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03-21-22-SR
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03-21-22-SR
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3/17/2022 3:50:33 PM
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Assessment Rates <br />50% of the Street Improvement costs Assessable <br />Total Street Cost = $466,746.84 <br />Feasibility Report Assessment Rate $5,834.34 /Unit <br />Interest Rate on Assessments = 4% to 6% (Decided at Assessment Hearing) <br />Paid over 10 years <br />Assessment Calculation <br />Total Project Cost $ 660,879.68 <br />Assessable Amount (Total Street Cost)$ 466,746.84 <br />Assessment (50% of Assessable Amount)$ 233,373.42 <br />Single Family Dwelling Units 40 Units <br />Unit Assessment (Assessable amount/ 40 Units)$ 5,834.34 <br />8
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