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Puma Street Development Initiated Expansion and Safety Improvement Project <br />Assessment Amount <br />Total Project Costs$990,000.00 <br />Trunk Utilities-$230,000.00 <br />Subtotal$760,000.00 <br />Municipal Contribution to Based on a Council Directed Targed of 33.3% (1/3) of total project <br />Collector Road-$225,000.00 costs minus utilities. <br />Assessment Amount$535,000.00 <br />Preliminary Assessment Roll <br />Property/PartyNet AcreagePercentageAssessment Amount <br />Paxmar/AKM Farms (Outlot A, <br />Alpha Development)30.541.50%$222,025.00 <br />City (Outlot C, Alpha <br />Development)4.15.60%$29,960.00 <br />Capstone/Riverstone (Outlot H, <br />Riverstone)38.9752.90%$283,015.00 <br />Total73.57100.00%$535,000.00 <br />Total City Contribution <br />Assessment Amount as Real <br />Property Owner$29,960.00 <br />Municipal Contribution to <br />Collector Road$225,000.00 <br />Total$254,960.00 <br />Percentage of Total Project <br />Minus Utilities33.55% <br />Total Contribution by Party <br />Property/PartyAmountPercentage <br />Paxmar/AKM Farms (Outlot A, <br />Alpha Development)$222,025.0029.21% <br />City (Outlot C, Alpha <br />Development) + Municipal <br />Contribution to Collector33.55%33.3% (1/3) was target <br />$254,960.00 <br />Capstone/Riverstone (Outlot H, <br />Riverstone)37.24% <br />$283,015.00 <br />Total Project Costs minus Utilities100.00% <br />$760,000.00 <br /> <br />