ST9304-CS 860319To' Mayor and Council
From' Councilmen Cowman, Morton, and Smothermon
Subject' 5elf Line Road (east-west) Financing
As directed by the Council we have reviewed the City's options
w~ th regard to the financing of construction for Belt Line Road,
east-west, in its present alignment. After considerable review
and consultation, which did include a meeting between Wayne
Ginn and Nathan Maier, we feel that the Council should be made
aware of the following information:
1)
2)
4)
Ginn and Mater agree that a four lane road with six lane
bridges would cost approximately $6.5 million. This does
assume that a narrow bridge can be used and that the necessary
fill dirt can be obtained at Mr. Mater' s quoted price of
in ail previous discussions concerning assessments no consid-
eration was given to assessing either the railroad or land
outside the city cf Coppeil . After discussions with both
the City Attorney Larry Jackson, and the former head of
the tax department of the City of Dallas, we have found
that such assessments are quite common and, in most cases,
require only action ky this Council to obtain.
Due to the fact that 2 above was not originally considered,
we have found that the potential assessment for Belt Line
Road (north-south) was considerably underestimated. As
you can see from the attached exhibit, approEimateIy $?00,000
is available for additional road cons%ruction from this
project.
Based on the infcrmation available to us and shown on
attached~ exhibits, it appears that in addition to Belt Line
(east-west), that the City could also construct Denton Tap
from Belt Line %o Sandy Lake Road for a total cost %0 the
City of $775,000 or $125,000 less than the ezpected overage
from the Belt Line (noth-south) project.
5) Only Terra Development's offer to heip with funding of these
projects has been considered. Should additional landowners
north of the railroad decide to participate, the cost to
the City would obviously decrease.
Based on the above information and the analysis contained on
the attached schedules, we recommend that the following action
be taken:
1) The City build
F. eit Line Road (east-west) in its present
2)
3)
4>
location, and that it immediateiy contact the other cities
whose jurisdiction overlaps Belt Line in order to obtain
the appropriate assessments from those landowners within
those cities.
The City immediately start annexation proceedings on ail
land within its ETJ which is currently not within the city
limits, specifically that land located east of its current
city limits along Belt Line Road.
The City begin the process of improving Denton Tap Road
from Belt Line north to Sandy Lake Road, with an appropriate
assessment policy being used to obtain some of the funds
needed for construction.
The City allocate $3 million of the county bond funds to
the Belt Line prcject and $1.25 million to the Denton Tap
project. We realize that this is not the lowest cost alter-
native; however, il does result in the most equitable spread
of the cost involved and results in at least comparable
assessment cost for the landowners along each of the projects.
LENGTH
COST
COUNTY FUNDS
NET COST
ASSESSABLE
RECOVERY %
RECOVERED FUNDS
FUNDS NEEDED
DONATIONS
COST TO CITY
COST PER FOOT
COST PER FRONT FOOT
COST TO CITY PER FOOT
BELT LINE (EAST-WEST)
17 ORGINAL OPTION 1 OPTION 2 OPTION 3
6928 6500 6500 6500
2300 4250 2300 3000
4628 2250 4200 3500
4165 2025 3780 3150
33 75 75 75
1375 1519 2835 2363
3253 731 1365 1138
536 785 696
3253 195 580 442
272 132 247 206
136 66 124 103
191 11 34 26
LENGTH
COST
COUNTY FUNDS
NET COST
ASSESSABLE
RECOVERY %
RECOVERED FUNDS
FUNDS NEEDED
DONATIONS
COST TO CITY
COST PER FOOT
COST PER FRONT FOOT
COST TO CITY PER FOOT
DENTON TAP TO SANDY LA~E
8 ORGINAL
OPTION 1 OPTION 2 OPTION 3
3700 3700 3700 3700
1075 0 1075 1250
2625 3700 2625 2450
2363 3330 2363 2205
96 ~6 96 96
2268 3197 2268 2117
357 503 357 333
0 0 0
503
357
357 333
328 463 328 306
164 231 164 153
45 63 45 42
LENGTH
COST
COUNTY FUNDS
NET COST
ASSESSABLE
RECOVERY %
RECOVERED FUNDS
FUNDS NEEDED
DONATIONS
COST TO CITY
COST PER FOOT
COST PER FRONT FOOT
COST TO CITY PER FOOT
DENTON TAP SANDY LAKE £O COUNTY LINE
7 ORGINAL OPTION 1 OPTION 2 OPTION 3
4600 4600 4600 4600
875 0 875 0
3725 4600 3725 4600
3353 4140 3353 4140
74 74 74 74
2481 3064 2481 3064
1244 1536 1244 1536
0 0 0
1244 1536 1244 1536
532 657 532 657
266 329 266 329
178 219 178 219
LENGTH
COST
COUNTY FUNDS
NET COST
ASSESSABLE
RECOVERY %
RECOVERED FUNDS
FUNDS NEEDED
DONATIONS
COST TO CITY
COST PER FOOT
COST PER FRONT FOOT
COST TO CITY PER FOOT
TOTAL
32 ORGINAL OPTION 1 OPTION 2 OPTION 3
15228 14800 14800 14800
4250 4250 4250 4250
10978 10550 10550 10550
9880 9495 9495 9495
203 245 245 245
6123 7779 7584 7543
4855 2771 2966 3007
0 536 785 696
4855 2234 2182 2312
343 330 330 330
172 165 165 165
152 70 68 72
741
BELT LINE (NORTH-SOUTH) FUNDS GENERATED
ORGINAL OPTION 1 OPTION 2 OPTION 3
COST
LANDSCAPE
DESIGN
LIGHTING
OTHER
3660 3660 3660 3660
50 50 50 50
300 300 0 0
170 170 170 170
205 205 205 0
PAVING COST
COUNTY FUNDS
2935 2935 3235 3440
700 700 700 700
NET COST
2960 2960 2960 2960
ASSESSABLE
RECOVERY %
RECOVERY
NET COST TO CITY
BOND FUNDS ALLQ;
2012 2012 2282 2466
75 75 75
950 1509 1711 1850
2010 1451 1249 1111
2010 2010 2010 2010
OVERAGE
0 559 761 900
BELT LINE
COST
LANDSCAPE
DESIGN
LIGHTING
OTHER
PAVING COST
COUNTY FUNDS
NET COST
ASSESSABLE
RECOVERY %
RECOVERY
(NORTH-SOUTH) FUNDS GENERATED
ORGINAL OPTION 1 OPTION 2 OPTION 3
3660 3660 3660 3660
50 50 50 50
300 300 0 0
170 170 170 170
205 205 205 0
2935 2935 3235 3~40
700 700 700 700
2960 2960 2960 2960
2012 2012 2282 2466
85 85 85
950 1710 1939 2096
NET COST TO CITY 2010 1250 1021 864
BOND FUNDS ALLOC 2010 2010 2010 2010
OVERAGE
0 760 989 11q6