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1986-027-RES WHEREAS, the City Council of the City of Paris did heretofore receive a request for additional water
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1986-027-RES WHEREAS, the City Council of the City of Paris did heretofore receive a request for additional water
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8/18/2006 4:34:37 PM
Creation date
6/1/2005 4:34:58 PM
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CITY CLERK
Doc Name
1986
Doc Type
Resolution
CITY CLERK - Date
3/24/1986
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<br />""SIS FOR ASSESSING REFUNDS <br /> <br />PUBLI C HEAR I NG <br />FOR <br />FITZHUGH, STILLHOUSE ROAD, LOOP 286 N,E, <br />PRO RATA WATER MAIN EXTENSION <br />March 24, 1986 <br /> <br />1. The Pro Rata Share of Cost for the L,P, McCuistion Regional <br />Medical Center shall be 28% of the total cost of construction, <br />engineering, inspection and project administration to a maximum <br />of $20,000,00. <br /> <br />2, The Pro Rata Share of Cost for properties located South of Loop <br />286 shall be 60% of the total cost of construction, engineering, <br />inspection and project administration, Refunds due for this <br />section shall be paid based upon the potential commercial or <br />residential use of the property and upon the lot frontage <br />adjacent the Project, <br /> <br />Owners benefiting from service available to property with <br />conmercial potential shall refund the equivalent of 60% of the <br />cost of constructing a ten inch (10") water main from point A to <br />point C, as shown on the property owners map attached hereto, <br />less that cost to be refunded by owners of property located <br />adjacent to the Project and having residential potential, <br />Indi vi dua 1 refunds s ha 11 be apporti oned based upon lot front <br />footage using the cost per front foot determined below, <br /> <br />COST PER <br />FRONT FOOT <br />OF COMMERCIAL <br /> <br />= <br /> <br />O,6((Cost of 10" From Pt,A to C)-(O,36)(Cost of 6" From Pt.A to B)) <br />Total Conmercial Front Footage <br /> <br />= <br /> <br />0,6(($82,520,32)-(0.36)($11,000,00)) <br />2523,1' <br /> <br />= <br /> <br />$18.68/Ft, <br /> <br />Owners benefi ting from service available to property with <br />residential potential shall refund the equivalent of 36% of 60% <br />of the cost of constructing a six inch (6") water main adjacent <br />to the properties having said residential potential, Individual <br />refunds sha 11 be apportioned based upon lot front footage us i ng <br />the cost per front foot determined below, <br /> <br />COST PER <br />FRONT FOOT <br />OF RESIDENTIAL <br /> <br />= O,6((,36)(Cost of 6" From Point A to B)) <br />Total Residential Front Footage <br /> <br />= <br /> <br />0,6((,36)($11,000,00)) <br />1541' <br /> <br />= <br /> <br />$1.54/Ft. <br /> <br />EXHIBIT A <br />
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