CC 08-23-1976 - Laserfiche WebLink

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. MR. CHIRSTOFFERSEN: The project consists of the construc- tion of sanitary sewer, watermain ODd street facilities. Indian Oaks 2 Addition is north of Indian Oaks Addition on this location on the map. Construction consists of watexmain along James Avenue and along Indian Oaks couxt, sanitary sewer on Indian oaks Couxt, and street construction for James Avenue and Indian Oaks Court. The total cost of the project to be assessed was 100%. We Qriginally estimated this assessment to be $56,502.81. The original assessment was based on estimated construction costs.. Since then we have rece!ved the final payment so we could reduce the assessments. originally, Mr. Feyereisen requested that they be assessed on a benefitteQ basis - take the total number and divide by the total number of lots. However, there were four lots that he wanteQ assessed differently. He said to place a maximum of $4,100 on the l~s shown with the orange dots and the lots shown with the green dots he requested be assessed $4,900.70. The reason for this was to get a balance. In other words, we took the lots he wanted to assess the $4,100 and subtracteQ from the total and divided the remaining lots which (inaudible) was left over. We are not placing an assessment on Lot NO.5. That's where the pond is. The adjustment of $333.00 distributed against three different lots as directed by Mr. Feyereisen would be $111 less on Lot 7, Block 1 and Lots 2 and 3 of Block 2 so their assessment would be less than $4,100.00. The three lots of $4,900.JO were not sold at the time the assessment was placed and the people puxchased those lots knowing that the asssssment would be that amount on t.lotose lots. 'l'hat concludes my portion. I will be happy to answer allY questions. MAYOR CREPEAU: Any questions? COUNCILMAN CRICmONI You said the lots at $4,900 were not sold at the time you set that figure? MR. CHRISTOFFERSEN: That's correct. At the time we were working on it those lots were not sold and since they have been sold - myunderetanding is they were sold knOWing that was what the assessment would be. COUNCILNAIl' CRICB'l'ON: How many lots were there? MR. CHRISTOFFERSEN: Fourteen lots. MAYOR CREPEAU: Any other questions? If not, Mr. peter popovich, would you please explain the fiscal matters. MR. POPOVICH: Mayor and members of the council. I met. with the engineer and Mr. Feyereisen when the assessment details were being worked out and as was indicated to you, the original cost was $56.502.81 and the $333 which bas now been firmed up can be deducted. There's a total of 13 lots - nine at $4,100 .