6.4 Final Cost Subdiv CITY OF SALINA
REQUEST FOR COMMISSION ACTION
4:00 P.M.
1/13/97
AGENDA SECTION: ORIGINATING DEPARTMENT: APPROVED FOR
NO. AGENDA:
6 ENGINEERING & UTILTIES
ITEM
4
NO. ~
BY: Shawn O' Lear BY: ~~---~ F",.
ITEM
The final breakdown has been flied by the City Engineer for Engineering Project 95-938, for street, drainage, water
and sanitary sewer improvements in GICO Addition, Woodland Hills Estates, Valley View Estates, Georgetown
Addition, Addition to the Grounds of Kansas Wesleyan University, Country Club Estates Addition No. 3, Upper Mill
Heights Addition, Riverview Addition (Ash St.), Wallerius Addition, Valley View Addition and Mount Barbara Park
Addition. Only GICO Addition, Woodland Hills Estates, Valley View Estates, Georgetown Addition, Addition to
the Grounds of KWU and Country Club Estates Addition No. 3 involve special assessments. The other areas (Upper
mill Heights Addition, Riverview Addition (Ash St.), Wallerius Addition, Valley View Addition and Mount Barbara
Park Addition include water and sanitary sewer system improvements which were funded with other city funds or
private cash payments.
Project No. 95-938
The total costs of the project are: $1,945,811.13
Property Owner's share = $1,528,648.09
City's share= $ 417,163.04
The majority of the city's share involves utility improvement projects such as the sanitary sewer repairs at Ash and
Ohio and the sewer pump station rehabilitation in Upper Mill Heights Addition as well as the new city park (Oxbow
Park) share of improvements in GICO Addition. The property owners share includes construction costs, engineering
and contingency fees and interest and bonding costs for the public improvements benefiting their properties.
A public hearing on the proposed assessments is to be scheduled for 4:00 p.m. Monday, January 27, 1997.
At the conclusion of the public hearing on January 27, 1997, an assessment ordinance will be introduced for first
reading. The assessment ordinance will be scheduled for adoption on February 3, 1997 and publication on February
5, 1997. ..
On that date the property owners will be mailed a notice giving them an opportunity to pay the principal cost of the
improvement with no interest cost.
March 7, 1997 - the 30 day period ends to pay cash with no interest costs.
March 17, 1997 - the City Commission will be asked to set April 7, 1997 to receive bids on the sale of General
Obligation, Internal Improvement Bonds.
April 29, 1997 - is the scheduled date for bond closing.
?,ECOMMENDATION
It is recommended that the City Commission set Monday, January 27, 1997, for a public hearing on the proposed
~ssessments and instruct the City Clerk to publish a notice of the public hearing, and to mail a notice of the public
aearing to each property owner in the benefit district.
FINAL COST DISTRIBUTION FOR PROJECT No.95 - 938
Total Project:
Total Prepaid (City):
Total Prepaid ( Benefit District):
Total Subject to Bonding:
Engineering & Contingency:
Interest & Bonding:
TOTAL BONDED PROJECT:
Chargeable to City:
Chargeable to Private Property:
$1,650,135.18
$335,829.35
$74,728.00
$1,239,577.83
$193,026.97
$102,648.98
$1,535,253.78
$107,433.89
$1,427,819.89
TOTAL COST
BREAKDOWN PER SUBDIVISION
Before After
Pre-Payments Pre-Payments
Gico: $488,374.27 * $488,374.27
Woodland Hills: $430,852.39 $359,979.69
Valley View Estates: $533,875.85 * $533,875.85
Georgetown: $97,049.68 ** $97,049.68
Grounds of KWU: $20,562.02 ** $20,562.02
Country Club Est.# 3: $39,267.57 $35,412.27
Totals:
$1,609 981.78
$1,535,253.78
* Developer submitted a letter of credit for these subdivision projects.
** No prepayment or letter of credit required for these projects.
DON I-TOFF, DIRECTOI~ OF' ~-t~."'& ~I_ITIES
SUBSCRIBED AND SWORN TO BEFORE ME THIS DAY
,1997.
JUDY LONG, CITY CLERK