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Sidewalk (per square foot) $ 7.56 <br /> Curbs and Gutters (per from foot) $ 54.08 <br /> <br /> Direct Charges assessed $ 36,013.45 <br /> Total Assessable Cost $115,188.80 <br /> Total City Cost $ 5,525.27 <br /> Total Project Cost $120,714.07 <br /> <br />The City will pick up the cost for non-assessable curb and gutter, sidewalks, and storm drainage system <br />as identified by City Code, Chapter 7. The non-assessable City share for this project will be funded from <br />the Transportation SDC Fund, Stormwater SDC Fund, and Transportation Utility Fund (for a small <br />section of pavement repair). <br /> <br />Assessment financing, a 10-year payment plan through the City, is available to all property owners <br />within the improvement district as identified by City Code, Chapter 7. None of the property owners <br />qualify for the low-to-moderate income subsidy program. <br /> <br />Other Background Information <br />Notices of the assessment and hearing were sent out ten days prior to the assessment hearing. A hearing <br />was scheduled for January 5, 2005, however, with none of the property owners wanting to attend, the <br />hearing was cancelled. <br /> <br />Timing <br />All the necessary steps have bee completed as prescribed by the Eugene Code for levying assessments. <br /> <br />An immediate effective date is requested with this ordinance since the assessment calculations are based <br />on the Council action of January 24, 2005. An immediate effective date requires a 2/3 majority or 6 <br />affirmative votes from the Council to enact. Ordinances without an immediate effective date do not take <br />effect for 30 days. Without an immediate effective date, an additional 30-days of interest will accrue. <br /> <br />RELATED CITY POLICIES <br />Not applicable. The assessment costs will be distributed as outlined in the Council adopted Hearing <br />Official's Findings and Recommendations and Resolution forming the LID. <br /> <br />COUNCIL OPTIONS <br />Special assessment provisions adopted as part of an LID resolution cannot be modified during the final <br />assessment process if they result in increased costs to the property owners. The final assessment hearing <br />is to review the calculations to assure conformance with the requirements stated in the LID resolution <br />and the municipal code. <br /> <br />Per Section 7.187, the City Council can take the following actions: <br />1. Adopt of the ordinance levying assessments. <br />2. If, after review of the proposed assessment a determination is made that the assessment should be <br /> modified, staff would be directed to publish a new notice and a public hearing must be conducted. <br /> New findings would then be prepared for City Council adoption. <br /> <br /> L:\CMO\2005 Council Agendas\M050124\S0501246.doc <br /> <br /> <br />