Cluster · assessment · FY 2024

Projected special assessment per property for Waco St project.

Every document that mentions this number (1)

• Meeting City Council Meeting — Agenda Packet (2023-10-10)Oct 10, 2023p.62raw: $8,700

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  Projected special assessment per property for Waco St project.

  For this project, it is proposed that 50% of the cost for replacement of the street, concrete curb and gutter, and driveway matching is assessed to the benefitting properties. It is proposed that the City will pay the remaining 50% for the replacement of the street, concrete curb and gutter, and driveway matching and will pay 100% of the drainage improvements, subgrade improvements, base construction and overhead costs. 50% assessment of the replacement costs for the street, concrete curb and gutter and driveway matching yields an assessment amount of $8,700 per property.

  Reasoning: Explicitly described as assessment per property.