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<br />~ <br /> <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />June 4, 2009 <br /> <br />TO: <br /> <br />Mayor and City Council <br />Ron Moorse, City Administrator <br /> <br />FROM: <br /> <br />Kristine Giga, Civil Engineer <br /> <br />SUBJECT: <br /> <br />2009 PMP Improvements- Adoption of Assessment Roll <br /> <br />BACKGROUND <br /> <br />On May 11, 2009, the City Council set June 8, 2009, as the date to hold public hearings for the <br />purpose of establishing special assessments for the 2009 PMP Improvements. <br /> <br />FINANCIAL IMPLICATIONS <br /> <br />The project is proposed to be assessed consistent with the City's assessment policy, which states <br />that 50% of the costs for roadway improvements will be assessed in residential areas, with the <br />remaining portion financed by various City funds. Financing for the project is consistent with <br />past City policy and practice, and is summarized in the table below. <br /> <br />Improvements Funding Source Cost <br />Roadway PIR Fund $1,188,304.44 <br />Storm Sewer Surface Water Enterprise Fund $297,845.24 <br />Sanitary Sewer Sanitary Sewer Enterprise Fund $65,943.08 <br />Watermain Watermain Enterprise Fund $31,048.25 <br />TOT AL PROJECT COST $1,583,141.01 <br /> <br />Total amount to be assessed (50% of roadway costs) $594,152.22 <br />Total amount to be paid by $988,988.79 <br />the City <br />Per unit assessment $6,601.69 <br /> <br />\\Metro-inet.us\ardenhills\Admin\CounciI\Agendas & Packet Information\2009\06-08-09 ReguIar\Packet In formation\7 A 2009PMP\7 Al 6-08- <br />09Memo2009PMP _ AssessmentHearing-adopt.doc <br />