08-13-1997 Council Agenda - Laserfiche WebLink

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File August 7, 1997 Page 2 The City Administrator stated that residents would also be responsible for connection fees of approximately $460 plus the cost of constructing the physical connection from the curb stop to the house. He indicated that people do not have to hook up within any predetermined timeline. He stated that people could connect to City water and maintain their well for use in lawn watering or other exterior uses as long as there were no cross connections between the systems. He pointed out the proposed assessment of $3,772 per lot for 10 years at an estimated interest rate of 7 1/4% would yield an average annual payment of approximately $550. He noted that assessments are based on equal principle, declining interest calculations. The City Administrator noted that given the limited attendance, we would have to present this information at the improvement hearing to be held August 13, 1997 with the City Council. He suggested to Mr. Vogel that he encourage neighbors to attend in order that their input will be considered in making this decision. Based on limited attendance and the fact that this water main could be constructed in the future in conjunction with Centerville Road, staff recommends that we proceed with the project subject to neighborhood input. Should the project be ordered, it should be kept in mind that bids could be rejected if we do not feel the price is competitive. The condition of water quality from existing wells may dictate the need to do the project now rather than later. Again, the comments of the residents should be considered in that regard. JRH:kpv Page 5