1989-03-28 - Laserfiche WebLink

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I Council Meeting Minutes Page 5 March 28, 1989 Public Hearing, continued I I .' The narrow street plan includes 24 foot street widths on all streets except 15th Street and a portion of 14th Avenue, which are presently 32 feet wi de, and does i ncl ude concrete curbi ng on all of the streets. The storm sewer and utility service stubs would also be required. The total project cost for the narrow street plan is $522,386. The no curbing plan includes 32 foot street width on all streets except 12th Avenue and 14th Avenue north of 15th Terrace, wh i ch would again be 24 feet wide. The total project cost for the no curbing plan is $497,144. If approved, the project requires the issuing of special assessment improvement bonds, which would be paid off by a c9mbination of special assessments levied against the benefiting properties, and a general debt levy. Speci a 1 assessment bonds are not i ncl uded within the City's levy limits, even though they can be partially paid off using general taxes. The statutes governing special assessment bonds require that a minimum of 20% of the bond cost be paid thorough special assessments. I n accordance with the assessment pol i ci es of our Comprehens i ve Street Plan, 25% of the street surfacing costs is special assessed, 100% of the curb cost is speci a 1 assessed on streets wi th no existing curb and 50% of the curb cost is special assessed on streets with existing bituminous curbing. The special assessment portion of the street cost is assessed against the benefiting properties in the project. The portion of the street cost which is not special assessed is paid through a City-wide tax. Individual properties are special assessed for the street based on the amount of assessable frontage their lot contains and if they have no curb or bituminous curb. Lots with existing bituminous curb receive a 50% curb credit as compensation for their curb investment. The 50% credit is based on the cost of bituminous curb being about half as much as concrete curb. Corner lots are assessed along their short side, which also determines if a particular lot is included in a project. There are a few lots north of the intersection of 13th Street and 12th Avenue, which technically have no frontage on a public street. These lots utilize the streets for access and rightfully should pay for a fair share of this street system. It is recommended that these lots be assessed based on 75 feet, wh i ch is the mi n i mum res i dent i allot width by City Ordinance. Public Hearing Long Lake Area Street Improvement Project Report 89-84