Item 4: Ordinance on Crest Drive Assessments (2)

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Project The street improvements consist of 18-foot-wide paving (two 9-foot-wide travel lanes) with curbs, concrete walk, street lights at pedestrian crossings, traffic calming (speed tables, chicanes, chokers, medians, and traffic circles), street trees, and stormwater drainage system with stormwater quality facilities. Assessments Costs were distributed per Eugene Code 7.175, and outlined in the council-adopted Hearings Official findings and recommendations, and the resolution forming the LID. Below are the final assessable unit costs: Paving nine-foot (per front-foot) $ 121.88 Sidewalk and drive aprons (per square-foot) $ 2.58 Total Assessable Cost $ 1,320,176.92 Total City Cost: w/o Low-Income Subsidy: $ 2,526,368.92 Low-Income Subsidy - 28 $ 207,527.56 Delayed Assessments - 24 $ 303,733.48 Total Project Cost $ 4,357,806.88 Property owners of vacant or fully developed lots zoned single-family residential under a half-acre pay for actual frontages up to a maximum assessable frontage of 100 feet and not less than a frontage of 50 feet. For a partially developed residential lot over a half-acre, with front footage greater than 100 feet, the property owner is assessed for 100 front feet of frontage at the time of final assessment. If the lot further develops, then a “delayed assessment” will be due for the portion of the frontage over 100 feet. Vacant residential lots over half an acre pay no assessment at the time of final assessment, but an equivalent assessment for the full frontage is due at the time of development. Also, as provided in City Code, although much of the project has sidewalk built on just one side of the street, properties on both sides of the street will be assessed for the sidewalk. Assessment information about the sidewalks was made available for each property at the LID formation hearing held on May 28, 2009. The final assessable costs are lower than estimated when the LID was formed. The funding sources for the City’s share and the non-assessable share of project costs for this project are the Capital Road Fund, Stormwater System Development Charges (SDC) Fund and Stormwater Utility Fund. Assessment financing, 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. In addition, there are extension or deferral programs for qualifying property owners based on age and/or income. Based on the low bid received, the costs listed below were the estimated assessment costs, plus contingency, calculated at the time of the formation of the LID. \\Cesrv500\cc support\CMO\2011 Council Agendas\M110523\S1105234.doc