Item 4: Ordinance Levying Assessments for 3rd/4th Connector

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Paving 7-foot (per front foot) $ 65.00 Paving 10-foot (per front foot) $ 90.00 Sidewalk (per square foot) $ 6.00 Wastewater (per square foot) $ .35 Wastewater service (per each) $3,000.00 Total Estimated Assessable Cost $ 427,851 Total Estimated City Cost $1,258,433 Total Estimated Project Cost $1,686,284 Property owners were notified of the final assessment hearing ten (10) days prior to the hearing as required by Eugene Code. The final assessment hearing was held on April 12, 2006, to review the final project cost, consider comments on the proposed final assessments, and to provide evidence to be included in the ordinance levying the assessments by the City Council (see Hearing Official Minutes). Costs were distributed per Eugene Code 7.175, and as outlined in the council-adopted Hearings Official findings and recommendations, and the resolution forming the LID. Below are the final unit assessable costs: Paving 7-foot (per front foot) $ 67.23 Paving 10-foot (per front foot) $ 96.05 Sidewalk (per square foot) $ 6.06 Wastewater (per square foot) $ .48 Wastewater service (per each) $3,488.00 Total Final Assessable Cost $ 476,988.30 Total Final City Cost $1,367,531.10 Total Final Project Cost $1,844,519.40 The non-assessable City share for this project is funded from Transportation SDCs and Stormwater SDCs. The Transportation SDC portion is $1,160,160.00 and the Stormwater SDC portion is $203,145.00. The Metropolitan Wastewater Management Commission (MWMC) will reimburse the City $4,225 for adjustment work to their facilities. The nonassessable costs that the City pays for include additional width of paving, intersections, medians, bike lanes, street lights, street trees, and non- assessable storm drainage system costs. Assessment financing, a 10-year payment plan through the City, is available to all property owners within the improvement district as identified by Eugene Code, Chapter 7. The final project costs were higher than estimated. This was due to additional street excavation costs to stabilize the soft subgrade prior to paving, extra right-of-way costs for additional right-of-way needed at the west end of the project for realignment of the intersection to address safety concerns, additional storm drainage work due to underground springs, and higher utility relocation costs than estimated. L:\CMO\2006 Council Agendas\M060508\S0605084.doc