08-24-88 Council Minutes - Laserfiche WebLink

Home Browse Search

MINUTES City Council August 24, 1988 TIF i nter•ested. District No. 2 Blesener suggested that the City Planner~'s office wor~k with Lar~r•y Lee (Cont.) on his r•equest for• financing to r~elocate a couple of businesses within existing buildings in the City. Blesener• again stated that he would be in favor• of the use of TIF funds for• building impr~ovements. Fahey felt that new constr•uction was a higher~ priority for• the City. Recess At this point in the meeting, 9:14 P.M., Council took a shor~t recess. the meeting was reconvened at 9:23 P.M. Imp. No. Fahey opened the Public Hearing to consider• assessments for~ Impr•ovement No. 87-8 87-8, which is the improvement by sanitar•y sewer and water~main the ar•ea lying west of DeSoto Street, nor~th of Flllan Avenue extended and east and Agenda south of Centerville Road. The total amount to be assessed is $153,606.17. Item No. 11 The City Engineer r~epor•ted that ther•e is a total acreage of 28.27 acres which will be served by the sewer impr•ovement. The assessments will be divided $2,417_.26 per acre. There ar•e 30.72 acres which will be served by the watermain improvement which is divided into $2,780.31 per acre in assessments. Fahey reported that the Slumber•land proper~ty will be assessed a total of $82,042.61 for sewer and water; the Gar~dner~ Bros. property will be assessed a total of $36,555.69 for• sanitary sewer• and water•; another Gardner Bros. parcel will be assessed $7,529.23 for• sewer• and water•; the Donna Schroeder proper•ty will be assessed $20,666.42 for sewer and water; the William Stenger pr•operty will be assessed $611.67 for water• improvement only; the Norman Dupr•e, Jr. pr•operty will be assessed $2,752.51 for• water improvement only; the Idilliam and Rose Stenger property will be assessed $1,445.76 for~ water impr•ovement only; and the Antoinette Costa property will be assessed $2,001.82 for• water impr~ovement only. Fahey repor•ted that the interest r•ate is 10% per annum and the installment terms are 6 years. Blesener reported that those proper•ties which ar~e being assessed for• watermain improvement only already have sanitar•y sewer available fr•om Centerville Road. There was no one present from the general public wishing to comment on the assessment of Improvement No. 87-8. Mr. Fahey introduced the following resolution and moved its adoption: RESOLUTI0~1 N0. II8-8-355 - CLOSING THE PUBLIC HEARING ON IMPROVEMENT N0. 87-8, THE IMPROVEMENT OF CENTERVILLE ROAD BY SEPIER AND WATER Page -16-