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

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would reduce the overall cost by 101. D. Level of Support - The assumption on the Stubbs Bay projer . been that the Council would require a certain level of support as expressed in waiver of assessment 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 -a recommended that a certain percentage of the property 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 fi.�ally 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 year. 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 interested in undertaking the project. The City could request that the assessment waivers be signed prior to the ordering of the project. Once the petition is submitted, the Council could have a specia' meeting to address the questions raised and take any additi l questions from the neighbors. ALTERNATIVES Issue 1 - 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. 3