lower interest rate passes, cut to assessment percent fails
Summary
Council discussed special assessments for 2025 street projects and heard staff models showing the homeowner share at 30% versus a proposed 25% split; a motion to explore lowering the assessment interest rate passed, while a direct reduction of the homeowner percentage failed.
The Kasson City Council devoted an extended portion of its April 1 meeting to special‑assessment policy for the 2025 project cycle, focusing on how much of street, water and sewer improvement costs should be assessed to benefiting property owners and how the remainder should be paid.
Staff presented the Southwest reconstruction project figures and said a 30% homeowner assessment equates to $803,400 total assessed (about $9,030 per residential equivalent unit, RU),…
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