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<br />plantings, and street lights, in additiOn to sewer, water, storm sewer, and ponding <br />improvements. All of these impl'Ovements would be within City right-of-way or City <br />easements. <br /> <br />The costs of this project would be assessed to the individual lots when construction is <br />complete. The developer, since he controlled alJ the property and was accepting all <br />assessments (in writing) could waive the Chapter 429 hearings. <br /> <br />The City will require an administration fee' for this work, which in turn will be set aside <br />in a city-wide housing and neighborhood rehabilitation fund. Our staff has esti mated that <br />the cost would be the greater of either 2% of the building permit value for singl~ family <br />or townhouse units; or $3,000 per single family unit and $1,500 per townhouse unit. <br /> <br />b) The Developer could petition the City to simply finance the design and construction of <br />all public improvements, including street paving, curbs and gutters, sidewalks, boulevards, <br />street tree plantings, and street lights, in addition to sewer, water, storm sewer, and <br />ponding improvements. <br /> <br />AJI of these impl'Ovements would be built by the developer's contJ';\ctor~ to City <br />specifications, within City light-or-way 01' City easements. The City would have review <br />autholity ovel' the plans and specifications as well as on-site eonstmetion nwiew autholity. <br /> <br />The costs of this project would be billed to the city. In turn the City' costs would be <br />assessed to the individual lots when construction is complete. The developer, since he <br />controlled all the property and was accepting all assessments (in writing) could waive the <br />Chapter 429 hearings. A slight variation of this alternative "b" might be to include all of <br />the developer's costs for grading the entire site into the financing package. <br /> <br />The City will require an administration fee for this work, which in turn will be set aside <br />in a city-wide housing and neighborhood rehabilitation fund, Our staff has estimated that <br />the cost would be $3,000 per single family unit and $1,500 per townhouse unit. <br /> <br />c) The City could play its more traditional role and simply review all plans and <br />specifications for public improvements, prior to contractor construction and private <br />financing. <br /> <br />All three alternatives have some attractions to potential developers that we have talked to. In <br />particular, those developers who are proposing a partnership or syndication with smaller, custom <br />or townhouse builders, find this method of financing public improvements reduces their front <br /> <br />^_AI................+ .~_ ..........~....... <br /><>1I\.tf ;:>Lal L UjJ I"U:)l:). <br />