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Item 7.e.
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| City Council Regular | |
| Date: | 09/12/2022 |
| Title: | Public Hearing SID 2923 Allocation of Assessments |
| Presented by: | Andy Zoeller, Finance Director |
| Department: | Finance |
| Presentation: | Yes |
| Legal Review | No |
RECOMMENDATION
Staff recommends that the City Council conduct a public hearing and pass the proposed resolution to assess property owners for sidewalk construction costs for SID 2923 (work order 21-25).
BACKGROUND (Consistency with Adopted Plans and Policies, if applicable)
The improvements constituting the Boulder Avenue Improvements will be for sidewalks. The improvements were installed and constructed at various addresses along 30th St and 31st St on Boulder Avenue. SID No. 2923 (work order 21-25) has been completed by the Finance Department and is ready to spread on the 2022 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 $77,544. Assessments range from $4,178 to $11,249 spread over a 12 year period, at an interest rate of 6%. The amount assessed per property is stated in the resolution.