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Cluster · assessment · FY 2019
Projected total special assessment to be levied on benefitting properties for Jasper Street Improvement project.
Not promoted to the official baseline.
This cluster is useful evidence for review. It does not drive the budget simulator until an admin confirms the amount against an official source and promotes it.
Corroboration
1docs
Consensus
0%
Votes attached
0
Date range
2020-01-14 — 2020-01-14
Projected total special assessment to be levied on benefitting properties for Jasper Street Improvement project.
The cost for improving Jasper Street is proposed to be partially assessed to the benefitting properties. For this project, the recommended assessment method is to assess the benefitting properties on a per unit basis. We have identified 27 units that receive direct access and will receive benefit from the proposed improvements. We understand that the city proposes to partially finance this project by obtaining a bond. The City will work with its financial advisor to determine the bond amount and terms. The total estimated cost to be assessed to the benefitting properties is $195,480. The total estimated cost to be paid by the City is $195,480.
Reasoning: Explicitly labeled as the assessment amount.