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value. <br />Upon completing a thorough review of the Assessment history for all of the properties located along <br />Phase II, we have found that the residentially zoned properties located between Pascal Street and <br />Howard Johnson Park were all assessed for previous street reconstruction projects on at least one <br />side of their property. None of these properties currently access County Road C. Also, many of <br />these property owners had portions of their property purchased for road easement. After weighing <br />these facts against the two maj or points above, staff would suggest that an assessment levied against <br />the residentially zoned properties located along this corridor would not be sustainable. As a result <br />staff calculated the assessment rate using only the frontage of commerciaUindustrialproperties along <br />this corridor. <br />Assuming this project is completed by fall 2006, the final assessment amount would be determined <br />following an assessment hearing in the fall of 2p07. <br />STREET ASSESSMENT SUMMARY <br />Estimated total street construction project cost <br />City of Roseville share of cost <br />Total assessable footage <br />Engineer's recommended for street assessment: <br />PROPOSED FUNDING: <br />g source <br />State Aid <br />Federal Funds <br />100% ofproject costlfoot <br />25% of project cost/ foot <br />County Engineering and Design <br />Roseville Utility Funds <br />Roseville Municipal State Aid Funds <br />Roseville Assessments <br />Total Reconstruction Prolect Cost <br />$4,316,114.35 <br />$115,992.13 <br />2039.12 <br />:�m�un� <br />.... �1,K16,�'a'r.�� <br />$1,696,000 <br />$675,025.00 <br />$12,500 <br />$86,994.10 <br />$28,998.03 <br />16,11435 <br />$56.88 <br />$14.22 <br />Streetscape Proj ect: As conceived, the County Road C Streetscape proj ect was intended to help <br />revitalize a decaying community corridor and will function as much like aredevelopmentproj ect as a <br />roadway improvement. It is expected to provide communitywide benefitin addition to the benefit to <br />immediately adj acent properties. <br />As discussed in the County Road C Streetscape Framework manual, and outlined by the City's <br />assessment policy, these costs benefit the community as a whole and would ai�7l be assessed to <br />abutting property owners. Keeping this in mind funding sources are limited to Federal Enhancement <br />funding and City Funds. <br />We have followed the same level of design in this report as in the previous one from Phase L What <br />