01-22-1990 Council Packet - Laserfiche WebLink

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two. After 5 or 10 years there would be additional new streets in new subdivisions coming on that may require the addition of a second person. It is estimated that the City's cost of taking over these streets and being able to maintain them would be substantially less than the current individual efforts of the homeowners without calculating in their organizational costs. Seal Coatinq/Patchinq Maintenance - In addition it is estimated that if all the current private streets were taken over publicly that it would be approximately $10,000 in materials per year to maintain them in good condition once they are brought up to city standards. (In fact, those that are brought up will not need such maintenance for 5 to 10 years.) Continuation of Private Streets/Roads — Any conversion program should not require conversion from private to public should the homeowners association desire to maintain it privately themselves should the City choose to allow converstion. Petitioning for Conversion - It is suggested that it require a majority of the homeowner association to have it converted. Where that does not exist, it would require the unamlnous consent of all the property owners abutting that property. Both petitions would require meeting City standards before the City would accept them. Level Of Development - In the case of certain public streets such as Dickey Lake Road a certain number of lots needed to be built prior to the City accepting it. This however, requires the street to have a homeowners association and provide maintenance until that level is achieved. Acceptance after construction of the road would eliminate that need. Financing Of Upgrades - The last question is whether the City is willing to participate in the financing of these upgrades. At the present time it is unknown what impact this would havt and how much would be involved in each upgrade and whether the City would be willing to assess those projects on a pooled basis. The City could establish a revolving fund for such based on bond monies to be approved and assessed back to the property owners. This could entail substantial administrative work but if desired could be undertaken. The City could bond for such projects based on an estimated need and special assessment. Timing of Conversion - Staff would recommend the system where by application for conversions need to be submitted by 1 April of each year to allow an October 1 turnover of that year in advance of the snowplowing season. This would allow time for an analysis and construction of any improvements. Financing of Additiona1 General Fund Costs - The City should within its budget have enough "freedom" to undertake the additional $45,000 per year, particularly in two years when the levy limitations are supposed to be removed. This would translate into an increase of approximately .4% of a persons tax