TO: Mayor and City Council
FROM: Beth Beatty, City Manager
SUBJECT:
title
Public Hearing Proposing the Establishment of the 2024 Joliet Special Service Area No. 1 - Bridge Street (Nicholson Street - Center Street) (To Be Continued)
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BACKGROUND:
On November 21, 2023, the Mayor and City Council passed an Ordinance proposing the establishment of the 2024 Special Service Area No. 1 - Bridge Street (Nicholson Street - Center Street). Per the Ordinance, a public hearing is to be held at this City Council Meeting to receive public input concerning the project. In order to ensure that adequate notice has been received by all affected property owners, the public hearing should be convened and continued to the January 16 council meeting. The proposed improvements for Bridge Street include storm sewer extensions, curb and gutter, concrete driveway aprons, and complete roadway reconstruction.
The property owner’s share of project expenses is initially determined on a front foot basis. Estimated project expenses are divided by the sum total front footage of all the properties within the project area. This procedure attains a price per lineal foot, which is then multiplied by each property's individual front footage to determine its assessment. The Bituminous Concrete Course is completed under a separate contract at 100% City cost. In addition, all off-site expenses are paid by the City of Joliet. An additional adjustment is made based on the use of City trucks for transporting excavated material and stone. The estimated project costs are then divided between the City and the Property Owners on a 60%-40% basis. The costs for this project are as follows:
As noted above, the property owner’s share of $115,246.80 will be allocated among all the property owners. Since the construction will proceed prior to billing the property owners, a temporary loan from the General Corporate Fund will be issued.
Under the revised Special Service Area Policy, this project is eligible to receive additional financial assistance in order to reduce the maximum special tax in accordance with the following table.
The attached Ordinance contains a table listing the estimated maximum tax for each property.
CONCLUSION:
The attached Ordinance proposes the establishment of the 2024 Special Service Area No. 1 - Bridge Street (Nicholson Street - Center Street). Upon adoption of this Ordinance, property owners and registered voters residing in this area will have 60 days within which to file petitions with the City Clerk of the City of Joliet objecting to the Special Service Area. The defeat of this project would require signed petitions from 51% of the property owners and 51% of the registered voters residing in the Special Service Area. Lastly, the Mayor and City Council must adopt a levy ordinance to levy the special taxes for collection in the future.
RECOMMENDATION:
recommendation
Based on the above, the Administration recommends that the Mayor and City Council convene the public hearing and continue it to January 16.
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