Street Paving Flashcards
(4 cards)
1
Q
Street paving assessment is calculated on a ___ ____ basis.
A
front foot
This refers to the measurement along the street.
2
Q
Why are property owners only charged to the middle of the street?
A
Because the property owners across the street are also charged.
3
Q
What is the formula for the street paving assessment?
A
- front feet * cost per front foot = total cost
- total cost * percentage paid by homeowners % 2 (half the street) = homeowner’s cost of paving
4
Q
Example for paving: city pays 30%…. paving costs $24 per front foot… what is the special assessment for Lot A that measure 100 feet by 125 feet?
A
0.70 * 0.5 * 24 * 100 = $840
0.70 because he pays 70%, 0.5 because it’s only half the street, 24 is the cost per front food, 100 is the amount of front feet