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<br />Based on the low bids, the estimated unit amounts on which to base the preliminary sanitary <br />sewer assessment amounts are: <br /> <br />Assessable Cost Prairie Road: <br />Assessable Cost Irving Road: <br />Total Assessable Cost: <br /> <br />$ 698,868.58 <br />$ 211,137.72 <br />$ 910,006.30 <br /> <br />Assessable Area Prairie Road: <br />Assessable Area Irving Road: <br />Total Assessable Area: <br /> <br />$ 1,202,489.00/Square Feet <br />$ 658,242.00/Square Feet <br />$ 1,860, 731.00/Square Feet <br /> <br />Lateral Cost: <br />Service Cost: <br /> <br />$ <br />$ <br /> <br />0.49/per square foot of assessable area <br />3,558.00/each <br /> <br />In addition to the ab,ove cost the property owner have to pay a Wastewater Systems Development <br />Charge (SDC). <br /> <br />Wastewater SDC - City (Local) <br /> <br />The City (local) Wastewater Systems Development Charge in the River Road/Santa <br />Clara/Highway 99 Area has been established as a specific rate of 2 12 cents per square foot of the <br />total lot size. This rate is based on the developable acres in the area and on the trunk sewer, pump <br />stations, and force main costs necessary to service this area and River Road/Santa Clara. The <br />charge is a reimbursement for the City's portion of the wastewater system for this specific area <br />only. The City Wastewater SDC for new or existing development. <br /> <br />Wastewater SDC - Metropolitan Wastewater Commission (regional) (see Exhibit "I"). <br /> <br />On May 12, 1997, a letter and Fact Sheet was sent to property owners who may have interest in <br />the project. The letter addressed requirements for connection to the sanitary sewer and <br />annexation requirements. The Fact Sheet gave preliminary estimates for lateral and service line <br />cost and included formulas for calculating Systems Development Charges (see attached Exhibit <br />"J"). The MWMC wastewater SDC is currently in a 30-day public review period and is expected <br />to be implemented by July 7, 1997. The City Manager will sign an administrative rule adopting <br />the methodology and associated rates. <br /> <br />Assessment Financing <br /> <br />All properties assessed within the district will be eligible for ten-year financing through the City. <br />Residential properties may be eligible for low-income deferral programs for those property <br />owners who qualify. Qualification will be determined at the time of final assessment. <br /> <br />Page 5 <br />