03-28-1988 - Agenda Packet City Council - regular meeting

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Single family residential use property - $9.00 per front foot Generally the residential zoned properties are under 150 front feet with the majority being under 100. Exceptions to this include; a.) Balboa property which has 550 front feet, and is current- • undeveloped, b.) properties that are commercially used but hav, a residential structure on them, and c.) properties that have mope than one single family house on them. (Please see Attachment D') If the City were to fund one-half of the sidewalk costs for the single family used residential properties, it would lower their front foot rate from about $2.00 per foot to $7.00 per front foot. For a residence with 100 front feet the first year annual cost would be $70 principal plus $50 interest for a total of $120 the first year. This would be reduced to $70 plus $5 interest to 10th year. 4. Other Sources - The City has explored the use of other funding mechanisms to assist in paying for the regional cost of the sidewalks, such as charging the water customers in the Navarre area, use of a tax increment district, etc. Given the fact that the total cost of sidewalks for the single residentially used properties is a total of $13,000 it is probably not cost effective to further explore those routes. 5. Street Lights - The staff has not been successful in developing cost estimates with NSP for the project and would anticipate those would be available for January 11, 1988 meeting. D. ISSU_E_ 2. AGREEMENT ADOPTION The City Attorney has reviewed the County 15 agreement and recommends we negotiate certain recommendated changes with the County to bring back to Council for final approval. A_LTERN_AT_IV_ES - Issue 1 - Policy - 1. Accept staff recommendations. 2. Amend amounts or types of funding for the project. Meeting Action ------- ------ 1. Adopt the preliminary plan as outlined in the recommendations. 2. Amend the recommendations and adopt. 3. ':able for further consideration until the January 11, 1988 Council meeting. It is not imperative at this point that the Council determine the preliminary arrangement of funding. The earlier however such a decision is made, the more helpful it is as the City will have to explore whether it needs to bond for the project or not. ISSue 2 Meeting Action 1. Adopt.