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I I I Council Meeting Minutes March 28, 1989 Page 6 Public Hearing, continued The recommended plan~s special assessment portion of street cost is $178,205, with the City tax portion of street cost being $290,425. The street assessment rate with no existing curb is $17.62 per foot. The street assessment rate with bituminous curb credit is $13.20 per foot. The narrow street plan's special assessment portion of street cost is $168,534, with the City tax portion being $261,414. The Street assessment rate with no existing curb is $16.71 per foot. The street assessment rate with bituminous curb credit is $12.29 per foot. The no curbing plan's special assessment portion of street cost is $108,333, with the City tax portion of street cost being $296,373. The street assessment rate with no existing curb is $10.15 per foot. The street assessment rate with bituminous curb credit is $12.29 per foot. The City staff does not recommend the no curb plan since the city cost for this plan is higher and the city would still have substandard streets. Storm sewers are special assessed based on the contributing drainage area of each lot; the City would pay for the area of the public ri ght-of-way. Because of a hi gher amount of impervi ous surface, ri ght-of-way contri butes proportionately to more run-off. Since this affects the size of the pipe, and consequently, the cost, the city traditionally charges right-of-way double the residential rate. There are 16.9 acres of residential property and 5.5 acres of public right-of-way in the drainage areas. The special assessment portion of storm sewer costs is $55,993. The City portion of the storm sewer cost for right-of-way is $36,445, with the per acre rate of $3,313.18 to be special assessed. The estimated cost for utility service stubs is $750.00 per stub. Benke noted that residents have the option of installing these stubs themselves. If the project is approved, the project construction would begin in July and be completed in October. The project will be assessed in August, 1990. There will be a special assessment hearing at which the Council will determine the amount of the assessment based on actual costs, the interest rate to be charged, and the period of years over which the assessment is to be spread. Property owners who are assessed must be provided a 30-day period after the assessment is approved by the Council to payoff all or part of the assessment without interest charges. Public Hearing Long Lake Area Street Improvement Project Report 89-84