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Home My WebLink About2000 04 13 Other Handout by Staff APRIL 13, 2000 HANDOUT BY STAFF. OAK FOREST WALL & BEAUTIFICA TION DISTRICT Estimated Ju/v 97 Ju/v 99 April 00 WALL IMPROVEMENT COST $340,000 $593,895 $593,895 CONTINGENCY $41,000 $29,700 $44,542 CONSTRUCTION & ENGINEERING INSPECTION $0 $65,910 $65,910 ASSESSMENT PROGRAM/ADMIN COSTS $65,000 $65,000 $65,000 $446,000 $754,505 $769,347 INTERLOCAL AGREEMENT CONTRIBUTION ($292,000) ($292,000) ($292,000) ENGINEERING DESIGN & FOOTER COST $292,000 $247,877 $247,877 $0 ($44,123) ($44,123) Capital Cost $446,000 $710,382 $725,224 Capital Prefinancing-PrepaymentlEquivalent Benefit Unit $732.28 $752.70 Frontage Lot @ 1.25 Benefit Units $915.35 $940.88 Noise Zone Lot @ 1.10 Benefit Units $805.50 $827.97 General Lot @ 1.0 Benefit Units $732.28 $752.70 ANNUAL DEBT SERVICE $30,000 $53,000 $71,600 ANNUAL MAINTENANCE REPLACEMENT COSTS $8,500 $14,000 $14,000 ANNUAL ADMIN.lCOLLECTION COSTS/DISCOUNT $10,235 $12,019 $12,644 $48,735 $79,019 $98,244 Number of Benefit Units (BU's) 970.10 970.10 966.20 Annual Cost with No prepayment Cost for 671 General Lots @1.0 BU $50.24 $81.45 $125.00 Cost for 206 Noise Zone Lots @1.1 0 BU $55.26 $89.60 $137.50 Cost for 58 Frontage Lots @1.25 BU $62.80 $101.82 $156.25 Annual Maintenance Only Cost if Capital Portion Prepaid Maintenance Cost for 671 General Lots @1.0 BU Maintenance Cost for 206 Noise Zone Lots @1.1 0 BU Maintenance Cost for 58 Frontage Lots @1.25 BU $23.41 $25.75 $29.26 $35.00 $38.50 $43.75 0411 012000 OAK FOREST WALL PROJECT FIRST BILLING ON THE NOVEMBER 2000-01 TAX BILL DETAILED CRITICAL EVENTS SCHEDULE EVENT DATE Publish Notice of Intent to Use Uniform Method of Collection November - December 1999 Apportionment methodology developed/refined December 1999 - January 2000 Adopt Resolution of Intent to Use Uniform Method of Collection By January 1, 2000 Notice of Intent to Tax Collector and Property Appraiser January 10, 2000 Construction costs determined March 2000 Review financing options March 2000 Initial Assessment Resolution adopted April 10, 2000 First Class Notices mailed April 17, 2000 Publish notice of Public Hearing April 17, 2000 Send Prepayment Notices April 14, 2000 Public Hearing/Final Assessment Resolution adopted May 8, 2000 Prepayment Period Ends May 15, 2000 Assessment Roll Certified September 15, 2000 Tax Bill Mailed November 2000 Bonds issued 2000 Revised: 04/10100 OAK FOREST WALL PROJECT FIRST BILLING ON THE NOVEMBER 2000-01 TAX BILL DETAILED CRITICAL EVENTS SCHEDULE EVENT DATE Publish Notice of Intent to Use Uniform Method of Collection November - December 1999 Apportionment methodology developed/refined December 1999 - January 2000 Adopt Resolution of Intent to Use Uniform Method of Collection By January 1, 2000 Notice of Intent to Tax Collector and Property Appraiser January 10, 2000 Construction costs determined March 2000 Review financing options March 2000 Initial Assessment Resolution adopted April 10, 2000 First Class Notices mailed April 17, 2000 Publish notice of Public Hearing April 17, 2000 Send Prepayment Notices April 14, 2000 Public Hearing/Final Assessment Resolution adopted May 8, 2000 Prepayment Period Ends May 15, 2000 Assessment Roll Certified September 15, 2000 Tax Bill Mailed November 2000 Bonds issued 2000 Revised: 04/10100 - I fijMI "'/'31,-' " ._ i I ,..../- 731/_ 121 ~t"'I"'f-I-. 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