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HomeMy WebLinkAboutIR 7193 INFORMAL REPORT TO CITY COUNCIL MEMBERS No.- 7193• 0 OPT In,. May 19, 1987 01`06. �QE48RT��_ To the Mayor and Members of the City Council Subject: ASSESSMENT PAVING POLICY: ALTERNATE RECOMMENDED CHANGES /!73 On Tuesday, May 12, 1987, Informal Report No. 7191 (attached) was presented to the City Council explaining a proposed change in concept regarding the assessment paving program. At the Pre-Council meeting on that date, the I.R. represented a "working recommendation" that was still under review and evaluation by staff. Council members were urged to submit their comments, concerns or questions about the concept to staff so that a more detailed discussion could occur during the May 19 Pre-Council session. Some questions were raised at the Pre-Council session, and a continuing evaluation by staff has resulted in a more streamlined process which will reduce the number of categories from six (in I.R. 7191) to four (see attached Alternate Recommendation dated may 15, 1987) . The recommended policy delineated in the Alternate Recommendation dated May 15, 1987, should be easier for citizens to understand and would move the projects forward so that the Capital Improvement Program projects could be completed closer to the original schedule. Two charts are attached that illustrate the differences in the two recommendations. (The first chart was given to the Council at the May 12 Pre-Council meeting, and the second , dated May 15, 1987, shows the Alternate Recommended Changes.) 0"k Certain questions were raised by Council members and others in response to the brief presentation last Tuesday. One question in particular was raised about the financial impact of the recommended policy. Transportation and Public Works Department staff have performed a detailed computer analysis on every project in the $41.125 million local street reconstruction program of the 1986-88 CIP. The analysis shows that the net effect to the $4.5 million of Community Development Block Grant (CDBG) funds budgeted for the program will be virtually zero. Where it had been estimated that $4.5 million would be required to cover the CDBG share of the projects , the analysis indicates that the amount of CDBG funds under the Recommended Alternative would be approximately $4.375 million (and that minor inflation could raise that to the $4.5 million) . Under the proposed policy, adjacent residential property owners would be assessed approximately $1,400,000 less than under the existing policy. This amount will not be returned to the Assessment Paving Revolving Fund, and the balance in that fund at program completion will be reduced by that amount. This reduction is the equivalent of approximately 3% of the total program cost. The $1,400,000 reduction in assessments represents the net change for this bond program from the recom- mendations of the two citizen's committees on streets. Other questions related to how quickly the process can move forward and the effect on the CIP schedule. Progress on the specific projects listed in the CIP requiring assessments was so slow that it would be difficult to predict a completion date. The 1986-88 CIP lists 182 streets to be constructed/ reconstructed. In the first year of the program, one project, Paradise Street, has been processed through the benefit hearing , and fifteen others LISSUED BY THE CITY MANAGER FORT WORTH, TEXAS