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KELLER PARKWAY WATER MAIN IMPROVEMENTS <br />Citizen Information Meeting <br />November 28. 1994 7:00 pm <br />PROJECT SUMMARY <br />Scope: To install water main within Keller Parkway, Lakeside Court and <br />Arcade Street (see attached figure). <br />Cost <br />Revenue: <br />Direct Cost to residents (assessments) <br />City costs <br />= $188,600 <br />= $151,400 <br />The City has recently adopted a new water main assessment policy which <br />limits assessments to approximately $4,600 for each buildable lot The <br />option of deferred assessments is available for senior citizens, retired <br />disabled homeowners and for splitable lots without an existing structure. <br />PURPOSE <br />The purpose of the project is to provide municipal water service to properties <br />adjacent to Keller Parkway, Lakeside Court and Arcade and to "loop" the water <br />distribution system. Benefits include residential water supply and improved fire <br />protection. <br />WHY NOW? <br />The County plans to resurface Keller Parkway in 1995. By coordinating the water <br />main installation with the County's resurfacing, an opportunity is created to install <br />a water main at a most feasible and cost effect time. <br />It is an opportune time because the beat location for the water main is beneath the <br />pavement. If the water main is not installed in conjunction with the road <br />resurfacing it may be over 20 years before the main can be installed without having <br />to incur the cost of reconstructing the pavement. By avoiding the cost of pavement <br />replacement, the project cost is reduced by approximately $100,000. <br />Page 32 <br />B0•d •OSSV 8 OOa199NO9 <br />TT£T 999 ST9 L£:bt 1766T -9T -ZT <br />COST <br /># LOTS <br />COJF/Lfid <br />Keller Parkway <br />$290,000 <br />31 (g <br />$9,350 <br />Lakeside Court <br />$50,000 <br />10 <br />$5,000 <br />TOTAL <br />$340,000 <br />41 <br />$8,300 <br />Revenue: <br />Direct Cost to residents (assessments) <br />City costs <br />= $188,600 <br />= $151,400 <br />The City has recently adopted a new water main assessment policy which <br />limits assessments to approximately $4,600 for each buildable lot The <br />option of deferred assessments is available for senior citizens, retired <br />disabled homeowners and for splitable lots without an existing structure. <br />PURPOSE <br />The purpose of the project is to provide municipal water service to properties <br />adjacent to Keller Parkway, Lakeside Court and Arcade and to "loop" the water <br />distribution system. Benefits include residential water supply and improved fire <br />protection. <br />WHY NOW? <br />The County plans to resurface Keller Parkway in 1995. By coordinating the water <br />main installation with the County's resurfacing, an opportunity is created to install <br />a water main at a most feasible and cost effect time. <br />It is an opportune time because the beat location for the water main is beneath the <br />pavement. If the water main is not installed in conjunction with the road <br />resurfacing it may be over 20 years before the main can be installed without having <br />to incur the cost of reconstructing the pavement. By avoiding the cost of pavement <br />replacement, the project cost is reduced by approximately $100,000. <br />Page 32 <br />B0•d •OSSV 8 OOa199NO9 <br />TT£T 999 ST9 L£:bt 1766T -9T -ZT <br />