Laserfiche WebLink
<br />Staff is seeking direction from City Council regarding assessment amounts to private property owners. The <br />estimated assessment to property owners from the May 2020 LORE Feasibility Summary was $3,802 per unit, with <br />180 units eligible for assessment. The assessment could not exceed this amount but could be determined to be less <br />once the project was completed. <br /> <br />All state funds have already been spent on the project. The remaining balance can be paid for by Active Elk River <br />funds, city contribution, lakeshore property assessments, or a combination of some/all of these. Active Elk River <br />funds that are not spent on the LORE project could be used on other approved Active Elk River projects. <br /> <br />City staff is looking for direction from Council on how to proceed. <br /> <br />Financial Impact <br />LORE project budget <br /> <br />Mission/Policy/Goal <br />Meet changing needs - Agile <br /> <br />Attachments <br /> None <br /> <br /> <br />N:\\Public Bodies\\Agenda Packets\\06-21-2021\\Final\\x9.1 sr LORE project and budget update.docx <br />