1988/09/28 Council Minutes - Laserfiche WebLink

. .• 391 SePtember 28,1988 • COUNCIL BILL NO.889-105 FIRST READING: itTallITCW'rolUtd7vitet"callZiaatLe'dr=f"Ut'''z'ti'n PUBLIC HEARING President Niva opened the hearing on the Oth Ave. W.LID 717. She said the hearing would be held in an orderly way and said a court reporter would be in attendance. She asked everyone to give their • name and address when speaking. She asked if any property owner or representative objected to her participation or any other council member's participation in the Proceedings and no one replied. ngeg"th:pagt=trtithep=in%t:ag:grda4P1111g!e"gegye CitY CO'Unneil exPlaining. the reasons'for any objection to any ="se::r,g'71.is Sh4e 14'naltht'opVulniZt tobe 4eart"Zde:: (ER EB. before final action is taken to confirm the final assessment roll. She said if a written protest had not been filed, this should be done because only those with written protests will be heard. She then introduced Blair Burroughs, Special Counsel for the LID, 95 who briefly explained his experience with LIDs and the difference 47 between General Obligation BonOs whIcH would 1ll be sold 28 to pay for this construction. He said special benefit analysis 78 assures that proportionate similaxily located properties should be 68 .1thaEi3,9,essessed. 21 . 17 Brian Jones, of Public Works,showed slides of the project and said - 28 LID 717 is 6.1 miles of street improvement, including water, sewer 07 and storm drain improvments on Oth Ave. West from 104th St. to the south and Holly Drive to the north. It is.the last and most complex 64 of the "Southooint" LiDs because it involves the use of Transportation Improvement Board (formerly UABO and Federal Aid for 72 Urban Systems grant funding, in addition to contributions from the city's half cent gas tax, Transit and Utilities Funds. He said also the LID required the rebuilding of an entire street, rather than 77 just widening the street and finally 4th Ave. W. consists of proportionately more residential properties than the other Southpoint LIDs. He reviewed the estimated and actual costs for the LID saying they 47 estimated the total cost of the project would be$2,566,500, with a .00 .93 grant of$2,081,000 leaving the total preliminary assessment roll to .11 be$658,650. The actual project cost was 8 $2,072,617 but the amount .74 of the grant was reamed to 943,072. Utilities Division contributed $16,403, Transit $29,961 and half cent gas tax contributed was$230,000 plus interest earnings of$60,896 leaving the final assessment roll in the amount of$791,884. nidees'Irthilrif Ort:1587dc= gPrIhs"ITZ. t: Exhibit ff. x