Item 5: Ordinance Levying Assessments for Chad Drive

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action on April 11, 2005, pursuant to Section 7.160(5) of the Eugene Code, 1971. The streets were classified as major collectors in November, 1999. The assessment code was modified in 2000, to provide a reduction in assessable costs for roadways of higher classification. Bids were opened on May 19, 2009, with Babb Construction Co. dba Delta Const. Co. and dba Delta Concrete as the low bidder. The property owners were notified of the public hearing regarding formation of the proposed LID and a hearing was held on May 27, 2009. Minutes, Findings and Recommendations from the Hearings Official were forwarded to the Eugene City Council in advance of their June 8, 2009, formation of the LID. Additionally, on June 22, 2009, the Eugene City Council approved a plan to reduce the assessable costs on three local improvement districts that were formed in 2009. (Crest Neighborhood Street Improvement Project, the Chad Drive Extension Project and the Elmira Road/Maple Street Improvements were the LIDs that benefitted from lower construction bids and budgeted funds that could be applied to street improvements.) Chad Drive Extension (Old Coburg Rd) assessable costs were reduced by approximately $63,658 which resulted in a front-foot reduction of $18.54 per front-foot. At that same meeting the Eugene City Council authorized modifications to the interim financing rate and the finance period. Property owners who choose City Financing will be able to finance their assessments for 10 or 15 years. Costs were distributed per Eugene Code 7.175, and outlined in the council-adopted Hearings Official findings and recommendations, and resolution forming the LID. Below are the final assessable unit costs: Paving 10-foot (per front-foot) $98.08 Paving 7-foot (per front-foot) $63.09 Sidewalk and drive aprons (per square-foot) $5.67 Wastewater (per square-foot) $0.36 Wastewater service (per each) $2,924.61 Total Final Assessable Cost $ 572,261.80 Total Final City Cost: $ 1,932,928.96 Total Final Project Cost $ 2,505,190.76 These final assessment and project costs reflect a minor reduction from the letters sent out providing notice to the property owners of the assessment due to a reimbursement from EWEB for water valve adjustments. The non-assessable City share for this project will be funded primarily from Transportation SDC’s, Stormwater SDC’s and STP-U funding from the Federal Highway Administration. The Transportation SDC portion is $1,715,330.78 and the Stormwater SDC portion is $203,882.17. The STP-U funding from the Federal Highway Administration will reimburse the City funds up to $695,000 of eligible costs. The non-assessable costs that the City pays for include the additional width of paving, intersections, medians, bike lanes, street lights, traffic signal, street trees, and non-assessable storm drainage system costs. Z:\CMO\2010 Council Agendas\M100222\S1002225.doc