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Puma Street Development Initiated Expansion and Safety Improvement Project (IP 20-04) <br />Assessment Amount <br />Total Project Costs <br />$777,577.64 <br />Trunk Utilities <br />-$290,392.55 <br />Subtotal <br />$487,185.09 <br />Municipal Contribution to <br />Collector Road <br />-$143,100.00 <br />Assessment Amount <br />$344,085.09 <br />Based on a Council directed target of 33.3% (1/3) of total project <br />costs minus utilities. <br />Preliminary Assessment Roll <br />Property/Party <br />Net Acreage <br />Percentage <br />Assessment Amount <br />Paxmar/AKM Farms (Outlot A, <br />Alpha Development) <br />30.5 <br />41.50% <br />$142,795.31 <br />City (Outlot C, Alpha <br />Development) <br />4.1 <br />5.60% <br />$19,268.77 <br />Capstone/Riverstone (Outlot H, <br />Riverstone) <br />38.97 <br />52.90% <br />$182,021.01 <br />Total <br />73.57 <br />100.00 % <br />$344,085.09 <br />Total City Contribution <br />Assessment Amount as Real <br />Property Owner <br />$19,268.77 <br />Municipal Contribution to <br />Collector Road <br />$143,100.00 <br />Total <br />$162,368.77 <br />Percentage of Total Project <br />Minus Utilities <br />33.33% <br />Total Contribution by Party <br />Property/Party <br />Amount <br />Percentage <br />Paxmar/AKM Farms (Outlot A, <br />Alpha Development) <br />$142,795.31 <br />29.31% <br />City (Outlot C, Alpha <br />Development) + Municipal <br />Contribution to Collector <br />$162,368.77 <br />33.33% <br />Capstone/Riverstone (Outlot H, <br />Riverstone) <br />$182,021.01 <br />37.36% <br />Total Project Costs minus <br />Utilities <br />$487,185.09 <br />100.00% <br />33.3% (1/3) was target <br />