Laserfiche WebLink
<br />e <br /> <br />e <br /> <br />. <br /> <br />is below the $3,800 amount, then these property owners should <br />receive reimbursement after the project area has been <br />completed. In the case of the western area improvement <br />project, this would be very difficult and a great deal of <br />negotiations would be necessary in order to determine precisely <br />what is included within the trunk system (i.e., sanitary sewer <br />lift stations, wells, towers, etc.). Also, the project in this <br />district will not be completed for a number of years until the <br />trunk system gets out to Waco Street. If the cost is lower <br />than $3,800 per acre, the City would then have to mail a rebate <br />(plus interest) to all the property owners in the western area <br />that received a trunk assessment. <br /> <br />On the other side of the issue, I don't believe the City or the <br />developer would find it reasonable to reassess their property <br />if the actual cost of trunk sewer and water was $4,500 per acre <br />when the original assessment amount was $3,800. <br /> <br />Currently the City believes that $3,800 per acre is reasonably <br />accurate for the cost of trunk sewer and water and that this <br />amount can be justified through the assessment process. We <br />don't believe this amount generates a profit, and if this <br />amount is short, we hope that assessment prepayments will cover <br />any shortfalls. We have used this amount in the past and are <br />planning on using this amount in the future and to change this <br />policy, based on the concerns of the developer in one <br />particular district, may have significant ramifications on all <br />future projects. <br />