Regular 3.
Regular City Council Meeting
- Meeting Date:
- 09/25/2017
- TITLE
- Public Hearing Respread SID 2908
- PRESENTED BY:
- Andy Zoeller
- Department:
- City Hall Administration
Presentation:
No
PROBLEM/ISSUE STATEMENT
The assessments for SID 2908 (work order 1506) have been completed by the Finance Division and are ready to spread on the tax rolls. SID 2908 was originally spread based on estimated or bond cost and is now being re-spread based on the completed construction cost. This project is for sidewalks on Poly Drive between 32nd St. West and 38th St. West.
ALTERNATIVES ANALYZED
The Council must hold a public hearing and then may:
- Approve the resolution; or
- Not approve the resolution. The property owners will not be assessed, and the General Fund will be responsible for paying for the improvements.
FINANCIAL IMPACT
The actual cost of construction was $25,688 less than the original estimates that were spread to the district. The reduction is being proportionately re-spread to the district, resulting in an average reduction in assessment of $546 per property. The amount assessed per property for the remaining 10 years is stated in the resolution.
RECOMMENDATION
Staff recommends that the City Council conduct a public hearing and pass the proposed resolution that spreads final assessments for SID #2908.