Paying for Fargo's infrastructure work
In Fargo, it is the city that pays contractors for infrastructure projects as they happen. Then, about once a year, the city pools the cost of all the construction projects that need to be financed and sells a Special Assessment Revenue Bond. A bond is like a loan— it has an interest rate, a term and a principal amount, and it must be repaid in full. The bond is repaid with the special assessment payments that property owners make each year.
When a project creates a significant "public" benefit, the City of Fargo may assume a portion of the cost of the improvement, either by incurring new debt or by using other available resources. The portion of the project cost that the city will assume varies and must be consistent with the policies adopted by the City Commission and contained in the Capital Improvements Plan.
However, in many cases, the cost of capital improvements and infrastructure upgrades are charged either partially or totally to the property owners who receive the benefit through the "special assessment" process. In order to identify how special assessments are assessed to property owners, Fargo established an Infrastructure Funding Policy (pdf) that illustrates how infrastructure is paid for when replacement/rehabilitation is done or new developments are constructed.
The following map shows the breakdown of the Assessment Districts for Minor, Principle and Collector Arterial roads:
Arterial Assessment District Map (pdf)
The shaded areas on these maps indicate which Arterial roads that your property would be subject to special assessments for.
For more information, please contact the Special Assessments Department at
(701) 241-1332 or the Engineering Department at (701) 241-1545.