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<br />Eligible Project Costs shall be detailed on Exhibit B of the signed Petition, Waiver and <br />Agreement and approved by City Staff or the City Council prior to any work being <br />completed. Any expenses that are determined, by City staff or the City Council, that are <br />not required to facilitate the service repair, will be deducted from the requested amount. <br /> <br />All permit fees and any escrow money required by said permits will not be eligible for <br />reimbursement. <br /> <br />4. Approval and Terms of the Assessment <br /> <br />Petitions shall be limited to a minimum request of $3,000 and a maximum request of <br />$40,000 for residential uses and $75,000 for all other uses. The City Administrator shall <br />have the authority to approve all petitions up to $20,000. Those petitions above $20,000 <br />will require the approval of the City Council. <br /> <br />All qualified expenses, reimbursed by the City, will be levied as a special assessment <br />against the property, pursuant to the Petition, at the current bonding interest rate available <br />to the City plus a 1.5% administrative fee. The final rate will be determined at the time <br />of petition signing. The term of the assessment will be as follows: <br /> <br /> $3,000 to $10,000 Up to 5-years <br />$10,001 to Max Up to 10-years <br /> <br />5. Special Circumstances <br /> <br />Special circumstances will be evaluated on a case-by-case basis by city staff, the City <br />Administrator, or the City Council. <br /> <br /> <br /> <br /> <br /> <br /> <br />GP:3301030 v1 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />