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The unit assessment for street and drainage improvements is $9,800. Residential properties with direct <br />access to the street and vacant lots are included as benefitting properties. Each property is assessed one unit unless the property has the ability to be subdivided using the current underlying land use and zoning regulations. There are 25 single family residential properties that directly gain access to Legion Avenue <br />North and 4 additional platted properties, including 2 city owned parcels, for a total of 29 street and drainage improvement assessable properties. <br />FISCAL IMPACT: The estimated total cost for the project is $2,820,000; including $1,368,000 for sanitary sewer improvements, $508,000 for watermain improvements, and $944,000 for street, drainage, and storm sewer improvements. The project funding will consist of $572,400 in special assessments for sanitary sewer service, and street and drainage improvements; $1,079,800 paid through the Sewer Enterprise Fund; $508,000 paid through the Water Enterprise Fund; and $659,800 paid through the general fund for the City share of the street and drainage improvements. RECOMMENDATION: Staff is recommending that the City Council approve, as a part of the Consent <br />Agenda, a Resolution Declaring Costs to be Assessed and Calling for a Hearing on the Proposed Assessment, with the assessment hearing to be scheduled for the April 4, 2023 city council meeting. If <br />removed from the consent agenda the suggested motion to approve this action is as follows: “Move to approve Resolution No. 2023-019; A Resolution Declaring Costs to be Assessed and Calling for the Hearing on the Proposed Assessment for the Old Village Phase 7 Street and Utility <br />Improvements.” ATTACHMENTS: 1. Resolution Declaring Cost to be Assessed and Calling for Hearing on Proposed Assessment. 2. Notice of Hearing on Proposed Assessment. 3. Final Assessment Roll.