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#3A Waiver of special assessments for Willow Glade DEPARTMENT OF PUBLIC WORKS MEMORANDUM ENGINEERING DIVISION April 30, 2009 TO: City Council FROM: Margaret Duerr, Engineering Division SUBJECT: For Council Consent Agenda on May 26, 2009, Waiver of Procedure for Special Assessments for storm sewer, sidewalk and street lighting charges for: Willow Glade - Jack Willow Investments . Staff Recommendation The Engineering Division recommends approving this item along with other consent agenda items. Request Jack Willow Investments requests to waive the special assessment procedure for Subdivision Plat – Willow Glade and allow these assessments the use of the 5-year payment plan. Background The final subdivision plat creating new lots requires payment of land division assessments for storm sewer, sidewalk and street lighting. The storm sewer charges are based upon the rate of $9,290.00 per acre over the entire area of the subdivision. The sidewalk and street light charges are based upon an estimate of installation costs by the Engineering Division. The developer has requested to waive the special assessment procedure. Land division assessments are eligible for use of the 5-year payment plan. Henry Londo of Jack Willow Investments, the developer, has signed the necessary waiver document agreeing to the assessments and allowing the charges to be spread over five years with interest at 7.00% on the unpaid balance. Willow Glade will be presented to the Council on May 26, 2009, with approval of the plat recommended by the Plan Commission. The proposed waiver must be approved before the subdivision plat can be signed and recorded. The following chart shows land division assessment charges: Subdivision Plat Owner/Developer Total Assessments: Willow Glade Jack Willow Investments $39,660.29 Storm Sewer Sidewalk Street Light $21,599.25 $12,983.54 $5,077.50 Jack Willow Investments’ current outstanding assessment balance is $55,020.96 for lots in Heider Estates Second and Third Additions. The cumulative total is $94,681.25. CC: Eric Levitt Jacob J. Winzenz Mike Payne \\petey\COJHome\Agenda Review\Approved Agenda Items\2009\5-26-2009\Willow Glade Waiver Memo.doc