8.4. SR 04-15-2013 - Laserfiche WebLink

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The fees are estimated to generate approximately $1.40 to $1.45 million annually. The resulting impacts to the proposed Pavement Management and Street Improvement Reserve Funds are shown on the attached CIP analysis pages. Previously Assessed Properties This new funding mechanism would give funding consideration property owners who were recently charged a street assessment. All properties with gas and electric service in the city would be charged a franchise fee on their bills starting in July of 2013. Property owners still paying a street assessment would receive an annual rebate of the franchise fees paid that year. Rebates would apply whether assessments were prepaid or paid annually, and would be offered through the end of the adopted assessment term. Rental properties, which also qualify for rebates, would need to be in the name of the property owner, not a tenant. To qualify for the rebate, the property owner would present the attached rebate form and copies of their gas and electric bills, and be refunded the amount paid toward the franchise fee for the year. This policy and rebate form will be mailed to all property owners who would qualify for the rebate. FINANCIAL IMPACT An analysis of both the proposed Pavement Management Fund and existing Street Improvements Reserve Fund are attached. Program start -up will require a transfer from the Street Improvement fund to seed the Pavement Management Program Fund and complete the 2013 Street Improvement project. The Street Improvement Fund will remain in place to serve for new construction, boulevards, planned intersection enhancements projects, and the outstanding debt service on previous projects. The Pavement Management Program Fund and will only be used for street reconstruction and overlays. ATTACHMENTS ■ Communication Brochures — Residential and Commercial • Blob responses and written comments • Connexus Energy Franchise Ordinance • ERMU Franchise Ordinance • Electric Fee Ordinance • Centerpoint Fee Ordinance • Street Improvement Reserve Fund CIP Analysis • Pavement Management Fund Fee Analysis • Fund Transfer Resolution paw IRLa 0 NAT- URA Monthly Fees Yearly Fee Residential Properties $9.00 $108.00 Small C /I, Volume A (Gas) $29.00 $348.00 Small C /I, Volume B (Gas) $41.00 $492.00 General Commercial, Volume C (Gas) $120.00 $1,440.00 General Commercial, Dual Fuel (Gas) $140.00 $1,680.00 Large C /I, Dual Fuel (Gas) $170.00 $2,040.00 The fees are estimated to generate approximately $1.40 to $1.45 million annually. The resulting impacts to the proposed Pavement Management and Street Improvement Reserve Funds are shown on the attached CIP analysis pages. Previously Assessed Properties This new funding mechanism would give funding consideration property owners who were recently charged a street assessment. All properties with gas and electric service in the city would be charged a franchise fee on their bills starting in July of 2013. Property owners still paying a street assessment would receive an annual rebate of the franchise fees paid that year. Rebates would apply whether assessments were prepaid or paid annually, and would be offered through the end of the adopted assessment term. Rental properties, which also qualify for rebates, would need to be in the name of the property owner, not a tenant. To qualify for the rebate, the property owner would present the attached rebate form and copies of their gas and electric bills, and be refunded the amount paid toward the franchise fee for the year. This policy and rebate form will be mailed to all property owners who would qualify for the rebate. FINANCIAL IMPACT An analysis of both the proposed Pavement Management Fund and existing Street Improvements Reserve Fund are attached. Program start -up will require a transfer from the Street Improvement fund to seed the Pavement Management Program Fund and complete the 2013 Street Improvement project. The Street Improvement Fund will remain in place to serve for new construction, boulevards, planned intersection enhancements projects, and the outstanding debt service on previous projects. The Pavement Management Program Fund and will only be used for street reconstruction and overlays. ATTACHMENTS ■ Communication Brochures — Residential and Commercial • Blob responses and written comments • Connexus Energy Franchise Ordinance • ERMU Franchise Ordinance • Electric Fee Ordinance • Centerpoint Fee Ordinance • Street Improvement Reserve Fund CIP Analysis • Pavement Management Fund Fee Analysis • Fund Transfer Resolution paw IRLa 0 NAT- URA