Why can’t the actual or estimated cost of the needed road improvements be used as the basis of the assessment, instead of just proposing a flat assessment rate?
There are a couple reasons why the proposal is structured as it is (i.e., a maximum tax rate of $0.10 per $100 assessed valuation). First, staff is prevented by State law from expending public (tax) funds on private property; to base the amount of the assessment on the actual or an estimated figure would require the Town to pay for engineering services to estimate the condition of the private streets and prepare cost estimates of needed repairs. Second, there is a timing issue; establishing the district (with Town assumption of maintenance responsibility and initiating the tax assessment) in a timely manner could be delayed for months due to 1) establishing revised public street standards for the private streets in the identified communities and 2) preparing detailed engineering analysis and cost estimates for each community. Is the October 8 deadline for getting petitions in a hard date; is there any leeway? Staff has heard that some HOA’s may have a difficult time getting a full resp
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