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11/08/1999 Council Packet
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11/08/1999 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
11/08/1999
Council Meeting Type
Regular
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AGENDA ITEM 6E <br />STAFF ORIGINATOR: John Powell, City Engineer <br />COUNCIL MEETING DATE: November 8, 1999 <br />TOPIC: Consideration of Resolution No 99 -103, Adopt Assessment Roll, <br />Centennial Middle School Street and Utility <br />VOTE REQUIRED: Simple Majority <br />BACKGROUND: <br />On October 25, 1999, the City Council held a Public Hearing for the proposed <br />assessment to one property involved in the Centennial Middle School Street and <br />Utility project which benefited but was not originally assessed. Action on the <br />assessment roll was delayed due to review a request on the Lakes Addition <br />project to extend the repayment period to 20 years. As these are both City <br />projects, the repayment periods need to be treated in a similar manner so action <br />on this project was also delayed. The City's bond for the Centennial Middle <br />School project also has a term of 15 years. The recommendation for this project, <br />similar to the Lakes Addition project, is to keep the repayment period at 15 years. <br />OPTIONS: <br />1. Return to staff for further review. <br />2. Adopt Resolution No 99 103 adopting the assessment roll for the <br />Centennial Middle School Street and Utility project. <br />RECOMMENDATION: <br />Staff recommends Option No. 2, the adoption of Resolution 99 —103. <br />
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