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October 1 l, 2007 <br />SUSJECT: Improvement to 6t" Alley between Tyler and Polk <br />INTRODUCTION: <br />In recent months, we have received several petitions for improvement from property owners <br />abutting the above described alley. Petitions received represented 80.6% of fhe total assessable <br />cost. Initiating a special assessment project requires signatures of a majority of property owners <br />as represented by their share of the estimated.cost of the improvement. Of the 80.6% of abutting <br />property owners who responded, 68.1 % of the total assessable cost was in favor of the <br />ixxzprovement. Since this improvement is supported by property owners who represent over 50% <br />of the assessment costs, we will proceed with initiating the project design. <br />The alley improvement will entail construction of a 14-foot-wide concrete alley that provides for <br />the service needs of the area and installing any necessary storm drainage facilities. Most of the <br />improvement costs will be directly assessed to t11e abutting properties. Once a street or alley is <br />improved to City standards, the City will take over long-term maintenance responsibility. <br />COSTS: <br />Improvement costs for alley paving projects are assessed to adjacent property owners according <br />to three factors: zoning, footage abutting the improvement and the square footage of the lot. <br />Higher density zoning is assigned a higher weighting factor (or multiplier) which is then applied <br />to both the frontage and square footage of the lot. <br />Our preliminaiy construction estimate for the alley is $97,033. See the enclosed map and chart <br />for the preliminary cost information estimated for each lot. Assessments will be based on actual <br />construction and engineering costs. <br />The estimate is based on our experience with similar proj ects; however, a design has not been <br />prepared for this alley and there are factors which could influence the cost, such as utility line <br />relocation, the soil type, existing topography, and the constraints of construction in a developed <br />area. Assessments will be based on actual improvement costs. <br />FINANCIAL ASSISTANCE: <br />Assessment bond financing, which allows payment of the assessment in semi-annual or monthly <br />payments over ten years, is avaalable to all property owners. If you have questions regarding. <br />assessment financing or payments, please contact our Finance Depaxtment at 682-5037. <br />