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December 30, 2014 <br />Assessment Considerations for Mustang Drive Pavement Rehabilitation and Drainage Improvements Projects <br />Page 5 of 5 <br /> <br /> <br />Option 5 <br />        OPTION 5: Adjusted Front Footage Assessment  <br />Address Owner  <br />Adjusted  <br />Front  <br />Footage  <br />Rounded  <br />Adjusted  <br />Front  <br />Footage  <br />Adjusted  <br />Frontage  <br />Assess per  <br />parcel%  <br />Adjusted  <br />Frontage  <br />Assess per  <br />owner%  <br />2151 Mustang Dr Gregory & Jane Kelley 336.88 336.5 6.70%6.70% <br />2159 Mustang Dr Bauer Welding Metal Fabricators 426.275 426 8.48%8.48% <br />2169 Mustang Dr Midwest Motor Express Inc. 463.51 463.5 9.23%9.23% <br />4800 Mustang Cir Phillip Javinsky 404.23 404 8.04%8.04% <br />4860 Mustang Cir Fac Holdings LLC 565.47 565 11.25%11.25% <br />4825 Mustang Cir D & A Development Co 244.84 244.5 4.87%   <br />4825 Mustang Cir D & A Development Co 175 175 3.48%   <br />4825 Mustang Cir D & A Development Co 200.1 200 3.98%12.34% <br />4751 Mustang Cir Fedtech Partners LLC 200.05 200 3.98%   <br />4751 Mustang Cir Fedtech Partners LLC 505 505 10.06%14.04% <br />2160 Mustang Dr MFJ Company LLP 1200 1200 23.89%23.89% <br />4759 Old Highway 8 GI Technology Inc 302.6 302.5 6.02%6.02% <br />100.00%100.00% <br /> <br />Upon analysis of all five options we recommend using Option 1- Area Assessment or Option 5 - <br />Adjusted Front Footage Assessment, as the per Unit method does not consider parcel size. <br />Applying Opinion of Probable Cost <br />Using the estimated project cost of $575,000 (see attached), the assessment costs of Option 1 and <br />Option 5 can be determined. Assessment amounts have been calculated in the attached tables. If <br />$65,000 in storm sewer improvements are assessed to each property, they will be assessed between <br />$16,200 and $988. If $510,000 of street rehabilitation is assessed, each property will be assessed <br />between $126,800 and $7,800. The remaining tables display the cost should 25% and 12.5% of the <br />street rehabilitation cost be assessed. If the budgeted TIF and Stormwater Fund are used, the <br />remaining project cost may be approximately $60,000 which is approximately 12% of the total <br />estimated cost. <br />Please let me know if other considerations/calculations shall be explored prior to Monday’s meeting. <br />Respectfully submitted, <br />STANTEC <br /> <br />Cristina Mlejnek, Project Manager