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wm <br />'mji' <br />^fy-i "■■^ <br />®a, <br />. V- <br />V.' <br />ir/-^.. <br />yt^' <br />p|:%: <br />•:?v^'" _ <br />, I <br />N‘7 <br />If-.' <br />pi'''' '■' <br />w... <br />\ i ■Mm. <br />PROJECT COLT AND ASSESSMENTS <br />rti a recent meeting to finalize the staff recommendation <br />concerning proposed assessments Bruce Malkerson, the City <br />Attorney, suggested that the estimated project costs should <br />include a contingency amount. he indicated that if the city were <br />reguired to acguire even one easement through th eminent domaine <br />process, the amount currently budgeted for easement acquisition <br />would be totally used. In staff discussions it was determined <br />that a $100,000 contingency amount should be added to the project <br />cost to protect the city against potential additional costs. <br />The $100,000 contingency amount has been included in the total <br />pr>' ‘ect cost for purposes of calculating the proposed assessment <br />roll. The contingency amount increases the per unit assessment <br />amounts by $400-$700 depending on the assessment amount. If the <br />contingency amount is not required to be used the assessment <br />amounts can be reduced prior to levying the assessments. <br />Although the assessment amounts were calculated at 70% of the <br />cost per unit, six vacant lots were assessed at 100% of the cost <br />per unit. This was based on the proposed policy concerning <br />vacant lots which become buildable lots due to the availability <br />of sewer. These 100% assessments resulted in the city's <br />participation being reduced $26,490 below the 30% level. This <br />amount was then used to reduce the assessments of those areas <br />with the highest assessment amounts. The proposed assessment <br />roll reflects those reductions. <br />The proposed assessment amounts for <br />as follows: <br />the various project areas are <br />AREA # UNITS <br />TOTAL COST <br />PER UNIT <br />TOTAL ASSMT <br />PER UNIT <br />Stubbs Bay N.E.44 $12,630 $ 8,840* <br />Stubbs Bay N.W.25 12,630 8,840* <br />Bayside East 14 12,630 8,840 <br />Bederwood 11 19,550 12,990 <br />Bayside North 4 16,550 11,585 <br />Oxford 9 23,360 14,990 <br />Cygnet 30 19,460 12,995* <br />There are three lots in Stubbs Bay N.E., one lot in Stubbs Bay <br />N.W., and two lots in Cygnet Place that are proposed to be <br />assessed at 100% of the total per unit cost because they are <br />currently unbuildable lots which wil1 become buildable due to <br />the availability of sewer.