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� <br />� <br />s z. <br />REQUEST FOR COt1N C�L ACTION <br />DATE: OSi20/Q2 <br />ITEM NO.: ni. A. <br />D��a�tm�t Approv�l: M���ger Rev}er�+ed: A,ge�rct� S�o�: <br />;t���%f�' Hearings <br />� ,� <br />Item Description: Special Assessments Policy Discussion <br />BACKGROUND <br />At the May G, 2002, Council Work Session, information and options were presented regarding special <br />assessment policy changes for streetscapes and for MSA roadways, After considerable discussion, <br />Council directed staff to return with ad�itional options. We will attach the May 6 information to this <br />memo and offer the following additional options for the two policy areas being considered. <br />I• Streetscape <br />A. Original Options <br />option 1: <br />Include these types of improvements for assessment purposes as part of roadway <br />improvement costs and assess per existing or future roadway assessment policy. <br />Onii�n 2: <br />Assess streetscape projects at 25% of the actual cost, not to exceed the total local <br />share if outside funding sources are secured. Assessable cost to be distributed on a <br />front-foot basis using existing special assessment formulas. <br />Option 3: <br />Assess streetscape projects at 15% of the actual cost, not to exceed the total local <br />share if outside funding sources are secured. Assessable cost to be distributed on a <br />front-fooi basis using existing special assessment formulas. <br />�� Additional Options <br />���1t1II #1 <br />Assess 20% of streetscape unfunded local project costs. Assessable cost to be <br />distributed on a front-foot basis to all properiy types, as per existing formulas. <br />Option #2 <br />Assess 20% of streetscape total project cost with a not-to-exceed of 525/assessable <br />foot. <br />