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10-09-07 FPAC Agenda
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10-09-07 FPAC Agenda
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6/25/2024 2:58:14 PM
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11/9/2007 2:20:01 PM
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10-09-07 Agenda
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Agenda
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10/9/2007
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• Maintenance/Rehabilitation Projects <br /> Concrete Pavement Restoration — Concrete pavement restoration is a maintenance procedure <br /> funded by the City. <br /> Crack Sealing—Crack sealing is a maintenance procedure funded by the city. <br /> Bituminous Seal Coating — Bituminous seal coating is a maintenance procedure funded by <br /> the City. <br /> Bituminous Surface Patching — Bituminous surfacing patching is a maintenance procedure <br /> funded by the City. <br /> Definitions & General Provisions <br /> A. Assessment Rate <br /> The assessment rate for any special assessment district is computed by dividing the total <br /> assessable costs of such improvement by the total number of assessment units. <br /> Residential Example: <br /> 41111 Roadway Project Cost $601,000 <br /> Drainage Improvements $205,000 <br /> Sanitary Improvements $245,000 <br /> Water Main Improvements $38,000 <br /> Total Project Cost: $1,089,000 <br /> Assessed to Property Owners: <br /> Roadway Project Cost $601,000 <br /> 50% assessed $300,500 <br /> Number of units in the neighborhood 60 <br /> Per Unit Assessment: $300,500 divided by 60 equals $5,008 <br /> B. Assessable Costs <br /> The assessable cost of an improvement shall be defined as those costs that, in the opinion of <br /> the City Council, are attributable to the need for service in the area served by the <br /> improvement. <br /> • <br /> 2004 Assessment Policy—Page 6 <br />
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