Agenda - Council - 02/09/2010 - Laserfiche WebLink

Home

street including Roanoke Street and Alpine Drive between .Highway 10 and Armstrong. The decision city makes on the CR 116 project may affect whether the Magnesium Street should be kept on the overlay program. Citizen Involvement: A citizen informational meeting will be held again this year to answer questions regarding the program and also to identify any additional improvements that should be reviewed and considered in addition to the. scheduled street maintenance work. Staff will use this as an opportunity to hear from local residents of any issues which could best be remedied prior to the street work taking place, as well as to answer questions regarding the program and its process. Budget: A summary of the financing for the 2010 program is as follows: $56,462 Developer Escrows $114,264 MSA $202,368 Overlay Assessments $43,548 Seal Assessments $468,700 City General Fund (reimbursed with approx. $305,000 from TIF#4) $885,342 _ Total In addition to the above seal coating and overlay projects it should be noted that an estimated $137,518 from the $468,700 of City general funding will be used as the city contribution to project 08-34, the bituminous paving of 1 S l st Ave, 152°d Ave, and Fluorine Street in 2010 which are currently dirt streets. It should also be noted that $125,000 from the Public Improvement Revolving Fund was dedicated in the 2010 budget for a street reconstruction project in the NOW AND THEN ESTATES subdivision south of the Brookfield development. Due to the extremely high potential assessments associated with this improvement the residents of this neighborhood would not be supportive of this project without an additional City contribution. More maintenance projects could be undertaken if the funding for the NOW AND THEN ESTATES project were reallocated into the Street program. Assessment Policies: This year is the third year of a seven year program to phase out the previous policy of assessing property owners 50% of the sealcoating project costs. The 2010 sealcoating project will assess 29% of the total cost. This will decrease by 7% per year until the entire assessment on sealcoating will be eliminated in 2014. The assessment-policies for sealcoating/crackfilling and bituminous overlays have evolved into the list of assessment procedures attached to this case as Appendix B. This policy has been modified and expanded over the years as needed, and the Council may wish to review these policies. In particular attention is directed to Policy #3 which specifies the circumstance under which multiply frontage lots are assessed. It has been a long standing policy to assess only one frontage of a double or triple frontage property (the frontage for which the parcel is addressed).