Resolution 2006 - 7 - Laserfiche WebLink

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proposed District is set forth as Exhibit B, attached hereto and incorporated herein by reference. The proposed District is located entirely within the City. 7. The cost of any proposed improvement to be assessed against the property within the District shall be apportioned against such property in accordance with the benefits accruing thereto by reason of such proposed improvement. 8. The proposed method of assessment is for the cost to be assessed against the property in an equal amount per platted lot based upon a total of 265 platted lots. 9. For purposes of determining the method of assessment, each property address within the District as shown on Exhibit A shall be deemed to be one (1) platted lot, except that: a) The property at 420 Midvale Avenue shall be deemed to be sixteen (16) platted lots, b) The property at 7393 Pershing Avenue shall be deemed to be four (4) platted lots c) The property at 7200 Delmar Blvd. shall be deemed to be three (3) platted lots d) The property at 7286 Creveling Drive shall be deemed to be three (3) platted lots e) The property at 7228 Creveling Drive shall be deemed to be two (2) platted lots t) The property at 536 Overhill Drive shall be deemed to be two (2) platted lots g) The property at 7390 Kingsbury Boulevard shall be deemed to be one half (112) of a platted lot h) The property at 7392 Kingsbury Boulevard shall be deemed to be one half (112) of a platted lot 10. The Subdivision estimates the cost of the proposed improvement in paragraph 5 is $728,000. 11. The petitioners agree to the establishment of a maintenance fund for the benefit of the subdivision for the application of a second layer of chip seal to all streets as indicated in paragraph 5(t), which application shall occur after payment in full of assessments against the real property within the District but not before a maximum time period of fifteen years. 12. The final cost of the proposed improvement shall not exceed twenty-five percent of the estimated cost provided in paragraph 10. 13. The final cost for the proposed improvement shall not exceed $910,000. 14. The petitioners agree that the final cost of the proposed improvement assessed against the property within the District shall not exceed a maximum total final cost of $3,433.96 per platted lot. 15. The Subdivision Trustees are authorized to construct and manage the project improvements, prepare the preliminary plans and specifications, prepare the costs estimates, and complete the construction of the project improvements in accordance with the plans and specifications. 16. At the completion of the proposed improvement in paragraphs 5(a) through 5(e), the City is authorized to compute the final cost of the proposed improvement and to assess each property owner for the final cost of the proposed improvement, not to exceed a maximum of $3,433.96 per platted lot.