Regular 5.H.
Regular City Council Meeting
- Meeting Date:
- 09/10/2018
- TITLE
- Public Hearing SID 2911 Spread of Assessments
- PRESENTED BY:
- Andy Zoeller
- Department:
- City Hall Administration
Presentation:
No
PROBLEM/ISSUE STATEMENT
The final assessment for Sidewalk, Curb and Gutter SID No. 2911 (work order 16-05) has been completed by the Finance Department and is ready to spread on the 2018 tax roll. This project is a reconstruction of Central Avenue from 32nd Street West to Shiloh Road, with improvements that include curb and gutter, sidewalk, and trail.
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 total cost spread to the district is $166,418.73. The assessment is spread over a 12 year period, at an interest rate of 4.50%. The assessments will range from $1,652 to $35,694. The amount assessed per property is stated in the resolution.
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 construction costs for SID 2911 (work order 16-05).