Agenda - Council - 03/10/2009 - Laserfiche WebLink

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It is the City's policy to assess property owners a fixed percentage of the total project cost of the improvements for projects associated with the annual street o t case oF al f bituminous overlays this percentage is 50% of the, total project be projects the council has determined� that it desires t w pc �mm assessm � ince 1 1991 l the accomplished aver a seven year period beginning percentage assessed for such projects has been 50% with a 100 % assessment prior to that tine, until year In each of the next seven years the assessment pc;rce e eliminated, This changey � r r: debt d 2014 when the assessment for sealco�its will be comp le1� Y in the summary of assessment policies which is contained in Appendix B. For the 2009 program sealcoats will be assessed 36 of the - total project cost, cul-de-sac lo ts, a wh h ar common w thin of f ront footages or property size since corner lots a the City, would receive widely disparate assessments, S ince r le t s o fe that generally a b classified subdivisions which have similar characteristics an apportionment of project costs when assessed equally within the individual subdivisions, "Cable 5 contains the distribution of costs between the City and the benefited s tie s . ix listing o bene properties is listed in the preliminary assessment l projects will have a final tabulation costs contained within this report are estimated costs, The pr described in this report. A public made; on actual project costs consistent with the methodology hearing will be hold id�;r�ti:f'ying the actual costs�to be recovered by special assessment, Each property may, at any time prior to ctorti:Ctcation of the ,assess � interest shall t be h rged whole of the assess rent on sLwh property, with interest, except if the entire assessment ent is paid within 30 days from the o file ass 11 Ae�QdL for Spe cial assessments reported to Ancal�a County shall p y sealcoating projects, and over a ten -year period for bitum 4 a� overlaying tp a i intere thi� time at a rate of two percent (2 %) above the U,S, Treasury hearing. PROJECTED PROJECT SCHEDULE A schedule for the milestones associated with this project is presented in Table 6 —159—