HomeMy WebLinkAbout05.a. (Handout) Public hearing re Smith Road Contractual Assessment District (CAD) No. 2012-1 in AlamoSO.
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Public Hearing for
Smith Road CAD 2012 -1
Levying Final Assessment, Collecting on
the County Property Tax Roll, and
Establishment of Reimbursement Fees
Russ Leavitt
June 19, 2014
11 Central Contra Costa Sanitary District
Background
• One set of Final Assessments and
Reimbursement Fees to be considered for
approval:
— District Project 5773 — Smith Road
• Public Hearing was set on May 15, 2014
• Affected Parties were notified by mail on May
19, 2014
• Notice of Hearing advertised in the Contra Costa
Times and San Ramon Valley Times on June 5
and June 12, 2014
.� 1
Final Assessments
• Total Project Cost = $124,538
• Owners of five properties are initial participants.
• Owners of two seven properties are non-
participants subject to paying a reimbursement
fee upon connection.
V49- ��l
Smith Road CAD No. 2012 -1
Final Assessment Roll
ASSESSMENT
NUMBER
PARCEL
DESCRIPTION
PREPAID
AMOUNT
TAX ROLL
ASSESSMENT AMOUNT
(10 -YR EQUAL
PAYMENTS ) (a
1
196- 070 -015 -9
$27,673.54
$3,720.20
2
196- 070 -007 -6
$32,994.88
$4,435.54
3
196- 070 -008 -4
$32,673.54
$4,392.34
4
196- 100 -001 -3
Not participating
Not participating
5
196- 061 -004 -4
$32,899.74
$4,422.76
6
196- 061 -003 -6
Not participating
Not participating
7
196- 061 -015 -0
$27,673.54
$3,720.20
� W, I'
R
Participant Payment Options
• Pay CCCSD the assessment in full by
July 18, 2014.
• Begin financing the assessment on the County
Property Tax Roll at 6% annual interest for up to
10 years.
No pre - payment penalty for paying off balance before
10 years.
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Reimbursement Fees for District Project 5773
Existing CAD
Participants
5
Total Project Cost
$124,538
First Non - participant
1/6 of Subtotal Project
$20,756
Connector #6
Costa
Second Non - participant
1/7 of Subtotal Project
$17,791
Connector #7
Costa
a) Reimbursements to Jobs 4936.1, 4936.2 and 5377.2 owed separately.
WON
Recommendation
• Conduct public hearing.
• Confirm and levy final assessments for Smith Road
CAD No. 2012 -1.
• Direct that outstanding 2014 -15 Assessments be
collected on the County Property Tax Roll.
• Adopt an ordinance establishing the reimbursement
fees for Smith Road CAD No. 2012 -1.
• 4 yes votes are necessary.
PA, M,
Questions ...?