HomeMy WebLinkAbout08.a. Handout #2 Ite m No. 8.a.
Proposed Vista del Orinda
Contractual Assessment
- District
`- No.2010-2 - -
Jarred Miyamoto-Mills
November 18, 2010
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Vista del Orinda
� ���Sewer Extension
. 850 feet of 8-inch sewer; 4 Manholes
. Project costs:$130,000 to $194,000
. Estimated cost per property without
CAD financing would be $13,000 to
$19,400
Proposed Vista del Orinda
.,.-.�� CAD Sewer Main Extension
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. Meets CAD formation criteria:
1. At least 5 properties
2. At least 60% are developed properties
3. No more than 2 dwellings on each property
. Potentially serves 10 properties
. 9 properties with existing homes
. 1 home per property
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Costs Ineligible for
� CAD Financing
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. Capacity Fee: $5,451
. Building sewer on private property:
$2,000 to $5,000 depending on length
and restoration needed.
. Septic tank abandonment: $1,500
Source of Funds for Proposed
� �': Vista del Orinda CAD
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. Staff recommends using Sewer
Construction Fund Reserves for the
proposed Vista del Orinda CAD Project.
. Interest rate of 6% generates $46,600
to $69,600 over 10 years.
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� � CAD Approval Steps
_____._ .
�. Board approves formation of CAD.
z. Board approves the project and
election, overrules protests, and
orders the improvement.
s. Board sets the final assessments.
i Staff Recommendation
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. Approve formation of the proposed
Vista del Orinda CAD No. 2010-2
. Adopt 2 resolutions
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