Admin Order 58-04-09-F (2) - Laserfiche WebLink

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Public Works Engineering MEMORANDUM Date: March 12, 2004 To: Mayor Torrey and City Council From: ~~ark Schoening, 682-5243 City Engineer, Public Works Department Subject: Indexing of Equivalent Assessment Rates City of Eugene 858 Pearl St Eugene, Oregon 97401 (541)682-5291 (541) 682-5032 FAX www.ci.eugene.or.us On March 20, 2004, public notice will be given under Administrative Order 58-04-09 for the proposed methodology for indexing equivalent assessment rates. Chapter 7 of the Eugene Code contains the general provisions governing the initiation, construction, and assessment for local improvements, including provisions that authorize the deferral or modification of assessment payments, and imposition of a delayed, or equivalent assessment. Under the Code, an owner who purposes to connect property to a City wastewater sewer who has not previously paid a local improvement assessment for that wastewater sewer is required to pay an equivalent assessment prior to the connection being authorized. Similar. provisions for imposition of an equivalent assessment for street improvements are set forth in the Code. Provisions of the Eugene Code also provide that when a local improvement has been constructed and an equivalent assessment is to be imposed, the City Engineer will establish the equivalent assessment rate based on the actual cost of the improvement when it was constructed, plus an indexing factor to bring the historic costs up to date. The administrative order provides for a methodology to index the original construction costs by the Construction Cost Index (CCI) as published by the professional journal Engineering News Record (ENR). Rates are proposed to be adjusted annually on or about April 1, using the methodology. For additional information on the proposed indexing of equivalent assessment rates contact me at 682-5243.