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Assessments • <br /> The following tables summarize the estimated assessment rates for the proposed <br /> project. <br /> Assessment rates for both areas A and B are comparable to those for similar street <br /> improvements done in 2009. <br /> Area A — Center Street Area <br /> TABLE 2 - AREA A ASSESSMENTS <br /> Item Recommended Estimated Annual <br /> Improvement Assessment* Payment on <br /> Taxes** <br /> Street Full $4,141 $372.45 <br /> Reconstruction <br /> *For average sized lot <br /> * *Based on 15 year payback period <br /> Area B — Houle, Fox, Peterson, Hayfield <br /> TABLE 3 - AREA B ASSESSMENTS <br /> Item Recommended Estimated Annual <br /> Improvement Assessment Payment on <br /> Taxes ** <br /> Street Full Bituminous $2,004* $247.08 <br /> Remove /Replac <br /> 11111 <br /> *For average sized lot <br /> * *Based on 10 year payback period <br /> Water main installation is not proposed to be assessed. <br /> Water Improvements <br /> TABLE 4 - WATER MAIN ASSESSMENTS <br /> Item Recommended Proposed Annual <br /> Improvement Assessment Payment on <br /> Taxes <br /> Water Water Main No No <br /> Main w /Service to Assessment Assessment <br /> Curb Stop <br /> If a resident chooses to hook to City water, they would be required to pay the standard <br /> hook -up fee for properties that have not been assessed for water main. A summary of <br /> these costs can be seen in the appendix. <br /> • <br /> City of Centerville Project No: 19 <br /> 2013 Street S t and Utility Improvement Project ✓ Page 5 <br /> 36 <br />