Laserfiche WebLink
8.A. - Page 329 <br />? ylow <br />.s • i •�rV� ,.��. • •�... .+ems <br />DAIT. 0001W 28, M <br />SiM)TCT. lancing Options for " Laurel way Bnviroa� ImpMr• <br />Itepo ` <br />tWcOAOAENM7TON: That lite City Council Thew and discuss the <br />fUtancing options av&Ub;e kc the preparation of an Ernrlrommental Impact <br />Report for the Laurel Way �subdivis kmN and determim the CIVO iinahldal <br />contribution, if any. <br />BACKGROUND: On September 16,1996, the City Cmun reviewved tbe_appml <br />of the decision by the T�onutg Administrator to deny f = varimm to consftct <br />a 7,100 square fomt house at 3738 i aur*! Way. The Council denied the appal <br />and upheld the policy of requiring an Environmental hnpact Rem OM prkNr <br />to any development on Laurel Way. They also dbeewd staff to explore <br />atltenhative med anisates for finding the EM with the possibility of the City <br />contn'buting a pordm of the MR cow. <br />Staff did obtain an estimate of appnWmately $BO,M to preps= the BTlt.i <br />It also dere ndned that it would cost apprnodm,ately $65D M to comtrutct street <br />improveU=ts for the entire portion of U rrei Way as proposed by the 2971 <br />Improvement Plan. <br />For the purpose of this prelindnary report staff is only focuairhg on the BUt <br />finandng since roadway latp veateYhto could change based on <br />recommendations of the EM <br />Thfs report presents an overview of several iinandng options available to pay <br />for the Hirt. Staff it; soo ttg some direction on file Mlowing issues: <br />1) 'lite type of fin indog mechanism that should be established to fund <br />the EM (reimbursement agreement, tradidorW assessment district< <br />improvement district, or voluntary apawtent). <br />I The $80= it au approxieft cost [ar the 1MR a eati�mmod by a local <br />coaaaltaut. Tho cost maty be diffoxem am the actual sae of %:=odic is <br />r11e,e An1� V : <br />Page 87 <br />1 <br />u <br />