1989/12/06 Council Minutes - Laserfiche WebLink

• 507 December 6,1989 discuss at length questions about the amounts of estimated z dividual assessments. If the LID is formed, there will he futurehearing dealing with specific amounts of final assessments. Questions about the aunt as preliminary estimated a the ls later to the hearing ements will be noted antl may beresponded and [o Blair Burroughs,..Special LID Counsel, said this hearing is designatedby statute and is not like that types of hearings. He txplaiantl a u eracesa se an LID end s Sd tbure a rel methods city felt a the tlspecial ec abs efit p method w but in fairest na Lance Ohs citizens benefitted cby ltheeLID would t bed w s the Palrest es those paying for it. Brian Jones of Public Works said the proposed LIB co of approximawithin ely 39 acres. The current zoning designations n far a the Residential th Site Planposed Review and OfficD are e Park-le ly, Plan Ree Family Site Plan Review. The proposed district would be established for the purpose of installing complete standard street improvements, including cubs, putters sidewalks and storm drainage modifications, along those ortions of Silver Lake Road(121st St.S.E.),Silver Lake Drive and SR 527 (19th Ave. S.E.), The city would construct half street improvement on southern half of 121st St..S.E.,and along the west side of Silver Lake or.. A full street improvement along 121st St. hal.and portion aP SR 527 and half street improvement on western o portion PSR 527. The street improvements contemplated under the pro ould be required of any. developments on the property along the osed LID wstreets within the LID boundaries. The owners of Parcels Nos.17,18 and 3 all have some sort of developmentapproval that is Conditioned at least ii part, upon the installation n tallaion of parts of the frontage end 1 m of Parcel No.3 hes also1 an LID covenant. The o of Parcel Nos. 3 and 17 have given enthe imty performance bonds tr the cast oP const egn5 their frontage provemants d the signal aL the in texseettan oP Slvei Lake RoeO and 19tM1 Rve.eS.E. Ocr have gin ohandllllo theclals, the future developers o4 Parcel No. apartment development and their ifro toy improvements.to ntsceetl with tM1elr frontage provemants. The proposed LID would be formed under the resolution of intention p method 4 formation in response to a property owners. petition boendartesn andppaoximately 30 percent of to eropertyaw within the LID encumbered by preezistin tdevelo pert Con f M1e ax not presently 9 pment dations. The preliminary estin.te of the total project cost is P1,565,1..He said staff believes this estimate may be somewhat overs ated and .(I a optimisitc that the actual cost w111 Sr less. He said Schneider Hones, the.future develfper of Parcel No. 11,has agreed to a Lake Rad, ase mento LM1e five simpleifamily M1omes sloop Silver just east of the western city limit.