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ASSESSMENT <br />Under City of Eugene assessment policy, 50 percent of the improvement costs will be assessed to <br />the abutting property owners, with the balance financed by the City, As provided in the petition <br />for public improvements, the assessments against the abutting properties will be based on the <br />enclosed building square footage. The final unit assessable casts are:. <br />Traf~~c signal <br />Cost to City - SDC's <br />$ ,2SIsq. ft. <br />$ 50,641.73 <br />At the Local Improvement District hearing following bid opening, based on the low bids <br />received prior to construction, the following assessable unit costs were quoted to property <br />owners <br />Traf~~c signal abased on Site Review Agreement} $ .321sq. ft. <br />Cost to City (50% share - SDC Funds) $ 52,293.22 <br />PROPERTY OWNER CORRE PONDEN E <br />One letter, from the managing partner of one of the petitioning property owners, Mr. Gregory <br />Vik, was received. Exhibit B}. Mr. Vik objected to the assessments based on his previous <br />understanding of how the costs of the traffic signal were to be distributed. Mr. Vik's letter states <br />that he was under the impression that the petition provided that the cost of the traffic light would <br />be shared between the property owners and the City. Mr. Vik also describes a conversation <br />with City employees approximately one year ago, when he was told that the property owners <br />south of Green Acres Road would not be called upon to pay any costs for installation of the <br />traffic signal. <br />Whatever the source of Mr. Vik's information, his beliefs were not based on information that <br />was or could have been available to Mr. Vik. The irrevocable petition is clear, It provides that <br />the entire cost of the improvement will be paid by the property owners. The only passible <br />variation allowed in the petition is whether the City will elect to include other property owners. <br />A year ago the project had been initiated, based on the petition signed by the property owners, <br />including Mr. Vik. The property owners were informed of the formation of the district and the <br />proposed assessment in June, 1994. That would have been the appropriate time to raise the <br />issues that Mr. Vik now raises. No property owner, including Mr. Vik, appeared during the <br />formation of the LTD to express any concern about these issues. <br />PUBLIC HEARING <br />The property owners were informed more than ten days in advance of the date of a scheduled <br />public hearing on the proposed assessment. Mr. Vik agreed to submit a letter expressing his <br />concerns instead of attending the public hearing. No other person indicated an interest in <br />TRAFFIC SIGNAL ON GREEN ACRES RDAD 1,000 FEET EAST OF DELTA HIGHWAY `Page 2 <br />FINAL ASSESSMENT -FINDINGS AND RECOMMENDATIONS <br />