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The City Council unanimously approved $956,921.09 in special assessments for five parcels benefiting from the Airtech 2 street, utility and stormwater improvements. The assessments will be payable over 15 years at 4.98% interest; the City will cover $223,985.63 from the Stormwater Utility Fund.
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Owners of five Airtech 2 properties will be billed for their share of completed street, utility and stormwater improvements. The City will pay its share from stormwater utility funds, while property assessments will be spread over 15 years. The Council also approved plans to reseal two abandoned drinking-water wells, supported by a $250,000 Clean Water Fund grant, with construction expected in 2026.
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