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HomeMy WebLinkAbout25-Public Works _ J ~ lIe No. 14.40-69 ..:).0 .. CITY OF SAN BERNQlDINO - REQUEST .:R COUNCIL ACTION ~DM\t4 Off. ROGER G. HARDGRAVE, DirectoaEC'l'l.- Subj~t: sAuthorization to Proceed: ftClCl u'W 2' ~ 3: 14 Belmont & Chestnut Area Public Works/Engineering 1;'IOIlIW Drainage District. November 17, 1988 ~ From: Dept: Date: Synopsis ,)f Previous Council action: 5-23-88 Policy adopted that no development be approved in the Verdemont area until a financing plan for improvements has been approved by the Mayor and Council. 6-20-88 Clarification of Council action of 5-20-88 regarding development of Verdemont fi nanci ng plan made. 10-3-88 Approval of IPD Amendment proposal, relative to Policy #12 concerning Verdemont Infrastructure requirements, tabled. Recommllnded motion: That the City Engineer and City Clerk are authorized to proceed with initiating proceedings for the establishment of an assessment district under the provisions elf Chapter 12.90 of the San Bernardi no Munci pa 1 Code and that the Ci ty Engi neer is directed to prepare an Engineer's Report for the proposed contruction of a storm drain and appurtenant facilities in the area of Belmont Avenue and Chestnut Avenue in the C1 ty of San Bernardi no and known as the Chestnut Avenue storm drain. e:c: James Robbins, Acting City Administrator James Richardson, Dep. City Adm. Development S ignatu re Contact !)8rson: Verne Nadeau Phone: 384-5026 Supporting data attached: Staff ReDort. MaD Ward: 5 FUNDINIG REQUIREMENTS: Amount: NONF Source: (Acct. No.l (Acct. DescriPtion) Finance: Council Notes: 75-0262 AGenda Itf!m Nn "'--5 , - CITY OF SAN BERNJCDINO - REQUEST FWt COUNCIL ACTION STAFF REPORT Some residents of the Verdemont area have requested that the Master Plan Chestnut Avenue Storm Drain be constructed before any further developments are approved. In response to these requests, staff was directed to prepare a Verdemont Area Infrastructure Financing Plan, to identify how this improvement could be financed at this time, instead of waiting until sufficient fees were collected from developments. A plan has been prepared in response to this directive. Financing for these improvements is shown on this plan to be derived through an assessment district. The tentative boundaries of the district are shown on the attached map. Since the developed parcels within the district have paid storm drain fees, it is proposed that developed parcels not be assessed for the cost of this storm drain. It is anticipated that this storm drain will cost about $1,370,000. Since we will not be able to "up front" this amount from City funds, it will be necessary to sell bonds or secure a loan from the Redevelopment Agency. Estimates of costs and source of funding will be identified in the Engineer's Report. Establishing an assessment district requires at least 3 to 4 months. Therefore, we recommend that authori za ti on to proceed be granted so the proceedi ngs can be started. 11-17-88 75-0264 , o r , ""' -..,) I I L --1 7 -- / SIlII.....IOflrIe....L:.S ;, " " I' " " ,..... ,r-- " " ~... i: ',,':) ONT ~ \ \ 5 "'c~') 6 11-17-88