Agenda - Council - 09/27/2016 - Laserfiche WebLink

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access onto the improved street segment and are therefore considered to receive direct benefit from the improvements, preliminary special assessment amounts were approved at $950 per benefiting property, which was selected based on special assessments collected from recently completed overlay projects. This totals $2,850 in special assessments which amounts to about 1.4% of total project costs. Project costs will be funded using a combination of street overlay bond proceeds, special assessments to benefiting properties, and stormwater utility funds in the following amounts: • Special assessments = $2,850 (a total of 3 benefiting properties assessed at $950 each) • Street overlay bond funds = $217,905.68 ($2,850 to be paid back from special assessments) • Stormwater utility funds = $14,878 Street overlay bonds were issued in the amount of $300,000 to cover all eligible project costs, including costs to be recovered through special assessments to benefiting properties. A special benefit consultation report was not ordered for this project due to the minimal amount of special assessments. Recommendation: Staff recommends Alternative Action # 1. Action: Motion to adopt Resolution #16-09-174 ordering the preparation of an assessment roll and calling for an Assessment Hearing for 2016 Mill and Overlay Improvements; Improvement Project 16-00 Division B on October 25th, 2016. Attachments Resolution Plans Form Review Inbox Reviewed By Date Diana Lund Kathy Schmitz 09/22/2016 01:35 PM Kurt Ulrich Kurt Ulrich 09/22/2016 03:12 PM Form Started By: Bruce Westby Started On: 09/21/2016 09:34 AM Final Approval Date: 09/22/2016