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2009 PMP 4/24/2009 Page 2 to the engineer's estimate, as stated in the assessment policy. The following table shows a summary of the project costs and proposed funding source, using the contractor's bid prices. Improvements Funding Source Cost Roadway PIR $ 1,188,304.44 Storm Sewer Surface Water Enterprise Fund $ 297,845.24 Sanitary Sewer Sanitary Sewer Enterprise Fund $ 65,943.08 Watermain Watermain Enterprise Fund $ 31,048.25 TOTAL PROJECT COST $ 1,583,141.01 Total amount to be assessed (50% of roadway costs) $ 594,152.22 Total amount to be paid by $ 988,988.79 the City Staffwould like to review the following items prior to preparing the assessment roll: Five properties in the area were listed as sub-dividable in the feasibility report and counted as two residential equivalent units (REU): 3544 North Snelling Frontage Road 1445 Forest Lane 1433 Forest Lane 1400 Forest Lane 3438 Glenarden Court Upon further review, the property at 1445 Forest Lane is not large enough to be divided into two lots that would meet the current City code. As a result, staff recommends that it be assessed as one unit. Two of the property owners listed above have submitted written requests to re-evaluate the consideration of their properties as 2 REUs, because the existing homes would have to be removed in order to subdivide the property. Three of the four properties currently identified as 2 REUs would not be able to subdivide their parcels without removing their homes. There have been no similar instances on recent projects. The City owned parcel (Freeway Park), which is identified as a tax-exempt equivalent unit (TEU), has been converted to one REU based on the same subdividing criteria used to determine the residential lot units. Past practice has been to not include City Parcels in the Assessment Roll. Staff is requesting direction from the City Council on how to proceed with assessments for the above mentioned parcels.