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Below are a number of examples on how the total cost of the project could be split up <br />between the property owners and the city. Also attached are sample assessment <br />schedules as prepared by Assistant City Administrator Lori Johnson. <br /> <br /> Examples <br /> <br /> $750,000 Total Project <br /> <br /> 160 Property Owner Assessment Units <br /> 26 City Owned Land Assessment Units <br /> <br />$2,000/assessable unit <br /> <br />$2,200/assessable unit <br /> <br />$2,350/assessable unit <br /> <br />$2,500/assessable unit <br /> <br />$3,000/assessable unit <br /> <br />186 units @ $2,000 = $372,000 <br /> * Property owners share = $320,000 <br /> · City Share = $52,000 <br />Additional city contribution = $378,000 <br /> <br />Total city participation (including assessments) = $430,000 <br />Total property owners expense (excluding city) -- $320,000 <br /> <br />186 units @$2,200 = $409,200 <br /> · Property owners share = $352,000 <br /> · City share -- $57,200 <br />Additional city contribution = $340,800 <br /> <br />Total city participation (including assessments) = $398,000 <br />Total property owners expense (excluding city) = $352,000 <br /> <br />186 units @$2,350 = $437,100 <br /> · Property owners share = $376,000 <br /> · City share = $61,100 <br />Additional city contribution = $312,900 <br /> <br />Total city participation (including assessments) = $374,000 <br />Total property owners expense (excluding city) -- $376,000 <br /> <br />186 units @$2,500 -- $465,000 <br /> · Property owners share-- $400,000 <br /> · City share = $65,000 <br />Additional city contribution -- $285,000 <br /> <br />Total city participation (including assessments) -- $350,000 <br />Total property owners expense (excluding city) = $400,000 <br /> <br />186 units @$3,000 = $558,000 <br /> · Property owners share = $480,000 <br /> · City share -- $78,000 <br />Additional city contribution = $192,000 <br /> <br />Total city participation (including assessments) = $270,000 <br />Total property owners expense (excluding city) = $480,000 <br /> <br /> <br />