McCall Development Inc., developer of Annafeld Subdivision, desires to construct public improvements in the subdivision that include street lights and park improvements.  They would like to complete these improvements utilizing a special improvement district which is allowed per their Subdivision Improvements Agreement.  Annafeld Subdivision is located south of Elysian Road near Elysian School.  The park improvements proposed will be constructed in accordance with the park master plan for the subdivision and the street lights will be installed along each street frontage.  McCall Development previously constructed the streets and utilities within Annafeld Subdivision 1st Filing totaling $1,267,144.06 worth of improvements.  These improvements will count towards their required improvements  in order to meet the requirements of the City's Raw Land District Requirements (Resolution No. 87-15592). The already constructed improvements represent approximately 56% of the total improvement costs when including street, utility, street lights, and parks improvements.

The Council may:

• Approve the Resolution of Intent to Create SID 1404 and set a public hearing for the February 12, 2018, City Council Meeting; or
• Not approve the Resolution of Intent to Create SID 1404.  If not approved, the parks and street light improvements will have to be constructed with a private contract.

The total estimated costs of the improvements are $1,000,000.00 which will be paid from SID bonds and assessed to the properties within the SID boundary.

Staff recommends that Council approve the Resolution of Intent to Create SID 1404 and set a public hearing date for February 12, 2018.