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A portion of this project is proposed to be assessed to the benefiting property owners and the <br />remainder through other funding sources. In accordance with the City's Assessment policy, the <br />preliminary assessment for the recommended improvement is calculated as: <br />Reclamation Areas: <br />50% Estimated Street Project Costs = $486,800 <br />Residential Equivalent Units = 86 <br />Assessment Rate $5,660 <br />Mill & Overlay Areas <br />50% Estimated Street Project Costs = $248,750 <br />Residential Equivalent Units = 69 <br />Assessment Rate = $3,605 <br />As the project is designed and competitively bid, the calculated assessment amount will be updated <br />leading up to the adoption of the assessment roll. <br />Attachments <br />Attachment A — Preliminary Engineer's Estimate and Assessment Roll <br />Attachment B — Presentation Slides <br />Page 3 of 3 <br />