Minutes City Council Monday, January 06, 2020

Office of the City Engineer

The properties to be assessed are registered under assessment roll numbers

090-010-02500 to 090-010-03000 inclusive,

090-010-04400,

090-010-05300 to 090-010-11200 inclusive

Assessment Information:

The adjusted total frontage is 2,681,964 meters from which 374.911 meters are being deducted for the road right-of-way and City owned or assessed properties and 15.17 mctrcs added for special adjustment frontage, leaving a total abutting frontage of 2,322.223 meters, which is equal to the assessable frontage.

The estimated cost to the abutting landowners is $1,262,998. The single payment rate per meter of frontage is $450.81 in accordance with CR554/2019 while the annual special charges rate per meter of frontage for ten (10) years at 2.56% interest is $51.67. Additionally, the estimated single payment rate per property for private drain connection is $3,324.87, while the estimated annual special charges rate per private drain connection for ten (10) years at 2.56% interest is $381.07. The property owners have the right to select either a single payment or the annual special charges over the period of ten years.

The remaining estimated total local improvement works cost is $201,008. The estimated lifetime of the complete work is not less than ten (10) years.

SM/vd