On July 16, 2019, City Council adopted Resolution R2019-073, approving the plans and specifications and ordering the advertisement for bids for the Wood Duck Trail Reconstruction Project CIF-19-008. On August 20, 2019, City Council adopted Resolution R2019-088, accepting the bids and awarding the contract for the Wood Duck Reconstruction Project. 

The project has subsequently been completed, and on October 15, 2019, City Council adopted Resolution R2019-108, declaring the costs to be assessed, ordering the preparation of proposed assessments and setting a public hearing date for November 6, 2019, for the Wood Duck Trail Reconstruction Project CIF-19-008.

As indicated, 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 are recommended to be assessed in accordance with the preliminary engineering report. Accordingly, the computed assessment rate is $14,706 per lot. However, based on the special benefit appraisal analysis conducted for this project, the final assessment amount is recommended to be capped at $12,000 per unit/lot, noting that corner lots are assessed at 50 percent of the regular lot amount.

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.

The final project cost is $370,362.88, which consists of construction and engineering/administration/legal costs. The following Costs and Funding Summary provides the estimated amounts based on bid award and the final project amounts based on actual costs.