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Total Estimated Assessable Cost $234,894.39 <br /> Total Estimated City Cost $183,478.17 <br /> Total Estimated Project Cost $418,372.56 <br /> <br />Per City Code, property owners on local streets pay for the full width of the street, and the City pays for <br />intersection costs and non-assessable storm drainage costs. The non-assessable City share for this <br />project will be funded from the Road Fund and Stormwater SDC Fund. <br /> <br />Assessments are anticipated to be levied following the completion of construction. Following the levy <br />of assessments, a 1 O-year payment plan through the City is available to all property owners within the <br />improvement district as identified by Eugene Code, Chapter 7. <br /> <br />All necessary steps have been completed as prescribed by the Eugene Code for the initiation and <br />formation of an LID. Delay in the formation of the LID will delay completion of the improvement <br />project. <br /> <br />RELATED CITY POLICIES <br />There are no new policy issues associated with this item. <br /> <br />COUNCIL OPTIONS <br />Per Section 7.166(3) of the Eugene Code, the City Council can take the following actions: <br /> 1. Adopt the resolution forming the LID; <br />2. Substantially modify the improvements, rebidding if necessary, and then conduct a hearing on the <br /> modified improvements; <br />3. Delay the approval not more than 15 days, or <br />4. Abandon the improvements. <br /> <br />CITY MANAGER'S RECOMMENDATION <br />The City Manager recommends approval of the Minutes, Findings, and Recommendations of the <br />Hearings Official and adoption of the resolution forming the LID as described. <br /> <br />SUGGESTED MOTION <br />Move to approve the Hearings Official's Minutes, Findings and Recommendations of July 11, 2005. <br /> <br />Move to adopt Resolution 4847 forming a Local Improvement District for paving, constructing curbs, <br />gutters, sidewalks, and storm system on Debrick Road from Clinton Drive to Valley Butte Drive, and <br />Butte Lane from Clinton Drive to 700 feet south. (Job #4111) <br /> <br />ATTACHMENTS <br />A. Resolution <br />B. Hearings Official Minutes, Findings and Recommendations <br />C. Vicinity Map <br /> <br /> L:\CMO\2005 Council Agendas\M050718\S0507182C.doc <br /> <br /> <br />