12-15-92 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL DECEMBER 15, 1992 Joe Kausner, 325 East Brooks Avenue, felt that the bottom line to property owners was prohibitive. Kausner submitted a petition signed by 10 of the 12 property owners involved opposing the improvement. Kausner felt that with the economy the way it is, it would be a bad move to proceed with this improvement. Kaus»er pointed out that East Brooks Avenue is only one block long, and there is limited through traffic and no heavy loads on the street. Bryon Kutscher, 303 East Brooks Avenue, stated that he opposed the project. Kutscher reported that the ten property owners who signed the petition opposing the project have no problem with the street as it is. Kutscher reported that his home is the most expensive purchase that he ever made, and should the improvement proceed, it would be the second most expensive purchase he made. Kutscher reported that he purchased his home 15 years ago and believed he could afford it. However, in the last six years his property tax payment has exceeded his monthly mortgage payment. Kutscher requested denial of the improvement. Scalze asked what the assessment would mean to property owners in terms of payment amounts. The City Administrator reported if the assessment is spread over a 10-year period at an estimated interest rate of 7 1/2 percent, the payment would be $825 per year for a 100 foot lot. The City is hoping to lower the cost of the improvement since it will be combined with other projects planned in the City during 1993. Therefore, it is hoped to reduce the estimated cost. The Administrator pointed out that given the condition of the road, at some point it will need attention. The City Engineer pointed out that if the improvement is not made, the street will require a good deal of maintenance. The Engineer pointed out that should the road improvement not be ordered, the City would probably not address the matter again for another 3 to 5 years. The Engineer also pointed out that the reason for the catch basins proposed is to pick up standing water before it gets onto Morrison and becomes a burden downstream. Blesener asked if the street improvement were not ordered for 4 to 5 years, if the increased cost to do the project in the future would be due primarily to inflationary factors. The City Engineer anticipated that the same type of improvement would be proposed. The Engineer replied Page 10