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Item 2.i.
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| City Council Regular | |
| Date: | 09/13/2021 |
| Title: | Public Hearing SID 2917 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 appurtenant construction costs for SID 2917 (work order 19-35).
BACKGROUND (Consistency with Adopted Plans and Policies, if applicable)
The final assessment for the improvements constituting the Metal Streets Improvements will be the curb/gutter, sidewalk, drive approach and appurtenant. The streets included in the project are Copper Boulevard, Golden Boulevard, Silver Boulevard, Roth Lane, and Vickery Drive and are generally located north of Poly Drive and west of Beartooth Drive. SID No. 2917 (work order 19-35) 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 $136,301. Assessments range from $1,311 to $10,393 spread over a 12 year period, at an interest rate of 3.69%. The amount assessed per property is stated in the resolution.