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2002_0520_packet
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2002_0520_packet
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Option #3 <br /> Assess streetscape project costs at 10%-50% of total city cost, to be determined by <br /> the Council based upon intensity of the streetscape elements, character of the street <br /> or functional classification. <br /> COMMENTS <br /> Concerns to be considered for these options are the potential for large disparities for total <br /> assessment on Option 1. Another concern is the difficulty of preparation of a feasibility <br /> report with a range for option 3. It may be difficult to make a recommendation if the range is <br /> too wide. <br /> II. MSA Roadways <br /> A. Original Options <br /> Ontion 1: <br /> Continue with current assessment policy language. R- 1 and R-2 properties pay no <br /> assessment for roadway improvements. Tax exempt properties pay on an assessable <br /> front-footage basis 100% of the cost of a 7-ton roadway based upon the costs for that <br /> segment of the entire project. All other properties are assessed on an assessable <br /> footage basis at 100% of the cost for the specific type of roadway they abut. <br /> Ontion : <br /> No assessment of costs for roadway construction on MSA designated streets for all <br /> property types. <br /> Ontion 3: <br /> Based on the comments we were hearing from council members regarding special <br /> assessments for R-1 and R-2 properties, we would propose the following changes to <br /> the current policy: <br /> • R-1 and R-2 properties would be assessed on an assessable footage basis at 25% <br /> of the cost of a 7-ton roadway based upon the costs for that segment of the entire <br /> proj ect. <br /> • Tax exempt properties would be assessed on an assessable front footage basis, <br /> 50% of the cost of a 7-ton roadway based on the costs for that segment of the entire <br /> project. This would bring our policy closer into alignment with past practice on this <br /> property type. <br /> • All other properties would be assessed on an assessable footage basis at 100% of <br /> the cost for the specific type of roadway they abut. <br />
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