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Item 5.
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| City Council Regular | |
| Date: | 06/12/2023 |
| Title: | SID 1423, Annafeld Subdivision, 4th Filing, Streetlights Public Hearing and Resolution Creating District |
| Presented by: | Debi Meling |
| Department: | Public Works |
| Presentation: | Yes |
| Legal Review: | Yes |
| Project Number: | N/A |
RECOMMENDATION
Staff recommends that Council conduct a public hearing and approve the resolution creating SID 1423 Annafeld Subdivision 4th Filing Streetlights.
BACKGROUND (Consistency with Adopted Plans and Policies, if applicable)
McCall Development Inc., the developer of Annafeld Subdivision, 4th Filing, desires to construct public improvements in the subdivision that include streetlights. McCall Development would like to complete these improvements utilizing a special improvement district, that is allowed through the recorded Subdivision Improvements Agreement for the subdivision. Annafeld Subdivision, 4th Filing, is located south of Elysian Road near Elysian School. The streetlights will be installed along each street frontage. The streetlights will be maintained by the Homeowners Association until all of Annafeld Subdivision is completed. At that point, a Special Improvement Light Maintenance District (SILMD) will be created for maintenance.
McCall Development previously constructed the streets and underground utilities (water, sewer, and storm drain) within Annafeld Subdivision, 4th Filing, totaling $2,626,290 worth of improvements. These improvements count toward the required improvements in order to meet the requirements of the City's Raw Land District Requirements (Resolution No. 05-18234). The previously constructed improvements represent approximately 83% of the total improvement costs when including street, utility, and streetlight improvements.
McCall Development previously constructed the streets and underground utilities (water, sewer, and storm drain) within Annafeld Subdivision, 4th Filing, totaling $2,626,290 worth of improvements. These improvements count toward the required improvements in order to meet the requirements of the City's Raw Land District Requirements (Resolution No. 05-18234). The previously constructed improvements represent approximately 83% of the total improvement costs when including street, utility, and streetlight improvements.
ALTERNATIVES
The Council may:
- Conduct a public hearing and approve the resolution creating SID 1423; or,
- After holding a public hearing, do not approve the resolution creating SID 1423. If not approved, the developer will have to install streetlights at their cost.
FISCAL EFFECTS
The total estimated costs of the improvements are $538,000 which will be paid from the sale of SID bonds and assessed to the properties within the SID boundary.