Memorandum
City of Lawrence
Municipal Services and Operations
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TO: |
Thomas Markus, City Manager |
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FROM: |
Charles Soules, Assistant Director MSO |
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CC: |
Brandon McGuire, Toni Wheeler, Randy Larkin, Dave Wagner, David Cronin |
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DATE: |
December 18, 2018 |
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RE: |
Queens Road Schedule/Next Steps |
Background
On December 4, 2018, the City Commission approved on 2nd reading Ordinance 9607 levying the special assessments for Queens Road. Those assessments are the maximum amount that can be levied to the properties in the benefit district.
On December 13, 2018, the Ordinance was published in the Lawrence Journal World. After 30 days (January 12, 2019) the statute of limitations to object to the benefit district expires.
Following is the estimated construction/assessment time line:
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Final plans/easement acquisition |
February/March 2019 |
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Bidding |
April/May 2019 |
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Construction beginning |
Early Summer (June) |
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Construction complete |
Late Fall (November) |
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Final costs |
December 2019/January 2020 |
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Letters to owners on final cost |
January/February 2020 |
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30 days to prepay in full |
March/April 2020 |
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City issues bonds to permanently finance the projects |
June/July 2020 |
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Certify assessment (with interest) to County |
August 2020 |
If owners do not prepay the full amount, then the total assessment, together with interest, will be spread over a 10-year period (each year, 1/10 of the total amount will be due).
The assessments are expected to first appear on the property tax bills for the 2020 tax year, with the first half of the first annual payment due December 2020.