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... ABC, <br />rn3+To <br />TO: Affected Citizens <br />FRI Larry 4dtittaker <br />1yr: .July 5P 1979 <br />! Jim SW area Street Improvement (First and Immanuel) Assessments <br />The above mentioned improvement project was carried out in 1978 after a petition <br />from the adjacent property owners, There was agreement among these property owners <br />and the City Council that only certain lots would be assessed; and that parts of <br />Certain lots would not be assessed — either because the land adjacent to the road <br />was unbuildablep or because certain parts of the properties would not benefit, <br />iho coats for the project were: <br />Twin City testing $ 50.00 <br />Tower Asphalt 20,346.90 <br />Leif 333.50 <br />I:]agineering 1,717"2� <br />$22,447.69 <br />;he total Assessable front footage is 1078.10 feet <br />Total root divided by total assessable feet = $20.82 per assessable foot <br />PROPOSRO AS SE23MENT. <br />Parcel — <br />Assessable feet <br />Assessment <br />37032-2650 <br />100 ft. <br />$ 20082.00 <br />37033-3400 <br />250 ft. <br />50205.00 <br />-3200 <br />100 ft. <br />20082.00 <br />-3250 <br />100 ft. <br />2.082.00 <br />-3300 <br />192,50 <br />4,OO7.85 l <br />-2800 <br />245 ft. <br />5000.90 2 <br />-3000 <br />20.60 <br />1,886.29 3 <br />1078.10 ft. <br />$2207.04 <br />I The Council and property owners agreed at the project hearing (a) that <br />side lot frontage would be assessed at half front footage <br />2 Only the buildable frontage on this lot was assessed <br />3 `Phis property's principal access of off the frontage road; so the lot <br />was assessed as a side lot frontage only <br />The Council has to decide what a reasonable assessment period should be; and what <br />rate of interest to charge on the balance of the assessment. It is common to let <br />street improvements go 10 years at 8M. <br />If the assessment roster is acceptable after the hearing; the Council will adopt <br />the Resolution setting the assessments. <br />