CCP 08-28-2006 - Laserfiche WebLink

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. . . ~ ~ DEN HILLS MEMORANDUM DATE: August 24, 2006 AGENDA ITEM 6.A TO: Mayor and City Council Michelle Wolfe, City Administrator Kristine Giga, Civil Engineer ~ FROM: SUBJECT: 2006 PMP Improvements- Ridgewood Nelghborbood- Assessment Hearing BACKGROUND On July 31,2006, the City Council set August 28, 2006 as the date to hold public hearings for the purpose of establishing special assessments for the 2006 PMP Improvements in the Ridgewood Neighborhood. At this assessment hearing, staff will have specific information available regarding the assessments for the project. Information wjll include a description of the project, project financing, and a discussion of typical assessments for properties benefiting from the improvements. Staff will summarize the City assessment policy and how it has been applied to the project. If questions come up regarding specific assessmenlS or if amendments to the assessment rolls are necessary, hearings can be continued before final adoption. Council may want to continue the consideration of the assessment roll to the September 11, 2006 meeting. This continuance would allow staff time to investigate and make recommendations regarding any objections and questions raised at the August 28, 2006 hearing. FINANCIAL IMPLICATIONS The project is proposed to be assessed consistent with the City's assessment policy, which states that 50% ofthe costs for roadway improvements will be assessed, with the remaining portion financed by various City funds. Financing for the project is consistent with past City policy and \\.\1etro-inet,lIs\ardenhills\PR&PW\Engirleering\2006\Council Actions\K-24-06 Memo 2006 PMP Assessment Hearing.doc