4.1. SR 06-02-1997 - Laserfiche WebLink

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PROJECT AND DESCRIPTION COUNTRY CROSSING 3RD OUTLOTS: Installation of lateral sewer and water, storm sewer, and street lighting and reconstruction of rural streets to urban standards. JARVIS STREET: Expansion and reconstruction of the street from highway 10 to 156th Avenue. HIGHLAND AVENUE SIDEWALK: Construction of a sidewalk from Jackson Avenue to Proctor Avenue on either the north or south side. HIGHLAND AVENUE: Reconstruction of Highland Avenue at the curve near Jackson Avenue to provide better sight lines for traffic movement. COST AND FINANCING $490,000 - This project was petitioned for by a developer. The developer will pay 50% of the street and storm sewer improvement project including the cost of the street lights. The share of the street and storm sewer that is not paid by the developer will be assessed out to the benefited property owners. The city may contribute to the street part of the project from its capital projects reserve. The developer will also finance his prorated share of the costs for the sewer and water. The city will "hold" the balance of the sewer and water costs ($118,600) until the benefited property owners decide to hook up or a larger project affecting their neighborhood is approved by the Council. These costs will be held in the city capital project reserve. $98,000 - The entire cost will be assessed out to benefited property owners and no city contribution is anticipated. $55,000 - The city will finance this project through use of its capital projects and/or street reserves. Some assessments to the benefited property owners may be considered by the City Council. $ ¥ - The project will be financed entirely with city capital projects or street reserves. Capital Improvement Program (CIP) Year - 1997 Page 7