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

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would reduce the overall cost by 10%. D. Level of Support - The ass.zmption on the Stubbs Bay project has been that the Council would require a certain level of suppor-" 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 capitalized interest) would require that new waivers be signed. Due to the nature of the area, it is racommended 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 pr-ject 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 t;ie Crvstal 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 woul- 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 ur.lering of the project. Once the petition is submitted, the CJnncil coul,1 have a special meeting to address the questions raised and take any additional qo�tions 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 acl.ion at this time. Issue 2 - 1- Establish a meeting date. 2. Await Establishing a date until after a petition if received. 3. Direct staff to send a letter regarding the level of support needed.