Item 4 - PH on River Ave.LID - Laserfiche WebLink

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LID. The council voted against pursuing an island annexation. Lane County has subsequently (February 2005) authorized the City to include unincorporated properties in the LID and be assessed per Eugene Code. The total project cost is estimated at $2,269,502.16, and is funded from several sources in the following approximate amounts: Assessments $1,067,627.86 (47%) City of Eugene $1,201,874.31 (53%) Assessments are anticipated to be levied following the completion of construction. Following the levy of assessments, ten-year financing through the City of Eugene will be available for owners of properties being assessed for this local improvement. The City of Eugene funding includes transportation and stormwater system development charge funds, and stormwater utility funds. River Avenue is major collector located on the north side of Eugene, running parallel to and then connecting to Beltline Road. River Avenue also connects to River Road, Division Avenue, and Beaver Street, and is one of only three ways to cross Beltline Road between the Northwest Expressway and the River. As a result of increased use, the existing roadbed is deteriorating and needs to be upgraded. In addition, development in this general area and two connection points to the Ruth Bascom Riverbank Trail System is creating a need to accommodate a variety of transportation users, including bicyclist, bus riders, pedestrians, and motorists for current and future needs. The land use is primarily commercial, government (MWMC Water Pollution Control Facility) and multifamily residential. Bids were opened on July 7, 2004, with Babb Construction Co. (dba Delta Construction Co. and dba Delta Concrete) as the apparent low bidder. The contractor has agreed to extend time for consideration of the bid, keeping the 2004 contract prices, until May 2005. The initial LID formation hearing was held on July 28, 2004, to review the bid information, confirm whether the LID should be formed and to identify any special conditions that should be included in the resolution forming the LID. Eight property owners attended the hearing. At the request of the property owners, the hearing was left open until August 3 and on that date the City received remonstrances from owners of property that would bear 51.4% of the proposed assessments. Eugene Code states when the owners of property that would bear more than half the amount estimated to be assessed to finance the improvement remonstrate the public hearing is continued before the City Council. The property owners were notified of the pending LID hearing ten days prior to the hearing as required by Eugene Code. If the LID is approved by City Council, the improvement project is expected to commence this construction season and property owners will not be assessed until after the completion of the project, anticipated to be fall 2005. All necessary steps have been completed as prescribed by the Eugene Code for the initiation and formation of an LID. The council is scheduled to consider the resolution April 20, 2005. L:\CMO\2005 Council Agendas\M050411\S0504114.doc