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CC_Minutes_1977_0509
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CC_Minutes_1977_0509
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Roseville City Council
Document Type
Council Minutes
Meeting Date
5/9/1977
Meeting Type
Regular
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<br />MR. POPOVICH: This project is at an e~tirn2ted cost pub- <br />lished in the legal notice ~f $485.411. AR you know. it1s <br />divided into a number of items. The street, concrete curb and <br />gutter portion will cost $180,000 which wo,-lo be 100% assessed <br />and would amount to $28.36 a front foot for the 8ssessment. <br /> <br />The sanit8ry sewer portion would cost $40.000J and would <br />amount to $10.35 a front foot for the assessment. In cddition <br />to that, there would be the sanitary sewer service"3 in addition <br />to the frontage of $355 per ~ervice. <br /> <br />The wCltermain cost i,,; ~76,OOO and the estil'flClted front <br />footage cost i~ ~11.63. The watermain services from the line <br />to the lot line would be an additional S223. <br /> <br />The storm sewer costs would be at the new formula that the <br />Council has adopted for those lots that are benefited, which <br />would be $295 for those lots. <br /> <br />The total cost of the project then would leave an amount <br />to be raised by general taxes of $5;,718 of the total $485,412 <br />and the re~t would be picked up by assessments. If one - and <br />this is particularly true of the newly platted lots - if you <br />add the street assessment of $28.36. sanitary sewer of $10.35, <br />the water of $11.63, you would have ~ total of $50.34 you would <br />multiply times the frontage. If it's an 85 foot lot that would <br />total $4,278.90. In addition to that. you'd have to add the <br />storm sewer of $295 and the services, which is another $874, <br />so on an 85 foot lot the total cost would be $5,150 approximately. <br />That1s not an insignificant amount, and obviously it's got to be <br />paid over a period of time. We would recommend a 20 year period <br />of time with an unpaid interest carrying charge of those who <br />do not prepay of 8%. The first year's costs would be the most <br />difficult because you'd hClve one-twentieth of $5,000, or $250, <br />and ~/o of $5,000 is another $400 so that would be $650 that <br />first year. In the twentieth year it would be $250 plus $20 <br />interer,t - so $270, so it's a constant decline. 11m talking <br />primarily about the newly platted lots. <br /> <br />If there are any that have received an assessment before <br />for trunk sewer or water. there's a proposed amount that would <br />be credited to these figures that I have given. It1s $2.75 a <br />foot for sewer, and $1.50 a front foot for water. For those <br />people that have already paid some asses~mentsQ the ~taff has <br />calculated the cost on the map and they would be able to see <br />on the older lots where there have been assessments for any <br />previous improvement - a credit that would be given to them. <br /> <br />-6- <br />
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