Discussion:
On March 6, 2018, City Council adopted Resolution R2018-022, approving the plans and specifications and ordering the advertisement for bids for the 2018 Street Reconstruction, Project CIF-18-003. On April 17, 2018, City Council adopted Resolution R2018-047, accepting the bids and awarding the contract for the 2018 Street Reconstruction Project.
The project has subsequently been completed, and on October 16, 2018, City Council adopted Resolution R2018-116, declaring the costs to be assessed, ordering the preparation of proposed assessments, and setting a public hearing date for November 20, 2018, for the 2018 Street Reconstruction Project CIF18-003.
This project is substantially complete, project costs are identified, and only minor miscellaneous punch list items remain to be completed. City policy is to assess 30% of the street improvements to the benefiting properties. Properties will be assessed in accordance with the preliminary engineering report. The proposed assessment rate is as follows:
Typical single family residential: $3,732.54/lot
High density residential/Institutional: $6,652.41/acre
Attached to this memo is a map of the project area and the assessment roll for Council consideration and adoption. A presentation of the final costs and assessments will be made at the Council meeting.