Laserfiche WebLink
51" Avenue from 65th Street to 69th Street <br />Water Assessment Project <br />Resolution IV: Final Assessment Roll <br />Currently, the annual interest rate, as set by the BCC, is 3.25%. Should benefitting property owners elect <br />to finance the assessment amount in 10 annual payments, the total payments will be $8,782.63, <br />representing $7,450.69 in principal and $1,331.94 in interest. Additionally, benefiting property owners <br />have 90 days from the date Resolution IV is approved to pre -pay the principal assessment amount in full. <br />Benefitting property owners who choose to finance the assessment may also pay the remaining principal <br />at any time. <br />Funding <br />Funds in the amount of $230,971.31 for this project are derived from the Utility Assessment Fund/51St Ave <br />Water Assessment (account #473-169000-21501). Assessment fund revenues are generated from <br />assessment fees paid by the benefitting property owners. <br />DESCRIPTION <br />ACCOUNT NUMBER <br />AMOUNT <br />Utility Assessment Fund/51St Ave Water Assessment <br />473-169000-21501 <br />$ 230,971.31 <br />Recommendation <br />Staff requests the Board of County Commissioners adopt Resolution IV for 51St Avenue from 65th Street to <br />69th Street with a per parcel cost of $7,450.69 and an interest rate of 3.25% for assessment costs. <br />List of attachments <br />1. Resolution No. IV: Final Assessment Roll <br />Page 2 of 2 <br />F:\Utilities\UTILITY- Engineering\Projects -Assessment Projects\OOOAssessments_2019\03 51st Av 65th to 69th St\Admin\BCC_Items\Resolution_4\00_2021-0518 <br />AgendaRes_IV_51stAvenue.dou <br />