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Item 2C - Formation of LID (SC)
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Item 2C - Formation of LID (SC)
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6/9/2010 12:31:44 PM
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8/9/2004 11:49:31 AM
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City Council
City_Council_Document_Type
Agenda Item Summary
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8/9/2004
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existing commercial businesses, proposed new developments, and the new fire station along Santa <br />Clara Avenue, pedestrian safety has become a concern. Traffic will continue to increase in this area as <br />the properties develop. <br /> <br />ASSESSMENT <br /> <br />Costs listed below are the estimated assessment costs calculated from the Iow bid. The calculations <br />are consistent with adopted Council policy. A 10% contingency has been included in the estimated <br />costs. <br /> <br /> Sidewalk (per square foot) $ 8.31 <br /> Curbs and Gutters (per front foot) $ 58.61 <br /> <br /> Total Assessable Cost $129,166.10 <br /> Total City Cost $ 16,010.66 <br /> Direct Charges to be assessed $ 42,706.00 <br /> Total Project Cost $145,176.76 <br /> <br />The non-assessable City share for this project will be funded from Transportation SDC Fund, <br />Transportation Utility Fund, and Stormwater SDC Fund. <br /> <br />Assessment financing, a 10-year payment plan through the City, is available to all property owners <br />within the improvement district as identified by City Code, Chapter 7. <br /> <br />Recommendations <br /> <br />The unit prices submitted with the Iow bid are competitive and, based on staff review, appropriate for <br />this scale of project. Staff recommends approval of formation of the LID. <br /> <br /> <br />
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