12-01-2021 Council Packet - Laserfiche WebLink

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Prepared by: Bolton & Menk, Inc. FINANCING 2022 Street & Utility Improvements (Woodlynn Ave, Ryan Dr) ǀ 0N1.125241 Page 13 V. FINANCING Street - Full Depth Reclamation (Ryan Drive): The City’s current assessment policy for rehabilitated urban streets outlines that 50% of street rehabilitation costs, including any cost associated with the installation or repair of curb and gutter, shall be assessed to the benefited properties. The remaining street costs will be funded using the City’s Infrastructure Capital Improvement Fund. The Ryan Drive Industrial Park and its associated properties have historically had a preexisting agreement with the City on special assessment policy for improvements within the Industrial Park. The agreement, utilized during the last three improvement projects in 1993, 2001, and 2016, outlines that 100% of street costs would be assessed to the industrial park, with assessments based 50% on assessable front footage and 50% on lot area. Given the similarity in project scope to previous projects, it is recommended that the Ryan Drive Industrial Park be assessed per the details of the preexisting assessment agreement detailed above. Street - Full Reconstruction (Woodlynn Avenue): The City’s current assessment policy for an upgraded rural commercial street outlines that 80% of the total street costs and 100% of the costs of new curb and gutter shall be assessed to the benefitting properties. The special assessment policy includes special provisions for corner lots, commercial properties, lots that have already been assessed, and minimum/maximum front footages; notes and adjustments for these parcels are listed in the Assessment Rolls in Appendix C. The remaining street costs will be funded using the City’s Infrastructure Capital Improvement Fund. The eastern portion of Woodlynn Avenue is recommended to be assessed on a per unit basis due to the similar size and nature of the properties being assessed. As such, parcels are assigned a unit value in accordance with the special provisions described above. The total assessable cost is then divided among the total units and assigned to each benefiting parcel according to its unit value. The western portion of Woodlynn Avenue is recommended to be assessed on a front footage basis due the varying sizes of property being assessed. As such, the total assessable cost is divided among the total front footage within the project area to establish an assessment rate per linear foot. This assessment rate is then applied to each benefiting property according to their respective front footage. Water, Sewer, and Storm: Generally, the projects detailed in this Report include only minor water, sanitary, and storm sewer repairs. In these instances, and in accordance with the City’s Special Assessment Policy, minor improvements and preventative maintenance to water, sanitary, and storm sewer infrastructure will not be assessed. Instead, they will be funded by the City’s Infrastructure Capital Improvement Fund. Proposed improvements beyond the scope of preventative maintenance and their recommended assessment procedures are defined below. The Ryan Drive project area includes the installation of sanitary sewer forcemain and laterals to three properties. Per the City’s current policy on sanitary sewer assessments, sewer main or individual services installed directly to specific properties are fully assessed to the benefited properties. The Ryan Drive project also includes proposed improvements to the existing storm sewer system. Per the preexisting agreement between the Ryan Industrial Park and the City, 100% of the costs associated with storm sewer improvements would be assessed to the Industrial Park as detailed in the previous section.