CCAgenda-3/08/04Mtg - Laserfiche WebLink

Home Browse Search

Hearing Memo - Lone Oak Drive February 17, 2004 Page 2 PROJECT DESCRIPTION The street improvements include constructing the north ten feet of Lone Oak Drive from Division to Lone Oak Way, and full street improvements east of Lone Oak Way for 250 feet. Lone Oak Drive is now 30 feet wide from Division Avenue to Lone Oak Way, and 20-foot wide east of Lone Oak Way. Street lights, and street trees were included as part of the improvements. Sidewalks were constructed along all developed properties. Parking bays were constructed to accommodate needs of adjacent owners. Storm water quality BMP's were constructed including the use of pervious pavement in the parking bays. Storm water detention was also integrated into the design. These measures provided sustainable design elements into the project scope. ASSESSMENT Costs are distributed per City Code 7.175, and as outlined in the Council adopted Hearings Official findings and recommendations, and the resolution forming the LID. The non-assessable City share for this project will be funded primarily from Road Fund and storm water SDCs. Transportation SDC funds will be used to pay for the cost ofnonassessable street improvements at the intersection of Lone Oak and Division Avenue, because Division is a collector street. Road Fund is used to pay the City's share of local street improvements for local street LID's which are ineligible for Transportation SDC funding. Systems development funds are paid by new development to finance the non-assessable share of this type of storm drain system improvement 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: Paving (per front foot) $ 65.96 Sidewalk (per square foot) $ 4.25 Storm Drain (per lot)(lots3800 & 104) $ 7,362.60 Parking Bays (per square foot) $ 4.75 Illumination (per lot) (lots 3800 & 104) $ 6,518.42 Street Trees (per lot) (lots 3800 & 104) $ 1,740.33 Total City Cost $ 106,415.25 Total Project Cost $ 213,597.60 The City will pick up the cost for non-assessable curb and gutter, sidewalks, street lights, 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 estimate. Paving (per front foot) $ 80.89 Sidewalks (per square foot) $ 4.24 City Council Agenda page 188