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Commission approves sidewalk/curb program financing and project contracts; assessments to be levied to properties
Summary
The commission authorized note issuance to finance 2024 curb/sidewalk work, approved related contracts and confirmed the assessment model that places repayment on property tax bills over a 10-year period.
The commission approved measures on June 30 to finance and continue the city’s sidewalk, curb and gutter program and to confirm associated contracts.
Council authorized issuance of bond anticipation notes in a maximum aggregate principal sum of $1,140,600 to fund sidewalk, curb and gutter construction for the 2024 program; the city manager explained the municipal practice: the city’s contractor performs the work, the city pays contract invoices up front and the city assesses the costs to benefitting property owners. Staff said assessments are now spread over 10 years (the city changed from a five‑year assessment because concrete prices rose), reducing annual tax‑bill impacts for individual property owners.
The mayor and manager noted property owners may elect to have private contractors perform work themselves provided the contractor meets city specifications and pulls required permits; otherwise the city’s contracted program will proceed and the cost will be assessed to the property. A companion ordinance authorized construction contracts for resurfacing and other public-works projects (separate items on the consent/ordinance list passed by roll call), and commissioners instructed staff to provide contact information for property owners with questions about scheduling, costs and permits.
The vote on the bond anticipation note and associated contracts passed by roll call; staff said payments will be collected through property tax assessments and will be used to pay down the note as receipts are collected.
