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Table 5: Funding Breakdown Summary <br />Funding Source <br />Option 2 Totals <br />Option 3 Totals <br />Special Assessments <br />$119,400 <br />$399,500 <br />City Storm Water Utility Funds <br />$125,200 <br />$125,200 <br />Total <br />$244,600 <br />$524,700 <br />Table 6: Assessable Weighted Area in Sub -Catchment <br />Assessment Breakdown <br />Option 2 <br />Option 3 <br />Total Assessable Weighted Acres <br />24.25 <br />9.13 <br />Assessable Cost Per Weighted Acre <br />$4,923.31 <br />$43,737.67 <br />Table 7: Assessment Summary <br />Option 2 <br />Option 3 <br />Average Assessment <br />$1,148.08 <br />$7,990.00 <br />High Assessment <br />$6,381.57 <br />$26,811.20 <br />Low Assessment <br />$32.16 <br />$1,093.44 <br />Median Assessment (Middle) <br />$520.52 <br />$6,298.23 <br />Mode Assessment (Most Common) <br />$520.52 <br />$2,186.88 <br />VIII. Recommendation <br />Based on the findings presented in this report, Option 2 meets the desired outcome at the lowest <br />estimated cost. These improvements are cost effective, necessary, and feasible from an <br />engineering perspective to resolve the flooding issue on Morton Avenue. Should the City <br />determine these improvements are financially feasible we recommend that the City Council <br />approve this report, call for a public hearing to follow the MS-429 process, and authorize the <br />preparation of final plans and specifications. <br />Prepared by: Bolton & Menk, Inc. <br />Morton Avenue Drainage Study I OR11.127809 <br />Recommendation <br />Page 8 <br />