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Option C: Centerline length times two to determine assessment rate. ($26.66/ foot) We recommend tY�at the City proceed with Qption C to set the assessment rate far this reconstruction project. While the rate is still higher, this is consistent with what we have laeen experie�.czng witk� construction projects. With t�e increases in t�e price of oil, we have seen all of our project co�ts increase in the last 5 years. STREET ASSESSMENT Si7MMARY Estimated total street construction project cosfi (9-ton road) Estimated 7�ton roac� construetion project cost Option C total assessable footage Recomrr�endation for street assessment: 100% of project costlfoot 25% of project cost/ foot $1,745,S87.i9 $1,617,382.43 15,164 feet $106.66 $26.6b � Z _._ �. _ _ e�. �-. . �... Staff reeommendationc� Staff recomrnends that the Ciry Council order these proposed public �.. __ _.... �..___ _ _ �. improvements c nsistent with the following general guidelines. • We recommend the realignment of �. Owasso Blvd between GaItier anct Matilda Street consistent to accommodate traffic calrr�ing and the Ladyslipper Park Master Plan. • Consistent with the assessments fro� the 2003 PMP, we recommend assessing all properties that use S. �wasso Boulevard as their primary access, even tl�ough these properties do not directiy abut the public street right- of- way. This includes the �ollowing properry addresses: 313, 317, 329, 333, 337, 341, 345, 450, 472, and 562. • Individual lot assessable fro�tages will be calculated consistent with Ci�y Assessment palicy. However, we recommend calc�lating the assessrr�ent rate based on the centerline irontage o� the street, not assessable footage. • To minimize impacis to property owners and costs to the project, we recom�nend that the roads �e canstructed to a 28 foot width, Parking will be accorr��nodated in parking bays where there are no utility or pri�ate property impacts. • Construct a sidewalk along the south and west boulevard of the road. • Install a three way stop at Western Avenue and S. Owasso Blvd. + Install a three way stop sign at Ladyslipper Par� and S. Owasso Blvd. • Install a stop sign at Sandy Hook Drive ar�d S. Owasso Bivd. __.. ._._.. _�.. --•-- �.. . _. ..... l __._,.__ _._.. ; �� ,- _ , _ .._..__... � RECOMMENDED COUNCIL ACTION: Adopiian of a resol�tion ordering the construction o� improvements P-ST-OS-06, with °�`-� recommendations on the street design as outlined above. ; ; w.., � ,; •_ - t ._ . �,, __� --`. � - Prepared by: Debra BIoom