CCP 11-30-1998 - Laserfiche WebLink

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. WRLR Assessments, Attachment B . Page Two West Round Lake Road is currently designated as a Municipal State-Aid street. Thus, it would appear that the commercial/industrial rate to be used should reflect a 100% (p. 36) versus a 70% (p. 32) factor based upon the City standard for a commercial/industrial street. This standard is most closely reflected by Feasibility Study Alternative "A" - a 36' wide undivided roadway as modified by the addition of a 6' concrete sidewalk. Estimated roadway costs for this alternative were $823,375. In addition, storm drainage and sidewalk costs were estimated at $180,160 and $51,975, respectively. Total assessable costs then total $1,055,510. The amount of estimated assessments was then calculated as follows: 1. Total assessable costs were divided by fifty percent (50%) to reflect the non-assessable west side ofthe road ($1,055,510/2 = $527,755). 2. The total length of the improvement is approximately 2,600 feet. On a front footage basis, this equates to $202.98 ($527,755/2,600). 3. However, the southerly portion of the improvement from Gateway Court to Gateway Boulevard, or about 700', is not assessable because of a pre-existing Development . Agreement which includes the Welsh Phase II building. 4. Total assessments were then calculated at $385,662 ($202.98 * (2,600 - 700)). Assuming the five assessable property owners had comparable front footage, the estimated per property assessments would be approximately $77,132. These assessments may be increased by adding thirty-six and one-half (36.5%) of the costs of street lighting or landscaping appurtenances which may be included as part of the improvement scope (1,900'/2,600' = 73.1 % * appurtenance cost/2 = 36.5%). .