Item 4: Ordinance Levying Assessments for Elmira Road

Home Browse Search

T Total City Cost: w/o Low Income Subsidy: $ 2,033,538.77 Low Income Subsidy $ 228,722.84 Advance-pay equivalent assessments $ 23,126.36 Delayed assessments $ 16,286.67 Total Project Cost $ 2,919,363.70 There are four tax lots that had previously paid an “equivalent assessment” for the road improvement when the lots were developed as provided for in Eugene Code. The front-footage for these lots was included in the computation for the assessable costs but the properties are not included in the proposed assessments. The delayed assessments may be collected later if any of the four partially developed lots further develop. These lots are greater than 0.5 acre and have more than 100 feet of frontage; the delayed assessment will be for the front-footage greater than 100 feet at a rate based on today’s rate but indexed to construction costs. Per Eugene Code, property owners of low-density residential zoning on a collector street were assessed for a portion of the width and structure (depth) of the street, equivalent to a local street. For a neighborhood collector the width is ten feet of paving. The City pays for the remaining paving costs from System Development Charge (SDCs) funds. In addition, for collector streets, SDCs fund the street light improvements, the extra width of sidewalk, and replacement of a connection to the Roosevelt Path that was affected by stormwater improvements and street trees. Larger capacity stormwater drainage improvements are paid for by the City Stormwater Funds. On this project the existing wastewater pipes needed to be adjusted to avoid conflict with the new stormwater drainage system and this work is funded out of the Wastewater Utility Fund. Assessment financing, up to a 15-year payment plan through the City, is available to all property owners within the improvement district as identified by Eugene Code, Chapter 7, and the adoption of the proposed ordinance. In addition there are extension or deferral programs for qualifying property owners. The proposed assessments are considerably lower than the previous estimates. Based on the low bid received, the costs listed below are the estimated assessment costs plus contingency calculated at the time of the formation of the LID. Paving 10-foot (per front-foot) $ 104.00 Parking Bays on Maple Street (each property) $ 550.00 Sidewalk and drive aprons (per square-foot) $ 4.30 Total Assessable Cost $ 1,201,560 Total City Cost: w/o Low Income Subsidy: $ 2,089,800 Total Project Cost $ 3,291,360 Low Income Subsidy Of the 122 properties in the LID, owners of 48 properties qualify for a subsidy under the low-to- moderate income subsidy program. This City-funded subsidy program is available to property owners who occupy a single-family dwelling or duplex and meet other program criteria. The Z:\CMO\2010 Council Agendas\M100222\S1002224.doc