HomeMy WebLinkAbout2000 05 01 Other Handout by Staff
MAY 1,2000
HANDOUT BY STAFF.
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OAK FOREST WALL & BEAUTIFICA TION DISTRICT
Public
Estimated July 97 July 99 April 00 Hearing
WALL IMPROVEMENT COST $340,000 $593,895 $593,895 $593,895
CONTINGENCY $41,000 $29,700 $44,542 $29,700
CONSTRUCTION & ENGINEERING INSPECTION $0 $65,910 $65,910 $65,910
ASSESSMENT PROGRAM/ADMIN COSTS $65,000 $65,000 $65,000 $45,000
$446,000 $754,505 $769,347 $734,505
INTERLOCAL AGREEMENT CONTRIBUTION ($292,000) ($292,000) ($292,000) ($292,000)
ENGINEERING DESIGN & FOOTER COST $292,000 $247,877 $247,877 $247,877
$0 ($44,123) ($44,123) ($44,123)
Capital Cost $446,000 $710,382 $725,224 $690,382
Capital Prefinancing-PrepaymentlEquivalent Benefit Unit $732.28 $752.70 $716.31
Frontage Lot @ 1.25 Benefit Units $915.35 $940.88 $895.45
Noise Zone Lot @ 1.10 Benefit Units $805.50 $827.97 $788.00
General Lot @ 1.0 Benefit Units $732.28 $752.70 $716.31
ANNUAL DEBT SERVICE $30,000 $53,000 $71,600 $61,900
ANNUAL MAINTENANCE/REPLACEMENT COSTS $8,500 $14,000 $14,000 $14,000
ANNUAL ADMIN.lCOLLECTION COSTS/DISCOUNT $10,235 $12,019 $12,644 $22,000
$48,735 $79,019 $98,244 $97,900
Number of Benefit Units (BU's) 970.10 970.10 966.20 963.20
Annual Cost with No prepayment
Cost for 710 General Lots @1.0 BU $50.24 $81.45 $125.00
Cost for 167 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 710 General Lots @1.0 BU
Maintenance Cost for 167 Noise Zone Lots @1.10 BU
Maintenance Cost for 58 Frontage Lots @1.25 BU
$23.41
$25.75
$29.26
$35.00
$38.50
$43.75
$24.00
$27.00
$30.00
05/012000
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 19, 2000
Publish notice of Public Hearing April 19, 2000
Public Hearing/Final Assessment Resolution adopted May 10, 2000
Send Prepayment Notices May 17,2000
Prepayment Period Ends June 23, 2000
Calculate adjusted prepayment rates June 30, 2000
Assessment Roll Certified September 15, 2000
Tax Bill Mailed November 2000
Bonds issued 2000
Revised: 04/28/00