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Minutes - San Leandro City Council Meeting - May 21, 1990 Page - 7 - PUBLIC HEARINGS (continued): 2. Public Hearing of Protests Relative to Resolution of Intention to Order Certain Public Improvements. - See Resolutions Below. This being the time and place for the Public Hearing on the above matter, Steve Meyers, City Attorney, noted that these Public Hearings would hear all matters related to Assessment District No. 99. He said on April 16, 1990, City Council had adopted Resolution No. 90-62, Resolution of Intention to Form the Assessment District. The required notice had been given to property owners and all other requirements of law related to Public Hearings had been met. He said there were two Public Hearings that would be heard concurrently on the City Council 's Agenda on this matter: The Public Hearing on Whether the Public Convenience and Necessity Require the Ordering of Proposed Improvements Without First Complying with the Provisions of the Special Assessment Investigation, Limitation and Majority Protest Act of 1931 and the Public Hearing of Protests Relative to Resolution of Intention to Order Certain Public Improvements. He then described presentations to be given by members of City staff and others associated with the Assessment District. He said that anyone objecting to the Assessment District is entitled to file a written protest with the City Council . He said at the end of the Public Hearing staff would request a recess to calculate the protests. John Jermanis, City Finance Director, displayed overhead slides to illustrate his presentation. He said the proposed Assessment District involves properties on Marina Boulevard and portions of Alvarado and Teagarden Streets and the involved properties would be required to pay for a portion of the costs involved in undergrounding utilities. He said the process provides a mechanism for the assessed property owners to make their payments over time. He noted the City of San Leandro does have an undergrounding ordinance in place that requires all properties involved in the Underground Master Plan to pay a base fee of $110 per lineal foot when the property is developed. He then summarized the assessments involved in this Assessment District. He said a pre-payment amount of $110 per lineal foot had been developed in keeping with the provisions of the Municipal Code, and each parcel for which that pre-payment amount was paid by the May 14 deadline had been excluded from the assessment district. Fourteen parcels had been excluded on that basis by reducing the recommended assessment on each such parcel to zero, as shown on Exhibit C of the Engineer' s Report. For those parcels remaining in the assessment district, the assessment amounts represented the $138 per lineal foot, with the $28 additional cost representing the cost and expense associated with implementing the assessment district and the related bond financing. He said that, once the assessments are recorded as liens upon the respective parcels, property owners will have a 30-day period within which to discharge the liens at a rate of $126 per lineal foot, a rate which excludes the pure bond financing costs.