03-26-1990 Countil Packet - Laserfiche WebLink

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Project 80-1 - In this project th#> original assf^ssra^nt had been made prior to the project completion. The City subsequently reduced the project assessment to reflect the actual costs of the project. Project 73-1 - After the initial assessment the project assessment was reduced by the City prior to a final Court disposition for those who participated in the appeal process (123 of 266) parcels in the project with the possibility that the city may have to pay for additional assessments over and above those that they had picked up on the front end. This however# was not required because the combination of a refunding of the bond issue for a lower interest payment, prepayments and high interest rates cost. in the late *70*s, CovertfOthe entire7 Project 85-1 (Crystal Bay) - This was the second project according to the records that went to Court as an appeal and which was reduced because of that. It is the only project that the amount of the assessment reduction has made it necessary to levy taxes to fund the debt service. The following represent the area served and the approximate pec unit costs of the projects and the year in which they were donex PROJECT AREA SERVED ASSESSMENT N 1963-l.A/B Navarre Area Sewer Plant 1963-ST/LS Navarre Area Sewer Lines $225.00/Unit $110.00/Acre plus $8.00/FF (Front Foot) iv: 1964- L5 1965- LS Navarre Area Sewer Lines (Fagerness Point) Sewer Lines $225.00/Unit plus $8.15/FF $225.00/Unit plus $8,76/FF 1965-LS (Sandy Beach) Sewer Lines $225.00/Unit plus $12.00/FF 1967-LS-l Orono H.S. & South Side of Hwy 12 from Willow Dr to Old Crystal Bay Road - Sewer 1976-LW-l - Water $60.00/Unit plus $5.99/FF $1050.33/Unlt plus $7.79/FF 1969-LS-l Shore Hills Sewer Lines - Navarre $225.00/Conn (Connection) plus $3211.33/Unit ii