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Item 2.h.
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| City Council Regular | |
| Date: | 09/13/2021 |
| Title: | Public Hearing SID 2916 Allocation of Assessments |
| Presented by: | Andy Zoeller, Finance Director |
| Department: | Finance |
| Presentation: | Yes |
RECOMMENDATION
Staff recommends that the City Council conduct a public hearing and pass the proposed resolution to assess property owners for sidewalk, curb and gutter, drive approaches, and alley approaches construction costs for SID 2916 (work order 19-02).
BACKGROUND (Consistency with Adopted Plans and Policies, if applicable)
This project is for Missing Sidewalk Improvements in various locations around the city. SID No. 2916 (work order 19-02) has been completed by the Finance Department and is ready to spread on the 2021 tax roll.
ALTERNATIVES
City Council may:
- Approve; or,
- Not Approve, the property owners will not be assessed, and the General Fund will be responsible for paying for the improvements.
FISCAL EFFECTS
The total cost spread to the district is $180,800. Assessments range from $799 to $16,451 spread over a 12 year period, at an interest rate of 3.69%. The amount assessed per property is stated in the resolution.