Fiscal Note
The proposed resolution assesses the final charges for the Commerce Drive and Watts Road Traffic Signal Assessment District. The total cost of the assessment is $81,253. Property owners will pay $67,868, and the City will contribute the remaining balance of $13,385. Funds are available in the Traffic Signal Infrastructure capital project.
Title
Assessing Benefits - Commerce Drive and Watts Road Traffic Signal Assessment District. (9th AD)
Body
WHEREAS, the construction of improvement(s) on Commerce Drive and Watts Road Traffic Signal Assessment District has been completed; and,
WHEREAS, it has been determined that the abutting property is to pay the amount per the attached schedule of assessments.
NOW, THEREFORE, BE IT RESOLVED, that the sums so charged to the abutting property be and are hereby assessed and levied upon said property payable by the owners of the lots or parcels of land benefited as determined by the Board of Public Works, and in accordance with its recommendations, the amount so charged to each of the lots or parcels of land so benefited being as follows, to wit: