Loading...
HomeMy WebLinkAbout1997-15 Arterial St. Fund Exp.RESOLUTION "O. 97- A RESOLUTION SETTING FORTH POLICIES ON EXPENDITURE OF MONIES FROM THE ARTERIAL STREET ASSISTANCE ACCOUNT IN THE CAPITAL IMPROVEMENT FUND. The City Council has established an Arterial Street Assistance Account in the Capital Improvement Fund from an increase in the Transportation Utility Fee estimated at $50,000 annually; and The purpose of the account is to assist owners of residentially-zoned property abutting arterial or collector streets designated on the Comprehensive Plan for the added costs over and above the costs of a standard residential street. THEREFORE, THE MAYOR AND CITY COUNCIL OF THE CITy' OF ASHLAND DO RESOLVE AS FOLLOWS: SECTION 1. Account Established. An Arterial Street Assistance Account (account) is established in the Capital Improvement Fund from an increase in the Transportation Utility Fee of 37¢ for single family dwellings and 28¢ for multi-family dwellings. SECTION 2. Purpose. The purpose of the account is to pay for the added costs of arterial, sub-arterial, collector and sub-collector streets as identified in the Ashland Comprehensive Plan, over and above the costs of a standard residential street. Included are the following added costs: (a) Extra pavement width or depth for additional lanes, truck traffic or industrial use; (b) Extra sidewalk width where more than the neighborhood is served and where sidewalk width exceeds four (4) feet; (c) In addition to the current policy of matching 25% of the costs of sidewalks in any LID, an additional 25% of the cost of sidewalks may be provided by the council from this account, but such additional 25% may be provided to non-arterial projects where there are extenuating circumstances justifying the additional funds, with priority remaining for arterial streets. (d) Over-sized storm sewers which serve more than the project area; (e) One-half of traffic-calming measures; (f) Other features not required on typical residential streets. PAGE 1-ARTERIAL STREET ASSISTANCE RESOLUTION (f:resolutio\arterial.res) SECTION 3. Standard Residential Street Cost. The standard cost of a typical residential street in 1996 dollars is established at $135.00 per linear foot, which should be adjusted on July '1 of each year by the Engineering News Record (ENR) index of construction costs. The ENR as of July 1, 1996 was 5596.94. SECTION 4. Outside Agency Contributions. Financial assistance from agencies such as Jackson County, or the State or Federal government, shall not reduce the amount of project costs advanced from the Arterial Street Assistance Account. SECTION 5. Priority for Expenditure of Monies. Allocation of monies from the Arterial Street Assistance Account shall be on a first-come, first-served basis, and shall be limited to the unallocated monies on hand at the time of the formation of a Local Improvement District in which a street described in Section 2 is included and will be improved. SECTION 6. Eligibility for Expenditure of Monies. Only those properties zoned and used for residential purposes including vacant properties, shall be eligible for a reduced assessment. Schools, parks and non-profit organizations would be fully assessed unless reduced by the City Council, and provided that monies for such reduction would be from other resources. SECTION 7. The effective date of this resolution shall be July 1, 1997. This resolution was read by title only in §2.04.090 duly PASSED and ADOPTED this // t//] ~, ~ Barbara/~'. Christensen, City Recorder Sl6NED and APPROVED this ~ day of accordance with Ashland dayof ~/~i,/ 1997. Municipal Code ,1997. Catherin~;/IVl. Golden, Mayor -~' Reviewed as to form: Paul Nolte, City Attorney PAGE 2-ARTERIAL STREET ASSISTANCE RESOLUTION (f:resolutio\arterial.res)