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Civ~ share for this project will be funded primarily from Transportation and Wastewater SDCs. <br />System development charges are paid by new development to finance the non- assessable share <br />of this type of collector street improvement and wastewater trunk system. These non-assessable <br />costs include paving~ to meet growth demands, non-assessable curb and gutter, non- assessable <br />sidewalk.~ intersections~ street lights~ street trees, parking bays, and non-assessable drainage and <br />waste-water systems. <br /> <br />Assessment financing~ a 10-year payment plan through the City, is available to all property <br />owners wi1~hin the ~mprovement district as identified by City Code, Chapter 7. None of the <br />property owners quali~y for the low-to moderate income subsidy program. <br /> <br />Properties that abut Legacy Street, a major collector street, are being assessed for paving 7-foot <br />~ width, properties along Avalon Street, a neighborhood collector, are assessed for 10~width of <br />improvement on a per front foot basis. <br /> <br />All the properties along the west side of Legacy have recorded irrevocable petitions fbr these <br />improvements. None of the properties will take primary access off Legacy but are assessed for <br />the Legacy improvement under EC 7.175(5)e that allows assessment with an ~rrevocabte petition. <br /> <br />Several properties have frontages greater than 100 feet. The Hayden Homes (former Greenhill <br />Village LLC property managed by Wells MarvSn) (TL #170420000t900) is a large ~developed <br />property. Under Eugene Code (EC) 7.175(5)(~) the property would not be assessed now and the <br />fkOntage costs would be collected with an equivalent charge at the time of development. Because <br />this ~s the only property along the south side of Avalon the City would not go ahead ~4th the <br />~mprovement project of Av~on under th~s funding scenario. Wells Marvin agreed to be assessed <br />~br the full frontage under the EC 7.175(3)b, special circumstance clause so that the city would <br />move forward w4th construction. <br /> <br />The developing property owned by Bethel School DistriCt and City of Eugene Parks (TL # <br />17042021 00900) is also greater than 100 feet in frontage. It is zoned residential but because the <br />use is permitted as a conditional use in residential zoning it was assessed as a non-residential <br />property in terms of the frontage assessed. This property too was fully assessed for the frontage. <br /> <br />One property along the west side of Legacy Street is greater than 100 feet in frontage, but is <br />covered by an irrevocable petition for improvements, so even though it is not fully developed <br />is proposed to be assessed for the full frontage. <br /> <br />The parking bays along Legacy and Avalon Streets are not assessed. Typically they would be <br />paid for by the adjacent property as a direct benefit. However, the bays will facilitate comrnunity <br />goals for alternate modes (i.e. allow for parking outside the bike lanes during school pick-up and <br />drop-off periods) and m~nimize neighborhood impact from use at the park. <br /> <br />The table below shows the estimated assessment costs calculated at the time of the formation of <br />the LtD compared with final assessment costs. A contingency was included in the estknated <br />assessment costs. <br /> <br />F#~dings and Recommendatio~,x fbr Final Axsessment- dob 3990 Page 2 <br /> <br /> <br />