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properties when they are developed in the futm-e. Of the assessable cost, $451,106.34 will be delayed street assessments, calculated according to these formulas. In addition, $223,200.07 will be on-hold wastewater assessments, collected when the subject properties connect to the City wastewater system.. Assessment financing, a 1 O-year payment plan through the City, is available to all property owners within the improvement district as identified by City Code, Chapter 7. The nonassessable costs the City will pay for include additional width of paving, intersections, medians, bike lanes, street lights, street trees, traffic signal, and non-assessable storm drainage system costs. In addition, the City is paying for the costs of improvements built through the I- 105 right of way and across the Q-Street Channel. The City costs will be paid from City Transportation Systems Development charges (SDCs) and storm water SDCs, and from Oregon Department of Transportation funds. PUBLIC INVOLVEMENT Public involvement in this proposed improvement has been significant since it was first proposed. During the current proposal, public involvement has reduced in number somewhat. One aspect of public involvement of importance to note is that information on low income subsidies was provided to property owners in the area. Several responses have been received, or will be received within a timely period. No decisions on eligibility ahs been made. Property owners were notified of the hearing and opportunity to'speak at least ten days before the scheduled heating. Property owners appeared at the March 17, 2004, heating and offered statements and asked questions regarding the proposed project and estimated assessments. A copy of the minutes of that public hearing is attached as Exhibit A. No remonstrances were filed. In addition to detailed questions about the process, the most common concern expressed related to the attendees' objections to having to pay a portion of the cost for the improvements. The attendees understood that the City had examined the question of an equitable balance of costs, and had recently gone through a revision to provide a balance where local property owners pay a smaller share of the costs than had previously been the case. Nevertheless, the attendees did not feel that they should be expected to pay as much as proposed, instead feeling that other users of Garden Way should be required to pay more. The distribution of costs is a difficult policy matter that has been reviewed extensively by the Council. The Council has more information regarding the relative degree of street usage, and the actual usage and benefit from other improvements related to street improvements than a small group of individuals have who are responding to a proposed assessment. The proposed assessments are consistent with the policy decisions that the Council has made, as those PROPOSED PAVING, CURBS AND GUTTERS, SIDEWALKS, AND RELATED IMPROVEMENTS ON GARDEN WAY AND ON THE NORTH SIDE OF MARTIN LUTHER KING, JR. BOULEVARD FORMATION OF LOCAL IMPROVEMENT DISTRICT Page 3