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<br />Project Assessments <br /> <br />The computation of the lateral component of the assessments is as follows: <br /> <br />21st Avenue - Street Assessment: <br />$193,820 x 1.1 x 1.3 = ($277,162.60-$138,581.30)/828.85 = 167.20/FF <br /> <br />Northern Light Boulevard - Street Assessment: <br />$73,480 x 1.1 x 1.3 = $105,076.40/562.55 = <br /> <br />186.79/FF <br /> <br />Storm Sewer Assessment: <br />($68,350 + $55,000) x 1.1 x 1.3 = <br />($176,390.50 - $49,693)/1391.4 = <br /> <br />91.06/FF <br /> <br />A summary of the Preliminary Assessment Roll is as follows: <br /> <br />Street <br /> <br />$382,243.73 <br /> <br />Storm Sewer <br /> <br />$176,393.88 <br />$558,637.61 <br /> <br />Total <br /> <br />Controversial Aspects <br /> <br />Due to the relatively small number of lots that will benefit from this project the <br />assessments per lot are very large. <br /> <br />Conclusion <br /> <br />The installation of the improvements considered in this report are feasible from <br />an engineering standpoint. The economic feasibility is to be determined by the <br />City Council and the residents proposed to be assessed. <br /> <br />Recommendations <br /> <br />We recommend the City proceed with the improvements as proposed. <br /> <br />6 <br /> <br />12292-01 <br />