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Mayor Strommen asked staff to provide additional information on the funding for these projects <br /> and why the general fund is not used, noting that there was a five-year process in determining <br /> how to fund these road project. <br /> City Engineer Westby stated that originally in the discussion the City investigated the option of <br /> using franchise fees to fund road improvements but noted that due to the difficulties that arose <br /> from negative comments and from the Charter Commission, that option was not chosen. He <br /> stated that is how the assessment came about, to assess 25 percent of the project cost to the <br /> directly benefiting properties and spreading the remaining 75 percent across the entire City's tax <br /> base. He noted that 25 percent is a very common percentage for assessment rates. <br /> Councilmember Kuzma stated that the method for paying for the road improvements is bonding <br /> and stated that in order to use bonding, the City has to use assessment along with that. <br /> City Engineer Westby provided additional information on the bonds the City uses, noting that 20 <br /> percent is the minimum for assessments. He noted that sometimes when you target 20 percent, <br /> you can fall short and that is why 25 percent was chosen. He stated that staff is looking five <br /> years ahead to determine a schedule of road improvements. <br /> Councilmember Kuzma stated that if the City uses the bonds, they are mandated to charge a <br /> minimum of 20 percent in assessment by the State Statute. <br /> Public Hearing <br /> Mayor Strommen called the public hearing to order at 7:47 p.m. <br /> Citizen Input <br /> There was none. <br /> Motion by Councilmember LeTourneau, seconded by Councilmember Shryock, to close the <br /> public hearing. <br /> Motion carried. Voting Yes: Mayor Strommen, Councilmembers LeTourneau, Shryock, Johns, <br /> and Kuzma. Voting No: None. Absent: Councilmember Riley. <br /> The public hearing was closed at 7:47 p.m. <br /> Council Business <br /> Motion by Councilmember Johns, seconded by Councilmember Shryock, to Adopt Resolution <br /> #17-11-285 Approving Feasibility Report and Ordering Plans and Specifications for <br /> Improvement Project#18-00 Stanhope Terrace Street Reconstructions. <br /> City Council/November 14,2017 <br /> Page 6 of 14 <br />