01-22-1990 Council Packet - Laserfiche WebLink

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at are the costs of the project and what are anticipated to the financing options.e costs are detailed on the sheet that was handed out, lit out between about a $6,500 assessment charge and tween $4,200 and $9,700 connection charge. It is ticipated that it would be a 15 to 20 year bond issue. If ur total assessment plus connection charge was $10,000 er 15 years that would cost about $670 per year in interest gether with an initial interest cost of about $800 which uld be decrease over the 15 year period to a f'nal year terest cost in the range of $60.00. Spread over — years.annual principal would go down but the amount of interest .d over that timeperiod would be increased. If your rate $15,000 just multiply those numbers by 1.5 times the ),000 number. ! the larger lots subsidizing the smaller lots? the extent that sewer is going to be installed adjacent to .arge lot, a lot with a large frontage actually costs more serve than a lot with a small frontage. To the extent It sewer is needed the greater number of smaller lots :ually, defray the cost for the larger lots. (This is Lanced out by splitting the areas between the larger and iller lots and having the lateral cost for the smaller :s, in this case, being less than for the larger lots.) in't there other places, such as Cygnet Place, that in the :ure will need to have sewer? ‘ City staff has looked at Cygnet Place as far as sewering I what impact that has on this project. It is anticipated it that area will be looked at over the next 5 or 10 years, jther the area needs sewer would be the subject of a Waste lagement Study and will be dependent, not only, on lot size t also topography, soil conditions, water table etc. We oked at it as to how a sewer pipe will be run on an sroximate basis. • •5. 6. 7. Will there not be excess capacity in the line that someone else could use?The minimum diameter line that can be put in according to state requirements would be an 8 inch line? This obviously can serve more than the approximately 100 units in this area. Other areas could be hooked into this and utilize this capacity. Staff has discussed the possibility of having a portion of the cost of the excess capacity picked up by the City initially as a reserve charge, to eventually be funded by those -ho may use the pipe. To the extent that this is done, ev $100,000 that the City would set aside as reserve charge wou^d reduce the unit charge by approximately $1,000 per unit based on 100 units. It should be remembered however, that this area will be hooking into the line on Tonkawa Road (Co. Rd. 135) which has "reserve capacity for this area and for future areas. (.All the people along Tonkawa paid for their entire system and there is no anticipation that they would be rebated anything as a result of this improvement.) If you are on a large lot can you stay out of the sewer project? • It has been the City's policy to include all properties which are abutting a line. This is done because you now have an option for sanitary disposal that you previously did not have even if you choose not to exercise it. City policy has been that all properties abutting a line hook up in the study area and that they must hook up within 16 months and pay for the improvement. Will zoning be changed to help us afford the improvement? In 1975 this area was zoned from the previous 1 acre to 2 acre zone because there was not sewer in the area. This was also done in other areas of the City that did not have sewer, including the Crystal Bay area. That sewer was installe 1985 and there has been no request by the resident- ^ y initiative by the City to rezone that area. (It •- « noted that even if rezoned to 1 acre standards, L- ' the lots in the Crystal Bay area would remain subs . .-o.) Should a request for rerotiing be considered, the »ould have to amend its Comprehensive Plan. Also, to the extent I .