Agenda - Council - 04/23/1985 - Laserfiche WebLink

Home

I I I I I I D) Terms Used in Determining Assessable Costs: (1) (2) (3) Contract Cost - Amount paid to contractors (construction costs {amount paid to contractors for constructing the improvements and cost of first time sealooating as estimated in new develo[~ents}) for constructing the improvements and engineering, legal, right-of-way and condemnation costs. Construction Interest - Cost of financing during the time period of the improv~ent process, starting when the amount paid the contractor equals the amount paid as escrow (if any) until the assessment roll is approved by the City Council. The interest rate will be at the expected assessment rate. Expenses to be Assessed - Cost incurred by the City in addition to the contract costs, including advertising, financing charges, actninistration and assessing. I I I I I I I I I (4) Project Cost (Total Cost of Improv~ent) - Total of contract costs, interest and expenses and work previously done but not assessed. E) Procedures Relating to Special Assessments: (i) Sanitary Sewer Trunk - Sanitary sewer trunk costs are apportioned to the net area that is benefited by the trunk facility constructed. The costs are then apportioned to each parcel by the rate/REC as determined by dividing the costs by the total REC's in the net area of benefit, then multiplying that oost/REC by the net number of the REC's in the parcel. In a plat, the net area of the plat is multiplied by the REC/acre and the total RECs in the plat are multiplied by the cost per REC. For residential develolz~nt, the minimum number of REC/acre shall be three and the maximum number shall be 7.5. The actual number of RECs shall be used up to a density of five per acre. Densities exceeding five per acre shall be assessed at a rate of five RECs plus 0.25 REC/unit exceeding five. For industrial and oommercial property, the minimum number of REC/acre shall be 5.5 and the maximum number shall be based on the estimated water use. Commercial and industrial development requiring over 1,,500 gallons of water/acre shall be assessed an additional REC for each 275 gallons of water required. I I I I Residential Equivalent Connection (REC) charges for sanitary sewer trunk service to dwelling units or other structures be oollected at the current rate prior to the issuance If sewer connection or REC charges were previously assessed to a commercial/industrial parcel or a part of a parcel, and such land is developed with a more intensive use than was contemplated at the time connection or REC charges were assessed, additional REC charges shall be calculated and assessed based on the higher use.