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Page 3 of 3 <br /> <br />Preliminary Project Schedule: <br /> <br /> <br />Budget Impact <br /> <br />Proposed project funding sources are a combination of the City’s Permanent Improvement Revolving <br />(PIR) fund, utility funds, and special assessments for street improvements summarized in the <br />following table: <br /> <br /> <br />The total estimated cost of the recommended improvements is $583,000. A portion of this project is <br />proposed to be assessed to the benefiting property owners and the remainder through other funding <br />sources. In accordance with the City’s Assessment policy, the preliminary assessment for the <br />recommended improvement is calculated at $6,560 per unit. As the project is competitively bid by <br />contractors, the calculated assessment amount will be updated leading up to the adoption of the <br />assessment roll. The project funding is further described on pages 10 through 12 of the feasibility <br />report. <br /> <br /> <br />Attachments <br /> <br />Attachment A: Presentation Slides for Public Hearing <br />Attachment B: Feasibility Report <br />