05-14-07 Item 6A, 2007 PMP Assessment Hearing

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~ EN HILLS MEMORANDUM DATE: May 9, 2007 AGENDA ITEM 6.A TO: FROM: Mayor and City Council Michelle Wolfe, City Administrator Kristine Giga, Civil Engineer/~ SUBJECT: 2007 PMP Improvements- Assessment Hearing BACKGROUND On April 9, 2007, the City Council set May 14,2007 as the date to hold public hearings for the purpose of establishing special assessments for the 2007 PMP Improvements. At this assessment hearing, staff will havc specific information available regarding the assessments for the project. Information will include a description of the project, project financing, and a discussion of typical assessments for properties benefiting from the improvemcnts. Staff will summarize the City assessment policy and how it has been applied to the project. If questions come up regarding specific assessments or if amendments to the assessment rolls are necessary, hearings can be continued bcfore final adoption. Council may want to continue the consideration of the assessment roll to the May 29,2007 meeting. This continuance would allow staff timc to investigate and make recommendations regarding any objections and questions raised at the May] 4,2007 hearing. FINANCIAL IMPLICATIONS The project is proposed to be assessed consistent with the City's assessment policy, which states that 50% of the costs for roadway improvements will be assessed in residential areas and 70% of the costs for roadway improvements will be assessed in commercial areas, with the remaining portion financed by various City funds. Financing for the project is consistent with past City policy and practice. Attached for Council review is a summary of construction costs and proposed assessment roll. \\RVN AS I \AHdala$\PR&PW\Enginttling2007\C oune-if _Act ions\)- 14-07Memo2007PMP _AssessmentHearing.doc