Quote:
Originally Posted by FrancisDrake
Perfect. Now pass a city ordinance that requires any new construction along the proposed Greenway must contribute to it.
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I actually pitched that idea via email. I heard nothing back from the city. I suggested a front foot assessment on any real estate that changes hands from a specific date going forward. Any current property owners would be exempt unless the property changed hands.
The front foot assessment would be based on expected future costs to improve the infrastructure that is literally right in front of a said property. The assessment would be fixed and would only be paid for 30 years. If the property is sold before or after the 30 years concludes, then the property is reassessed at the then current expected infrastructure improvements costs.
An example is if you have a street that needs a $100,000 repaving job and there are 50 properties on the street. The $100,000 is divided by 50 and then again by 30 to get the annual assessment for each of the 50 properties.
Notice I said properties and not homes. The FF assessment is applied to the property only and has no bearing on any improvements that exist on said properties. Everybody pays.
I suggested this to the council because they were torn over how to pay for projects that only benefit a specific street or community such as storm water improvements or curbs, gutters and repaving.
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