Assessment Update

The City Council formally approved the revised Assessment Policy on 7/21/21. The policy includes a 21.1% assessment reduction in year 1. Therefore, the revised estimated assessment amount for Creek Knoll A and B is $12,072 per Residential Equivalent Unit.

The cost of replacing poor soil under the proposed gravel base and installing public retaining walls has also been removed from the assessment amount. The year 1 reduction of 21.1% was the average for poor soil replacement and public retaining walls over the past 10-years of street reconstruction projects. The final Creek Knoll A and B assessment amount will be determined in fall 2022 after construction concludes and all project costs are summarized.

Thank you.