HomeMy WebLinkAbout04.a. (Handout),I
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Proposed Vista Del Orinda
Contractual
Assessment District
INo. 2010 -2
Jarred Miyamoto -Mills
May 19, 2011
Central Contra Costa Sanitary District
CAD Boundary Map
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(NondouaF)
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Proposed Vista Del Orinda CAD
Main Sewer Extension
• 851 feet of 8 -inch sewer; 4 MH
• Project cost: $165,000
• Estimated cost of main sewer extension
per property without CAD financing:
$16,500
• Meets CAD formation criteria:
1. At least five benefiting properties (10 properties)
2. At least 60% of properties developed (80 %)
3. Two or fewer dwellings on each property (one per
property)
Costs Ineligible for CAD Financing
• Connection fees: - $9,300
- $7,071 Capacity Fee may be financed
under a separate program.
• Private side sewer: $2,000 to $5,000
depending on length and restoration.
• Septic tank abandonment: - $1,500
• Costs that must be paid upfront when the
home is connected range from $5,700 to
$8,700.
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Source of Funds for Proposed
Vista Del Orinda CAD
• Staff recommends using the Sewer Construction
Fund to finance the proposed Vista Del Orinda
CAD Project.
• If all participants choose to finance through the
CAD, interest at 6% APR will generate - $57,000
over 10 years.
CAD Approval Steps
• Board approves formation of CAD.
• Board approves the project and election,
overrules protests, and orders the
improvement.
• Board sets the final assessments.
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Vista Del Orinda CAD
Ballot Tabulation
• An affirmative response on the majority of ballots
cast are necessary if the CAD is to be formed.
• The owners of six out of the ten properties
submitted votes.
• All six votes cast were aff irmative.
Staff Recommendation
• Approve formation of the proposed Vista Del
Orinda Road CAD No. 2010 -2.
• Adopt 2 resolutions.
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Questions...?
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