Res54 1808 - Laserfiche WebLink

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mix surfacing with 6 inch crusher run base pavement, curbs, side- walks, storm sewers with catch basins, manholes, culverts and con- duits, headerboards and bumpers, lights, fences, meters and paint- ing, and any buildings or structures necessary for the proper operE,- tion thereof; and the making of all acquisitions, the constructing of all improvements and the performance of all work auxiliary thereto and necessary to complete same as off - street parking facilities.. 6. That the estimated cost is as follows: Cost of Acquisitions $505,000.00 Cost of Improvements 440,000.00 Contingencies and Incidental Expenses 55,000,00 Total Estimated Cost Cpl, 000, 000.00 7. That the assessed valuation of the taxable real property within the proposed district, as shown on the last equalized assess- vent roll used by the City of Redwood City for purposes of City taxation is $ 8. That an estivate of the average annual gross revenue which may be expected to be derived from the operation of the proposed parking places and of the average annual cost of the maintenance ani operation of said parking places, and of the net revenues to be derived therefrom, are as follows: Average annual gross revenue $48,000.00 Average annual cost of maintenance and operation 14 , x-00.00 ,average annual net revenue $33,600.00 -9. That an estimate of the annual net revenues which can be expected to be derived from the parking meters on the streets with- in the district from which moneys will be available to make payments towards the principal and interest of the bonds, provided to be made pursuant to the pledge, are as follows: Average annum net revenue $39,000.00 Amount Pledged (2/3 of total) 26,000.00 -4-