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Warner Industrial Community Assessment District <br />July 7, 2015 <br />Page 3 <br />Discussions with WIC property owners have centered on sharing the total cost of roadway <br />improvements. Subsequent to informational meetings with and among WIC property owners, Ms. <br />Fosler has documented approximately 60 percent support for the formation of an Assessment <br />District based on a 50 -50 cost share, contingent upon approval by the City Council and a vote of <br />affected property owners. <br />ANALYSIS <br />In accordance with Proposition 218 guidelines, the general sequential steps to form this <br />Assessment District are as follows: <br />STEP <br />TIME NEEDED <br />ACTION <br />1 <br />Today's Action <br />Approve a Resolution of Intention (Exhibit 2) and order the <br />preparation of the draft Engineer's Report. At this point, the City <br />does not make any commitments, except for the costs of performing <br />the Engineer's Report and related district formation research. <br />2 <br />4 to 5 Months <br />Staff completes design of the improvements, prepares the plans and <br />specifications, and advertise the proiect for construction bids. Based <br />on the construction bids, the total cost to deliver the improvements is <br />established, and the corresponding assessment amount for each <br />property is determined. <br />3 <br />Concurrent <br />Present the Draft Engineer's Report to the City Council. The report <br />will contain the overall costs (including design and construction), the <br />with Step 2 <br />legal basis to establish the AD, the methodology to distribute the <br />costs, the proposed assessments based upon the bids and details <br />on any City commitments. Upon Council approval of the Engineer's <br />Report and authorization to proceed with balloting, the assessment <br />ballot procedure provides the WIC property owners with the <br />opportunity to decide whether the proposed assessment should be <br />levied. <br />12A -3 <br />