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• <br />• <br />RECOMMENDATION <br />Establishment of an annual street reconstruction program will require the expenditure of property <br />taxes to fund the improvements. As discussed in previous meetings, the most financially prudent <br />and equitable way to distribute the costs of street reconstruction is through a combination of <br />special assessments to benefiting property owners and ad valorem taxes paid by all city <br />taxpayers. This financial strategy has been difficult to implement, due in part, to the procedural <br />requirements currently existing within the City Charter. <br />The proposed amendment provides the City Council with more control over the procedural <br />process while improving the City Council /neighborhood involvement. The amendment <br />continues to provide a neighborhood option to veto the project. Additionally, and possibly most <br />important, is the continued opportunity to hold a city wide vote on a project. However, the vote <br />would need to be initiated via a citizen petition process rather than automatically held as <br />currently required. <br />Staff is recommending that the City Council approve the first reading of Ordinance No. 05 -12 <br />and refer the ordinance to the Chair of the Charter Commission for review. <br />ATTACHMENTS <br />1. Ordinance No. 05 -12 <br />