02-26-1990 Council Packet - Laserfiche WebLink

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would reduce the overall cost by 10%. D. Level of Support - The asauBption on the Stubbs Bay project has been that the Council would t^quir# a certain level of support as expressed in waiver of assessaent prior to undertaking the project. These waivers of assessment initially would express the "top end over which any amount over that (apart from capitilized interest) would require that new waivers be signed. Due to the nature of the area, it is recommended that a certain percentage of the pPQperty owners in the current area sign waivers prior to taking further steps in the process. Not having a certain level of assessment waiver, prior to the date that the project is ordered, would place the City at risk for the special assessment portion being appealed. (The staff is recommending a special assessment level that would not be that much greater than the Crystal Bay area finally was assessed), but this does not insure that this would not be appealed or reduced.) Issue 2 - Next Stubbs Bay Meeting It would be appropriate that the meeting be held in November/December in order for construction to be done next ye^. In advance of that however, the City could communicate to the residents that they would have to circulate among themselves a petition and get a minimum percentage of persons interest^ed in «sM«in?^ waivefr be^'^'igned* prior project. Once the petition is submitted, the Council could have a special meeting to address the questions raised and take any additional questions from the neighbors. ALTERNATIVES - Issue i - 1, Take a position of the Council on each of the items. 2. Table for further discussion. 3. Take no action at this time. Issue 2 • 1. Establish a meeting date. 2. Await establishing a date until after a petition is received. 3. Direct staff to send a letter regarding the level of support needed. I