How was street reconstruction funded and what is the new method or the change?

The City’s Utility Funds covers the cost of curb and gutter, sanitary sewer, domestic water and stormwater utility improvements in a neighborhood reconstruction project. Under the City’s previous Special Assessment Policy, residents are assessed the rest of the project cost, (major costs include road base and pavement) or 100% of the cost for the street reconstruction portion of the project. The new policy will transition from 100% assessment to 100% taxes with a transition period of 16-years.

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1. How was street reconstruction funded and what is the new method or the change?
2. Why did the City’s Special Assessment Policy change?
3. How would the City phase in the new policy?
4. The street by my house was recently reconstructed and I paid a special assessment. Will I be impacted by a change in the policy?
5. I paid a special assessment. How will I benefit by a change in the policy?
6. Can the City refund residents who have been previously assessed for street reconstruction?
7. Can residents who are still paying off a previous special assessment be taxed differently?
8. What happens with a special assessment that has been levied on a property when it is sold?
9. What is the current interest rate for special assessments not paid in full?
10. Approximately what percentage of single-family homes have paid for a street reconstruction project under the current Special Assessment Policy?
11. How are street reconstruction areas prioritized for reconstruction?
12. Can the city delay the street reconstruction project in my neighborhood so my neighborhood can have a smaller assessment?