by Marianne Gasaway
The Clear Lake City Council started the ball rolling with assessment proceedings to help fund the paving and other improvements needed on North 32nd Street to make the area more attractive to developers.
The city plans to spend an estimated $1.7 million to extend concrete from approximately 375 feet north from its Highway 122 intersection another 1,850 feet to the north. At its Monday night Council meeting Consulting Engineer Jason Petersburg reviewed the proposed improvements and preliminary assessment plat and schedule.
The project includes 37-foot wide PCC street pavement, driveways, street lighting, along with substantial water main and storm sewer drainage improvements.
The project will be partially funded by special assessments against the benefitted properties. According to Petersburg, total preliminary estimated assessments are $462,385. The City’s estimated cost is $1,321,055, which is 74.1 percent of the project.
Petersburg explained that to determine the assessment amount the five property owners affected will pay, land values had to be assigned. A study of land improvements on local development projects, as well as the Iowa Codem, provided guidance for determining the value. Ultimately the city set a $2.25 per square foot as the after-improvement assessed value.
The Council will hold a hearing on the proposed resolution of necessity necessaryTo read more of this article, please login or sign up for our E-Edition