res_6929 - Laserfiche WebLink

Home

2 The design is intended to generally match the driveways that are there. Obviously, any time you build a road you will find it's a little above this or under that. In this area particularly, the homes seem to be sitting considerably higher than the existing roadway, and with some fairly steep driveways. We tried to take that into account and raise the roadway up a bit so the driveways can be somewhat flatter than they already are. As we say, this is a residential style design. It's 32 feet wide from the face of the curb to the face of the opposite curb with a concrete curb and gutter, and leaves, in this case, a 9-foot - well, actually eight-and-a-half feet, of boulevard. This is only a 50-foot right-of-way. Most are 60 feet wide. We feel that there will be very little impact on any of the trees, although there are a couple that could be in jeopardy. If that happens, we will attempt to relocate them back on to the abutting property owner's land, if possible. The design is to have two inches of asphalt wearing, and six inches of gravel base. We feel with today's oil prices, this is the most economical and efficient way to design this type of residential street. There may be some other questions the audience will have, and I will be happy to respond to them. MR. POPOVICH: I'd like to make two comments tonight - one concerning the petition on this improvement - but some general comments regarding the bond market, and it will apply to this improvement and the others, so perhaps I should talk about the general position first. Historically we have had improvements, and we have assessed the improvements according to the old assessment policies, and they have normally been over a 20-year period of time with an 8% carrying charge if the people didn't prepay. Later we had a deferred assessment for our senior citizens. We have not had any problem with that although the interest rates have tended to come a little higher, and we have been able to float all of our improvements. Ten and l5 years ago our interest was at 4%, and inflation (inaudible) slowly the market has gone higher and the city in the last years has financed its improvements internally, but it's running out of its own funds, and at some point in time these three improvements, as well as any that may have been handled last year that would need to be financed by a bond issue - because we had no bond issue last year - would have to be placed on the market. Late last fall I met with the city administrative staff and the city administrator, and talked about what would happen