Laserfiche WebLink
I <br /> i <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br />I <br />I <br />! <br />I <br />I <br /> <br />V$ <br /> <br />FINANCING AND ASSESSMENT: <br /> <br />Based on the City's assessment policy for assessing storm sewer <br />projects, it is proposed to assess the projects on an acre basis <br />to the area of benefit as shown on Exhibit A. <br /> <br />The following table provides a summary for the project showing <br />the number of assessable acres, cost per acre and the annual <br />amortized per acre cost projected at 11 percent interest for a <br />period of 10 years. <br /> <br />PROJECT SUMMARY <br /> <br />Total Cost <br />Assessable Area <br />Cost Per Acre <br />Annual Cost Per Acre <br /> <br />$8,100.00 <br /> 22.34 Acres* <br />$ 362.58 <br />$ 61.57'* <br /> <br /> *The assessable area excludes the ponding area which is a DNR <br />designated wetland. <br /> <br />**Based on 11 percent interest amortized for a period of 10 years. <br /> <br />VI. <br /> <br />PROJECTED PROJECT SCHEDULE <br /> <br />If the City should elect to proceed with the improvements, the <br />following schedule could be anticipated: <br /> <br />Accept feasibility study <br /> <br />Fold public hearing <br /> <br />Order plans & specifications <br /> <br />Take price quotes on construction <br /> <br />Complete construction <br /> <br />Assessment hearing <br /> <br />First payments due with real estate <br /> taxes <br /> <br />January 22, 1985 <br /> <br />March, 1985 <br /> <br />May, 1985 <br /> <br />June, 1985 <br /> <br />August, 1985 <br /> <br />September, 1985 <br /> <br />1986 <br /> <br />4 <br /> <br /> <br />