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<br />27 It is City policy to keep City-owned infrastructure in good operating condition. <br />28 <br />29 Equity Impact Summary <br />30 The proposed Special Assessments to be levied is proposed to be payable over 10 years; <br />31 residents may apply for hardship deferral of payments per the City’s resolution on <br />32 assessment deferrals. <br />33 <br />34 Budget Implications <br />35 Assessments are per the adopted Special Assessment Policy. They were preliminarily <br />36 estimated at $166,007.77 prior to bidding the project, and now only total $138,441.04 <br />37 based on final roadway construction costs. This change does not negatively impact overall <br />38 project funding as street and Municipal State Aid funds budgeted for the project are still <br />39 sufficient. <br />40 <br />41 Staff Recommendations <br />42 Staff recommends that City Council approve resolution declaring costs to be assessed and <br />43 call for an assessment hearing on the County Road B Reconstruction Project on June 2, <br />44 2025. <br />45 <br />46 Requested Council Action <br />47 Approve resolution declaring costs to be assessed and call for an assessment hearing on <br />48 the County Road B Reconstruction Project on June 2, 2025. <br />49 <br />50 <br />Jennifer Lowry, Assistant Public Works Director / City Engineer <br />Prepared by: <br />1. Resolution <br />Attachments: <br />2. Draft Final Assessment Roll <br />3. Draft Public Hearing Notice <br />4. Draft Letter to Property Owners <br />51 <br />Page 2 of 2 <br />Qbhf!:5!pg!248 <br /> <br />