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2002_0506_packet
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2002_0506_packet
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SUGGESTED OPTIONS <br />Streetscape defined: <br />Right-of-way improvements outside of normal replacement or restoration of landscape or <br />pedestrian elements adjacent to roadways meant to visually enhance and functionally improve the <br />pedestrian and vehicular transportation network. <br />Option 1 • <br />Include these types of improvements for assessment purposes as part of roadway improvement <br />costs and assess per existing�r future�roadway assessment policy. <br />Option 2• <br />Assess streetscape projects at 25% of the actual cost, not to exceed the totallocal share if outside <br />funding sources are secured. Assessable cost to be distributed on a front-foot basis using e�sting <br />special assessment formulas. <br />Option 3• <br />Assess streetscape projects at 15% of the actual cost, not to exceed the totallocal share if outside <br />funding sources are secured. Assessable cost to be distributed on a front-foot basis using e�sting <br />special assessment formulas. <br />MSA ROADWAY ASSESSMENT DISCUSSION <br />Previous council discussion asked staff to study impacts of changes to current special assessment policy <br />on MSA roadways. After review of Attachments 1 and 2 and pursuant to April 8, 2002, Council <br />comments, we offer the following options as a basis for discussion. <br />Option 1: <br />Continue with current assessment policy language. R-1 and R-2 properties pay no assessment for <br />roadway improvements. Tax exempt properties pay on an assessable front-footage basis 100% of <br />the cost of a 7-ton roadway based upon the costs for that segment of the entire proj ect. All other <br />properties are assessed on an assessable footage basis at 100% of the cost for the specific type of <br />roadway they abut. <br />Option 2• <br />No assessment of costs for roadway construction on MSA designated streets for all property <br />types. <br />Option 3• <br />Based on the comments we were hearing from council members regarding special assessments <br />for R-1 and R-2 properties, we would propose the following changes to the current policy: <br />. R-1 and R-2 properties would be assessed on an assessable footage basis at 25% of the <br />cost of a 7-ton roadway based upon the costs for that segment of the entire project. <br />
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