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Consent #7 Waiver for CSM 07003 DEPARTMENT OF PUBLIC WORKS MEMORANDUM ~ ENGINEERING DIVISION May 15, 2007 TO: Herb Stinski, Director of Administrative Services/ Assistant City Manager FROM: Christina Betz, Engineering Manager C, \ '0 SUBJECT: For Council Agenda on May 29, 2007, Waiver of Procedure for Special Assessments for storm sewer, sidewalk and street light charges for CSM 07003 - Boettcher. The final certified survey creating lots and blocks triggers charges for storm sewer, sidewalk and street lighting. The storm sewer charges are based upon the rate of $9,245.00 per acre over the entire area of the survey. The sidewalk and street light charges are based upon an estimate of installation costs by the Engineering Department. These charges may be spread over a period of five years with interest like all other special assessments for public improvements when approved by City Council. The owner/developer must sign a waiver of special assessment procedure thereby agreeing to the charges and thus allowing them to be spread over five years. CSM 07003 was presented to the Council on 5/14/07, with approval of the survey recommended by the Plan Commission. The proposed waiver must be approved before the survey can be signed and recorded. David Boettcher, the developer, has signed the necessary waiver form which allows the charges to be spread over five years with interest at 7.25% on the unpaid balance. The Clerk's Office has these documents. The following chart shows assessment charges: CSM CSM 07003 Owner/Developer David Boettcher Storm Sewer $5,704.17 Sidewalk $7,217.73 Street Liq ht $1,246.03 cc: Jack Messer