Agenda - Council - 09/22/2015 - Laserfiche WebLink

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This work is being funded through a combination of Street Reconstruction Bond funds and special assessments. Per the City's adopted Special Assessments Policy, special assessments amounting to 25% of applicable overlay project costs have been targeted. The preliminary special assessment amount for all 124 benefiting properties with this year's project was set at $1,280 per lot which totals $158,720. However, based on actual project costs the special assessments that will be levied are anticipated to be less than this amount. As part of this project the City Council approved the preparation of a special assessment benefit appraisal consultation to verify that the special assessments would not exceed the benefit to affected properties. Based on the final special benefit consultation report, it is anticipated that properties benefiting from the improvements and proposed to be assessed will be enhanced in value by approximately $1,700 to $13,000 per property. Staff will discuss this in more detail during the Assessment Hearing on October 13th. Recommendation: Staff recommends Alternative Action #1. Action: Adopt Resolution #15-09-230 ordering the preparation of an assessment roll and calling for an Assessment Hearing for 2015 Street Maintenance Program Division B, Overlay Improvements; Improvement Project 15-00. Exhibit A Exhibit B Exhibit C Res 15-09-230 Attachments Form Review Inbox Reviewed By Date Joe Langel Joe Langel 09/17/2015 04:14 PM Kurt Ulrich Jo Thieling 09/17/2015 04:16 PM Patrick Brama Patrick Brama 09/17/2015 04:19 PM Form Started By: Bruce Westby Started On: 09/10/2015 02:17 PM Final Approval Date: 09/17/2015