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Meeting Date:
06/27/2022
Carriage Trails - Special Assessments - Sections 2-5/7-5 - Resolution Of Necessity
Submitted By:
Anthony Rodgers
Department:
City Council
Council Committee Review?:
Council Work Session
Date(s) of Committee Review:
06/21/2022
Audio-Visual Needs:
None
Emergency Legislation?:
No
Motion/Ordinance/
Resolution No.:
Passed to a Second Reading
Agenda Item Description or Legislation Title
A Resolution Declaring It Necessary To Improve Public Streets And Easements In Section 2 - Phase 5 And Section 7 - Phase 5 By Constructing And Installing Certain Public Infrastructure Improvements, Including Street Improvements, Subbase, Concrete Curb/Gutter With Drainage, Asphalt, Street Lights And Signs, Sidewalk, Survey Work And Engineering, And In Each Case, All Other Costs And Improvements Necessary And Appurtenant Thereto.
(first reading)
Purpose and Background
DEC Land Company has requested that the City provide funding for a portion of the costs of constructing the public streets within Sections 2-5 and 7-5 of the Carriage Trails development through the use of special assessments. DEC has requested the City provide funding in the amount of $1,016,000, which is $8,000 per lot for the 127 lots proposed for construction. DEC has asked the City to then assess each of the 127 newly created lots $650 per lot per year for 25 years in order to repay the funding provided for this portion of the construction costs for the public improvements (the roads). In order to accomplish this, the City will need to pass a Resolution Of Necessity and an Ordinance To Proceed with the improvement - both of which are included in the meeting packet for Council's consideration. This item is the Resolution Of Necessity.
Fiscal Impact
Source of Funds:
N/A
Cost:
N/A
Recurring Cost? (Yes/No):
N/A
Funds Available in Current Budget? (Yes/No):
N/A
Financial Implications:
Attachments
Resolution
Exhibit A
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