05-22-1998 Council Packet - Laserfiche WebLink

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which are not subject to a roarK^ vaj.ua increase test. It is anticipated that these charguA ^oald equal the balance of the cost per unit that is not already funded by assessment and/or user fees. The City does have the ability instead of collecting these on the front end, have them spread out over the length of the financing. It has beer: suggested that this be made available to people in exchange for a waiver of assessment. The City d«- have the right to require hook up to the project within 16 me of its completion under current codes. User Fees - The City could establish a separate user fee for to assist in financing the project. This would strictly than C. _ _ the area be a financing tactic and may make the issue more confused strictly using assessment and conneccion charges. Reserve Charge - A final means would be a reserve charge. The project Installation would accommodatfe“ additional units when built at the minimum size allowed. Should the City choose to participate on the front end of this project it would allow for reimbursement should other areas be required to tap into this line. Most probably the area in Cygnet Place would be a candidate for the future. For each $50,000 ♦•h Cxty would "buy" ol reserve capacity, it would reduce each unit cost about $500. ^ Process for Decision - The following is recommended as a for decision: process Event A. Public meeting Issues Date B. Petition from residents C. Engagement of an appraiser D. Decide financing options Discuss finances of waste 7/89 disposal study Discuss project Discuss layout Discuss means of financing Mini/n HTi percentage of persons 9/89 willing pay Dete consultant to 10/89 est ..blisi market benefit Level of -Assessment “Connection •. « l 3 j -Reserve fee E. Moratorium on development (Optional F. MUCA line amendment "determine level ot mir.te'’' •‘lopment G. Development of Pl«. and Specificatio . 1 project layout K. ^jojeot l^nes bid to ellov#