Ordinance No. 20335 - Laserfiche WebLink

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Hearing Memo - Santa Clara Avenue January 5, 2005 Page 2 The non-assessable City share for this project will be funded from the Transportation SDC Fund, Stormwater SDC Fund, and Transportation Utility Fund (for a small section of pavement repair). Assessment financing, a 10-year payment plan through the City, is available to all property owners within the improvement district as identified by City Code, Chapter 7. None of the property owners qualify for the low-to moderate income subsidy program. Below are the final unit assessable costs: Sidewalk (per square foot) Curbs and Gutters (per front foot) $ 7.56 $ 54.08 Direct Charges assessed Total Assessable Cost Total City Cost Total Project Cost $ 36,013.45 $115,188.80 $ 5,525.27 $120,714.07 The City will pick up the cost for non-assessable curb and gutter, sidewalks, and storm drainage system as identified by City Code, Chapter 7. Costs listed below are the estimated assessment costs calculated at the time' of the formation of the LID. A contingency was included in the es~mate. Sidewalks (per square foot) Curbs and Gutters (per front foot) $ 8.31 $ 58.61 Total Assessable COst Total City Cost Direct Charges Total Project Cost $129,166.10 $ 16,010.66 $ 42,706.00 $145,176.76 RECOMMENDATION The final total assessable costs are lower than quoted at the time of the formation of the LID. Costs are distributed in accordance with Eugene Code. Staff recommends approval of the assessments as calculated and that the Council levy the final assessments.