4.2. SR 02-12-2001 - Laserfiche WebLink

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have to start prior to us. They can do some work around the King and Main site and maybe take the lead on the sidewalk removal on the north side. A rash of poor weather that would limit construction activity could hamper a tight construction time frame, but we think we are safe in saying everything should be completed by mid June. Staff wanted to have a meeting or two with the HRA on costs and assessment options prior to having the neighborhood meeting with the downtown business and property owners. In this manner, in addition to the product and the design for the sidewalks, we could also discuss assessments. Based on the scenarios laid out by the city engineer, it is staffs opinion that a combination unit and front footage assessment approach is the best and fairest for downtown property owners. Either way, the city is a significant property owner and will receive assessments for this project. What amount to assess is a judgment call for the City Council and I-IRA. A certain minimum amount needs to be assessed in order to cover the administration/engineering cost for going through the assessment process while assessing too much could spark opposition to the project by the property and business owners. "Hard feelings" shouldn't develop when we assess only 15 to 20 percent of the cost of a project, but it could happen. Where the balance exists will be anyone's guess. The three assessment options show revenues being received that range from $42,900 to $58,500. As noted in January, the HRA's share of the project will be paid off over time and will be funded via an internal loan from one of the city's reserves. In this manner, there will still be some HRA funds available on an annual basis for other projects. If no other projects arise, the HRA can pledge more monies to the repayment of the sidewalk project in any given year.