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-158- <br /> <br />2 93 units times $1,862 per unit <br /> <br />Conclusions and Recommendations: <br /> <br />The proposed improvements outlined in this study are feasible within the cost and financing <br />scenario presented. It is recommended that sanitary sewer, water service and the elimination of <br />inadequate storm water drainage be combined in a single project. In order to proceed with the <br />implementation of these improvements, a public hearing must be held if the improvements are to <br />be installed and finance, consistent with City code. While a sixty-day waiting period is required <br />under the City Charter before the city may order the project, this period may be eliminated if a <br />waiver petition is received by City signed by all benefited property owners. It is recommended <br />that the city attorney review the Development ageement with Sunfish Properties to determine <br />their responsibility for extending sanitary sewer to the eastern property line of Oak Terrace <br />Estates. <br /> <br />Schedule <br /> <br />In proceeding with the improvements, the following schedule could be anticipated <br /> <br />Receive feasibility study and set date for public hearing <br />Hold Public Hearing <br />Authorize projects and order plans and specifications <br />Approve plans and specifications and set bid date <br />Receive bids and award contracts <br />Complete construction <br />Set date for assessment public hearing <br />Hold assessment hearing and pass assessment resolution <br />First payment due with taxes <br /> <br />March 25, 2003 <br />April 22, 2O03 <br />April 27, 2003 <br />May 27, 2003 <br />June 24, 2003 <br />August 2003 <br />August 27, 2003 <br />September 23, 2003 <br />May 2004 <br /> <br />This assumes a waiver petition o f t he sixty waiting period mandated b y City C hatter i s <br />presented to the City Council. <br /> <br /> ! <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> ! <br /> I <br />I <br />! <br />I <br />I <br />I <br />i <br />I <br />I <br />I <br />I <br /> <br /> <br />