1. Neighborhood Meeting Falcon, 124 th, Europa, 126 th, Gallivan (Lake Air Estates/Bald Eagle Estates) Improvement Project December 13, 2010

2. Bald Eagle Estates Lake Air Estates Bald Eagle Townhomes Oakshore Park South Ethan Ave.

3. Provide background/update Review the results of the neighborhood survey Provide additional facts regarding the potential project Outline options for financing the water project for consideration by the City Council and the neighborhood Discussion Meeting Objectives

4. Road projects included in City CIP Neighborhood meeting held October 11, 2010 Roadway Reconstruction –Rural section – Lake Air Estates, Falcon Ave. –Urban Section – Bald Eagle Estates –Most in attendance recognize poor roadway conditions Discussion regarding installation of City water –Currently served by private wells –All properties currently served by City sewer –Very little support – cost/benefit cited as primary issue Project Background

5. Mailing sent to all residents Mailing accompanied by a project information sheet Three Options included on the survey –No Project –Roadway Project Only –Roadway and Water Project Neighborhood Survey

6. Survey Results (78 total surveys) –No Project25 –Roadway Project Only25 –Roadway and Water Project 5 –Water only** 6 –Did not respond17 **Bald Eagle Townhome Assn. considering water installation project – could occur separately Neighborhood Survey

8. Reconstruction of Roadways –Remove existing pavement –Repair soft spots/add gravel/repave roadway –Drainage improvements (infiltration requirements) –124 th, Europa, Falcon proposed to remain a rural section –126 th, Gallivan, etc proposed to remain with curb and gutter –Roadway width not proposed to change Proposed Street Improvements

9. Roadway/drainage cost$1,500,000 Roadway Assessments –Bald Eagle Estates (curbed street) at $4,100/unit –Lake Air Estates/Falcon (rural section) at $3,400/unit –Assessments fund approximately 1/4 of the project cos t Assessments spread over a ten-year period if project is road only at approximately 5-6% interest (rate dependent upon borrowing cost) Senior Citizen deferral available to those over 65

10. City Water Service Developments completed prior to water service availability in the southern half of the City City’s Comprehensive Plan includes providing water service within this area Appropriate timing to consider installing water service – most cost-effective when completed with roadway project Existing wells are in varying condition – water immediately available if needed City staff recommends including water installation as part of roadway project City Council can consider other options

11. City Water Service Water service could be installed in the future if a roadway project is completed –When is the correct timing? –Added cost as a separate project –Disruption/some pavement removal –Impacts to trees/property within the right of way or adjacent drainage/utility easements

12. Bald Eagle Estates – 126 th Street

13. Lake Air Estates – 124 th Street

14. City Water Service Financing Options Estimated assessable water cost$600,000 Option 1 - Standard Assessments –100% of the cost assessed on a unit basis –Est. $8,500/unit in assessments above roadway assessments –City Water fund covers non-assessed cost –Combined road/water assessment spread over a fifteen- year period at approximately 5-6% interest (rate dependent upon borrowing cost) –Senior Citizen deferral available to those over 65

16. City Water Service Financing Options Option 2 - Deferred Assessments –Assessment for water levied, but not collected until connection –Assessment accrues interest during deferral –Option to spread assessment over remainder of term if connection occurs within 15 years of construction –Deferred assessment is apparent to potential buyers if home is sold

17. City Water Service Financing Options Option 3 - Connection Fee –Fee based on same amount as assessment or deferred assessment –Due upon connection as a lump sum –Connection Fee can include interest considerations –Connection fee not apparent to potential buyers through standard property search

18. Other Private Costs – at time of connection Water Connection Charges$2,640/unit Connection of water service between property line and home Abandon existing well – if applicable Typical water bill = $50 per quarter average for a typical home (assumes City water used for irrigation) No specific timeframe to connect to City water Existing well can be maintained if connected to City water – i.e. use for irrigation

19. Do not complete a project of any kind Complete a roadway-only project Complete a roadway/water project –Standard Assessments –Deferred Assessments for water portion only –Connection Fee for water portion only Options

20. Neighborhood feedback/discussion City Council update – December 20, 2010 meeting Next Steps

21. 0.5 unit Street A Street B Corner/other lot examples Standard corner lot Street C 0.33 unit Street A Street B 0.33 unit 3-roadway frontages

22. 0.5 unit Street A Street B Through lot Corner/other lot examples