2002-02-27 CC Packet - Laserfiche WebLink

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1- Council Member Broussard Vickers suggested that the City's portion for the oversizing of $26,000 be deducted from the $50,000 leftover from the Lakeland Hills project. She also suggested using 8 lots for the Unit II property so half'of the project costs would be divided by 18 instead of 15 bringing the costs down to 3,500 or 4,000 for the individual property owners. She further explained the calculation to be the $74,500 minus the $26,730 divided by 18 making the cost per lot approximately $2,600. Council Member Nelson agreed with Council Member Broussard Vickers comments but said she feels that W ater Works has a substantial benefit and should be assessed more than the $20,000. She then suggested shifting more of the costs to Water Works and leaving the developer amount the same. Council Member Capra commented that she would like to see Water Works pay a little more and the developer pay a little less and still maintain a lower amount to residents. Council Member Broussard Vickers commented that she felt the developer has more benefit than Water Works and she feels that the developer needs to pay 50% as that was what the City required in previous developments. Mr. Vargo, representing Mr. Rehbein, indicated that the developer is not the driving force behind the watermain extension as Mr. Rehbein would prefer to put in the 10 wells. He then commented that Mr. DeFoe has the possibility ofleveling Water Works and developing the entire parcel. He also noted that Water Works would receive the substantial benefit of being able to reduce insurance costs because of City water. Council Member Capra commented that she was agreeable to using the leftover Lakeland Hills funds but would like to see the Water Works property and the DeFoe property assessments increased slightly and the developer's costs decreased slightly. Council Member Nelson indicated she would like the developer to pay $81,655, Water Works to pay $33,365, Unit II property to pay for 8 units for a total of $47,780 which leaves individual residents with an assessment of $2,653. Council Member Travis noted he was agreeable to using the Lake1and Hills funds and increasing 7265 Main Street to 8 units and noted that Water Works, as a business, does benefit more than individual property owners. He then commented that he felt the assessment for Water Works should be raised 'only slightly. He further commented that he feels the developer should pay 50% in the interest of consistency within the City. Council Member Nelson indicated she would be fine with either $25,000 or $30,000 for Water Works and said she waivers on being consistent on the developer's costs and the benefit for the developer. She then commented that she would be fine with the 50% to the developer. Council Member Capra commented that, normally when developments are pushed through, there are not businesses in the path that benefit from the development. She then Page 7 of28