6.1.A. SR 12-18-2006 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I I Irving Avenue Area Informational Meeting December 7,2006 _H _ _dd Page 3 A; It was our intent to make direct contact with St. Andrew's after this meeting. If you would like to leave your name and contact information, we would be happy to meet with you to discuss timing of construction and also, needs adjacent to the school property;- -------- ---.-- __u_ ----- _u___._ .-------- ---- - ------ --.- -.-.------- - Q: Why are the construction costs not covered entirely by city taxes? A:. The City Council has considered this funding option, but decided that each property should be assessed at the time their street is reconstructed. If it was paid through a general tax on the city as a whole, you would never stop paying for street construction, although you may be paying for streets that you never drive on. Q: Would the assessment area be expanded to include areas that actually drive on Irving Avenue? A; No, the assessments are tied directly to the increase in property value. It would be impossible to provide proof that property values have increased when the street in front of the property assessed is not reconstructed. Q: There was a previous assessment approximately 20-25 years ago. -Why are we be~g assessed again? A; That was an area-wide storm sewer assessment for a trunk storm sewer improvement that was not a street assessment. The two assessments are for different types of improvements. Q: Why does the project stop at 4th Street and not go further down to 3rd Street and Railroad Drive? A; The City Community Development Department is currently working with a Task Force on redevelopment plans for this area north of Highway 10. It was determined that it did not make sense to look at reconstructing the streets in that area until the planning process is completed to determine what the long term vision is for that area. . - - - - .- Q: Can assessment payoff length be increased? A; It is not likely that the Finance Department would support extending these assessments beyond a 10-year period. If we did extend it beyond a 10-year period, the amount of interest paid through the life of the assessment would increase drastically. Q: Will we be assessed for any of the watermain improvements? -. - - - - - -- A:. No, the watermain improvements will be funded by the Elk River Municipal Utilities. Q: Will a drop in the project cost reduce the assessment if sidewalks are eliminated, or if the bid comes in better than expected? A; No. The assessment will be on a unit cost basis with the City picking up the remainder. The estimated numbers I have shown this evening predict that the City