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Item 1.N.
 
City Council Regular
Date: 05/24/2021
Title: SID 1411 Park Lane Paving Resolution of Intent to Create District and Set a Public Hearing
Presented by: Debi Meling
Department: Public Works
Presentation: No

RECOMMENDATION

Staff recommends that Council approve the Resolution of Intent to Create SID 1411 and set a public hearing date for June 14, 2021.

BACKGROUND (Consistency with Adopted Plans and Policies, if applicable)

Park Lane is an existing gravel street located west of Highwood Drive, between Rimrock Road and Poly Drive. A formal interest survey for the creation of a special improvement district (SID) to construct Park Lane, dated October 9, 2019, was delivered to the two properties addressed on Park Lane. Both property owners returned the survey, electing the City to move forward with the creation of a special improvement district. The City met with the two property owners on May 11, 2021.  Both property owners confirmed interest in moving forward with creation of a special improvement district.  The City is proposing to construct Park Lane utilizing the gravel streets paving program, including asphalt pavement to be bound by curb and gutter. As part of the budgeted gravel street paving program, the City will contribute to the cost of the paving, curb and gutter, and minor drainage improvements.

Six (6) total parcels are adjacent to Park Lane within the construction limits. Of those six (6) parcels, only two (2) are physically addressed to Park Lane. These two parcels will comprise the special improvement district, are equally benefited by the special improvement district, and will therefore be assessed with the equal amount option. The remaining four (4) parcels will not be assessed for any of the improvements based on them being addressed on other streets per the City's SID policy.

ALTERNATIVES

City Council may:
  • Approve the Resolution of Intent to Create SID 1411 and set a public hearing for the June 14, 2021 Council Meeting; or,
  • Not Approve the Resolution of Intent to Create SID 1411. If not approved, this section of Park Lane will remain a gravel street.

FISCAL EFFECTS

The funding source, estimate cost of improvements, and total project cost for SID 1411 is as follows:
SID 1411 Funding Source SID 1411 Estimated Cost
SID $30,000.00
Gas Tax $81,909.23
Total $111,909.23

Funding for SID 1411 is available in FY21 through the gravel streets program.

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