11-13-1989 - Agenda Packet City Council - regular meeting

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line, it was id=ntified as an area that could be expanded in the City s,C.mpretrvnsive Management Plan.) The impact of adding these units would be an effort to reduce the cost to the existing 82 residential developed lots and the approximate 10 additional potentially buildable vacant lots. The inclusion of Sussex would reduce the cost approximately 15% of the trunk costs or about 7-10% of the overall. Oxford would reduce the per unit trunk cost about 12% and about 6-81 of the total per unit cost. Cygnet Place would reduce the per unit trunk cost by 21% and the total by 10-121. I£ these were not included at this time, there is enough capacity in the line to allow for their connection in the future. This would probably be done as a combination of an assessment together with a connection charge into the main. B. City Funding of Any Reserve Charge - As noted in t`:e first item, there will be additional capacity of approximately 250+ units in this line which will be constructed at the minimum size. These together could reduce the total cost by about 25%. As an alternative for each $100,000.00 in reserve capacity the City would take would result in about $1,000.00 per property reduction of those currently in the Stubbs Bay area. (About an 98 reduction in the total cost which ranges from $11,-16,000). If the City chooses not to fund any portion of the sewer the City may face a forced reduction of special assessments resulting from the appeals process. Obviously this could be limited by requiring a certain percentage of appeal waivers to be signed prior to the project being undertaken. Potential Rezoning - This area was o.iginally zoned 1 acre and prior to 1975 and when the new standards came in was placed at a 2-acre zoning. The issue is whether the City would consider rezoning the properties in the area to 1 acre (or less) if sewer did come in. The advantage to the property owner is in part to reduce the number of variances that they would need to obtain permits to improve their property, together with allowing some property owners the ability to subdivide their property and to help finance the sewer project. It should be remembered, however, that additional units would have to pay an amount substantially similar in the currently projected figures so there may not be that much gained in subdivision. The related issue is the fact that the City has not done any rezoning in the Crystal Bay area or any other 2 acre zone areas sewered since the 1975 rezoning. In the Crystal Bay area those served by sewers would remain substandard lots even under the 1-acre zoning and therefore there would be few if any lots that would be able to be subdivided. In the Stubbs Bay area there are approximately 9 2-plus acre properties that could subdivide into an additional 9 lots. This -- - - 2 --.