Consent 1.G.
Regular City Council Meeting
- Meeting Date:
- 11/10/2014
- TITLE
- SID 1397 Treasure Drive Resolution of Intent to Create District and Set a Public Hearing
- PRESENTED BY:
- David Mumford
- Department:
- Public Works
Presentation:
PROBLEM/ISSUE STATEMENT
Treasure Drive from Donna Drive to the City High Ditch is a gravel street with curb and gutter on both sides. The property owners approached the City Engineer's Office to inquire about paving Treasure Drive. A representative from the City Engineer's office met with the property owners on September 30th and presented the option of creating a Special Improvement District(SID) in order to pave Treasure Drive. There are 9 separate properties on Treasure Drive. A petition to create the SID was presented to the property owners and 8 of the 9 properties signed the petition.
ALTERNATIVES ANALYZED
The Council may:
• Approve the Resolution of Intent to Create SID 1397 and set a public hearing for the December 8, 2014, City Council Meeting; or
• Not approve the Resolution of Intent to Create SID 1397. If not approved the SID cannot move forward.
• Approve the Resolution of Intent to Create SID 1397 and set a public hearing for the December 8, 2014, City Council Meeting; or
• Not approve the Resolution of Intent to Create SID 1397. If not approved the SID cannot move forward.
FINANCIAL IMPACT
The total estimated costs of the Improvements are $76,000.00 and will be paid for through the sale of SID bonds and be assessed back to the property owners.
RECOMMENDATION
Staff recommends that Council approve the Resolution of Intent to Create SID 1397 and set a public hearing date for December 8, 2014.