Agenda Packets - 1999/11/01 - Laserfiche WebLink

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properties beyond the area of their immediate placement . Therefore, one hundred percent (100%) of the cost of trunk improvements will be assessed on a unit basis to all properties within a district deemed to be benefitted from the trunk improvements. • g. Sewer and Water Services . Individual sewer and water services benefit only the properties they serve and 100 percent (100%) of their cost shall be assessed to the property for which they are installed. h. Drainage Improvements . Storm drainage and ponding/basin systems are usually constructed to serve a specific drainage or "watershed" district . These drainage districts have trunk lines, which are large diameter pipes that transport large volumes of water from one or more drainage districts . Property within drainage districts that would receive benefit from a trunk storm sewer, would be assessed a unit amount of $400 . 00 per lot for a single family residential lot. This amount would be determined and adjusted annually by resolution using the Engineering News Record (ENR) . Multifamily housing lots that exceed 1/3 acre would be assessed based on the number of acres, multiplied by the unit cost of $1, 200 . 00 per acre . Commercial / Industrial property would be assessed based on the number of acres that are determined to benefit from the trunk line multiplied by the unit cost of $1, 200 . 00 per acre to a maximum amount of three (3) acres or $3 , 600 . 00 . The remaining cost will be paid for by the Surface Water Utility and/or by an ad valorem property tax paid by the entire community or by other funds that may become available to the City for infrastructure cost recovery. Should a project be initiated on a particular street that requires storm sewer laterals which would be connected to the trunk lines, the Surface Water Utility would fund these expenses . I . Special Conditions . Special consideration shall be given to the "age" of a street or utility system when determining the proportion of cost to be assessed to benefitted properties . If it is necessary to reconstruct or resurface a street or perform major repair/replacement work on sewer and water utilities, before a reasonable amount of time (10 to 12 years for resurfacing, 12 to 17 years for partial reconstruction and 17 to 25 years for total reconstruction) the assessment shall be calculated on a pro-rated basis . The remaining cost shall be recovered by means of the general ad valorem property tax paid by the entire community or by other funds that may become available to the City for infrastructure cost recovery.