Laserfiche WebLink
<br />attempt to mitigate financial hardship by allowing the assessment for overlays to be spread out <br />over a relatively long period (ten years). In addition it should also be considered that because of <br />the economic slowdown extremely competitive prices are anticipated for this work this coming <br />summer. In better economic times this same work cali be expected to be more costly. <br /> <br />Financing: <br />The financial impact for these projects is summarized below: <br /> <br />09-11 Barthel's Rum River, 2nd <br />09-12 Hunters Hill <br />Total <br /> <br />City <br />Cost <br />$ 68,829 <br />$ 38,,888 <br />$ 107,717 <br /> <br />Assessed <br />Cost <br />$ 68,829 <br />$ 38,888 <br />$ 107,717 <br /> <br />Total <br />Cost <br />$ 137,658 <br />$ 77,777 <br />$ 215,434 <br /> <br />Recommendation: <br /> <br />Staff recommends that improvement projects 09-11 Hunters Hills and 09-12 Barthel's Rum <br />River 2nd be ordered on May 12, 2009 as proposed. <br /> <br />Action: <br /> <br />Motion to recommend to City Council that improvement projects 09-11 Hunters Hills; and, 09- <br />12 Barthel's Rum River 2nd be ordered on May 12,2009 as proposed. <br /> <br />Reviewed By: <br />Director of Public W orkslPrincipal City Engineer <br />City Engineer <br />Public Works Street Supervisor <br /> <br />PW: 04/21/09 <br /> <br />2 <br />