012094 CC WS AgP
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TO: Mayor & City Council
DOH:
James C. Hurm, City Administrator
DATE:
January 20, 1994
RE:
Special Assessment - Work Session
This memo is intended to put into perspective what we estimate our
street needs to be and the dollars we have actually set aside. Joel
is preparing graphs which will show what a lesser special
assessment for collector "MSA" streets would mean our general
taxing effort. This will be presented at the work session.
Projected Levied
"Tax Dollar"
CAveraqe Year)
Actual for 1994
& Planned in elP
Patching
$35,500
$30,000 in 1994
operating budget
Seal Coating
(3 x in 40-45 yrs)
26,500
35,000* in 1994
operating budget
80,000 CIP set aside for
1994 thru 1998
Overlay
(2 x in 40-45 yrs)
Rebuilding:
(every 45 yrs)
83,000
no sp. assess.
10% assessed
20% assessed
33% assessed
50% assessed
$568,000
490,000
413,000
309,000
179,000
$150,000 CIP set aside 1994
170,000C~P set aside 1995
190,000 CIP set. aside 1996
210,000 CIP set aside 1997
230,000 CIP set aside 1998
* Because seal coating had not been done for a number of years,
more was set aside for seal coating.
JH/tln
12094.3
dB