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<br />Page 1 of 1 <br /> <br />ESTIMATED COS~ <br /> <br />The total cost of the driveway program is estimated to be $137~OOO. <br /> <br />FINANCE <br /> <br />The City would finance the project and assess an costs to the benefitting properties over 8 <br />period. 'There may be some senior citizen deferments that would require the City to "hold': <br />costs until the property jlf Bold. <br /> <br />~RQJEcr TIMETABLE <br /> <br />April15~ 2003 <br /> <br />-Councll orden project~ approves pJ.ans, and orders ad for t <br /> <br />May 20~ 2003 <br /> <br />-Council awards contract fur driveway paving <br /> <br />. September, 2003 <br /> <br />-Construction completed <br /> <br />Winter, 2003.04 <br /> <br />-proj e~ costs asBe8:;ed to properties by CounoU <br /> <br />PROPOSED ASSESSMENTS <br /> <br />Costs for driveway paving will vary considerable from one property to another depending <br />vddth, length, md grading work needed to do the lob. Each property will pay fur the cost <br />work done on the property, <br /> <br />PROJECT FE~SmILITY <br /> <br />The project is nereasary for property owners to comply with the ordinance. The proj ect vi: <br />b en.efit the properties and the project is feasible to construct <br /> <br />CONCLUSION AND RECOM:M:ENDA nON. <br /> <br />Council adopted an ordinance in 2000 that require3all properties to have a plM:d drlvewa: <br />June 30, 2004, The City decided to help people comply with. the ordinance by paving driv~ <br />under City contract and assessing-the cos.t over a 5..year period. In order to assess costs. tf <br />must go through certain steps. The first step is to order the project by adopting the atta.chl: <br />:l.'esolution. <br /> <br />40 <br />