Resolution No. 4488 - Laserfiche WebLink

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The costs used for the pre-bid estimates were: Lateral Cost: $ 0.39 per square foot of assessable area Service Cost: $ 1300.00 each Local SDC: $ 0.025 per square foot of total lot MWMC Charge: $ 350.00 per equivalent dwelling unit The MWMC fee is based on the amount of water used per month, the number of fixtures per dwelling, or the standard fee (currently $332.00 per single family dwelling). This fee, based on the rate in effect at the time of final assessment, will be included in the overall billing required to be paid. The Council-adopted rate for the local portion of the SDC is $0.025 per square foot of the total lot, and will also be collected with final assessments. For large lots, this fee may be based on the lateral area of the lot, as discussed earlier in this report. Assessment costs are to be characterized as a local improvement assessment under Section 11 b, Article XI of the Oregon Constitution. All properties within the district will be eligible for ten-year financing through the City. The City has obtained low-interest funds through the Department of Environmental Quality State Revolv- ing Fund for sewer projects. This low-interest money will be used to lower the long-term financing interest rates and for a portion of the short-term financing required for the project construction. Low-income deferral programs are also available for those property owners who qualify. Qualification will be determined at the time of final assessment. REMONSTRANCES Property owners were informed of the right to file written remonstrances in the March 5, 1996, legal notice and property owners specifically identified as potentially subject to assessment in the proposed local improvement district were given additional notice of the right of remonstrance in the April 15, 1996 letter. The notices informed property owners that written remonstrances must be submitted by May 10, 1996. Remonstrances from two property owners were received. The property owners remonstrating represent an assessable cost of approximately $16,858.69, which is less than one percent of the estimated total cost of the project. These calculations do not include the separate system development charges, which are not subject to remonstrance. The remonstrances do not represent a large enough portion of the project cost to have an effect on the Council's authority to form the proposed LID. SANTA CLARA SEWER BASINS "S" "X" AND "U" Findings and Recommendations - Jobs 2928, 3010 and 3398 Page 6