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5.1b Levy 2008 Special Assessments CITY OF SALINA REQUEST FOR CITY COMMISSION ACTION DATE TIME 05/11/2009 4:00 P.M. AGENDA SECTION NO: 5 ORIGINATING DEPARTMENT: APPROVED FOR AGENDA: DEPARTMENT OF PUBLIC WORKS ITEM NO. Page 1 1b BY: Dan Stack BY: ITEM: Ordinance No. 09-10499 Conduct Public Hearing on 2009 Special Assessment Projects. First reading of Ordinance No. 09-10499 levying special assessments for streets, drainage, water, and sewer improvements for the 2009 Special Assessment Projects. BACKGROUND: On April 27, 2009, the City Commission received final breakdown of costs for the 2009 Special Assessment Projects. Following review of the projects, the City Commission scheduled a public hearing for May 11, 2009 and instructed the City Clerk to publish a notice of the public hearing to each property owner within the benefit districts. These projects were complete in 2008. A summary of finances for each project is shown below: Project Property Owners Share City Share Total Cost West Diamond Drive $ 625,717.74 $145,168.76 $ 770,886.50 Project No. 06-1593 Eaglecrest Twinhomes $ 594,201.07 $ 8,689.86 $ 602,890.93 Project No. 07-2662 Quail Meadows Estates, Phase IV $ 931,831.04 $ 0.00 $ 931,831.04 Project No. 07-2664 Red Fox Addition $ 639,259.48 $ 0.00 $ 639,259.48 Project No. 08-2678 TOTALS $2,791,009.33 $153,858.62 $2,944,867.95 Of the City share listed above, $91,146.39 is truly City at large. The remainder is Cost Recovery areas where the City will recover when those areas develop. The public hearing is intended to receive input from interested parties and particularly property owners within the special assessment benefit district. The primary issue at this point in the process is not whether the special assessments should be levied against the properties, but rather that the final costs have been properly calculated and distributed. A summary of key dates in the process are as follows: May 11, 2009 May 18, 2009 May 21,2009 Public Hearing on proposed assessments City Commission passes Assessment Ordinance on first reading City Commission adopts Assessment Ordinance on second reading Publish Assessment Ordinance Distribute final assessment statements to property owners; begin pre-payment period. 30-day pre-payment period (without interest) expires Bond Sale Date June 22, 2009 July 13, 2009 CITY OF SALINA REQUEST FOR CITY COMMISSION ACTION DATE TIME 05/11/2009 4:00 P.M. AGENDA SECTION NO: 5 ORIGINATING DEPARTMENT: APPROVED FOR AGENDA: DEPARTMENT OF PUBLIC WORKS ITEM NO. Page 2 1b BY: Dan Stack BY: FISCAL NOTE: This action sets the foundation for the final determination of assessments after the public hearing. The assessments so determined will playa significant role in retirement of the associated debt over the next 15 years. COM FORMANCE WITH STRATEGIC PLAN: Goal 3: The City will provide the highest quality of services, consistent with governing body direction, available resources and staff commitment to quality. RECOMMENDED ACTION: Approve on first reading Ordinance No. 09-10499 levying special assessments for street, drainage, and utility improvements for the 2009 Special Assessment Projects.