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B. Additional Options <br /> Option #1 <br /> Assess 25% of project costs to all property types based on an assessable footage <br /> basis of the cost of a 7-ton roadway based on the costs for that segment of the entire <br /> proj ect. <br /> Option #Z <br /> Assess project costs at the following percentages and caps based on assessable <br /> footage of the cost of a 7-ton roadway based on the costs for that segment of the <br /> entire proj ect. <br /> • R-1 and R-2 Properties 25% with a cap of $20/assessable foot <br /> • Tax Exempt Properties 50% with a cap of$40/assessable foot <br /> • All other property types 100% with a cap of $80/assessable foot <br /> Option ##3 <br /> Assess 10%-50% as set by Council per project of total project costs to all property <br /> types based on assessable footage basis of the cost of a 7-ton roadway based on the <br /> costs for that segment of the entire project. <br /> A concern raised for these three options is that assessments for non-R-1 and -R-2 <br /> properties would be inconsistent with current assessment policy on non-MSA <br /> roadways. <br /> FINANCIAL IMPLICATIONS <br /> Chris Miller, Finance Director, will be prepared to discuss financial impacts at the Council meeting. <br /> RECOMMENDED COUNCIL ACTION <br /> Direct staff as to desired changes to special assessments policy and to work with the City Attorney and <br /> return to the Council with language changes that reflect the Council's intent. <br /> Prepared by: Duane Schwartz <br />