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HomeMy WebLinkAbout1984-01-17; City Council; 7612; Authority to Establish Cynthia Lane AD* 2% mf- CIT’- -3F CARLSBAD - AGENDb JILL u- kB# 26 12 TITLE: REQUEST FOR AUTHORITY l/17/84 TO ESTABLISH MTG. CYNTHIA LANE ASSESSMENT DISTRICT DEPT!NG (CONTRACT NO. 3161) RECOMMENDED ACTION: U‘ Direct staff to proceed to prepare Assessment District Documents for the ' establishment of the Cynthia Lane Assessment District and adopt Resolution No.7+'73.appropriating and transferring funds for the costs of district setup and engineering costs. ITEM EXPLANATION: Engineering has received petitions from the property owners in the area of the extension of Cynthia Lane, east of Gregory Drive. A majority of the affected property owners have indicated an interest and willingness to participate in an Assessment District Proceeding. The improvements would involve paving, storm drains, sewers, street lights, and water service. Staff will be soliciting Consultants' proposals to perform cost assessments, prepare plans and specifications, and perform all necessary assessment engineering. Attached is a sketch which indicates a possible boundary configuration. However, the final boundary and assessment will be reported to Council in the Engineering Report required by the Assessment District Proceedings. Costs for right-of-way are anticipated to be included in the assessments to more equitably distribute costs. FISCAL IMPACT: The costs are as follows: Preliminary Assessment and Engineering Costs $30,000 Construction Costs 95,000 TOTAL $125,000 Property owners will have the cost bonded for repayment over a lo-year period. The initial costs ($30,000) should be paid from Account No. 30-18-40-3161 (Cynthia Lane Assessment District) and later reimbursed upon the issuance of the bonds. That amount of $30,000 is requested to be transferred from the Undesignated Fund Balance Account No. 30-00-00-0941, which has $614,462 in it at this time. EXHIBITS: 1. Preliminary Assessment Diagram. 2. Resolution Nor + appropriating and transferring funds for the costs of of district se F=- up and engineering costs. ,- LOCATION MAP DISTRICT BOUPJDA CITY MAP BOOK PAGE 2 PROJECT NAME PRELIMINARY CYWHIA LANE ASSESSMENT D/ST#lCT. PROJ. NO. EXHIBI’ 3161 ’ 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 7473 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, AUTHORIZING THE FUND TRANSFER AND EXPENDITURE OF FUNDS FOR THE FORMATION OF THE CYNTHIA LANE ASSESSMENT DISTRICT - CONTRACT NO. 3161. BE IT RESOLVED by the City Council of the City of Carlibad, California, as ~0110ws: 1. That City staff is directed to proceed to prepare Assessment District locuments for the establishment of the Cynthia Lane Assessment District. 2. That the fund transfer of $30,000 from the Undesignated Fund Balance kcount No. 30-00-00-0941 to the Cynthia Lane Assessment District Account No. 10-18-40-3161 is hereby approved. PASSED, APPROVED AND ADOPTED by the City Count California, at a regular meeting held the17th day by the following vote, to wit: il of the City of Carlsbad, of January , 1984, AYES: Council kkn&rs Casler, Lewis, Kuld~in, Chick and Prescott NOES: None ABSENT: None \TTEST: SEAL) 3