Monday, August 25, 2008

West Euclid Paving

Having just seen the Channel 13 video on the West Euclid Paving project and related assessments, it is prudent to clear some misrepresentations that were made.

1. The city is contributing $400,000 to $450,000 to the project that has a direct affect in lowering the assessments. All taxpaying properties are helping pay for this project!
2. The city has placed an assessed value of $25,000 on vacant lots thereby reducing some assessments by $6,250 in addition to the contribution above.
3. The assessments on the Channel 13 story were “total” assessments but did not mention deficiencies. Deficiencies are amounts that reduce the assessment because cities cannot assess for more than 25% of the land/property’s value. Deficiencies then eliminate themselves by 10% per year and are completely gone in 10 years if the property does not develop. Deficiencies on West Euclid range from $6,250 to $12,500 depending on the size of the lot.
4. The size of the assessment is directly related to the size of the lots on West Euclid. Some lots are 200 and 300 foot wide thereby making the assessments much larger than if the lots were a normal 75-foot width.

Elected and appointed officials realize there are large assessments on West Euclid and have worked very hard to reduce them. In fact, the assessments have been reduced to an amount that is less than a normal 25-foot wide street.

Many comments are made on this project that either are untrue, or, do not include all the information.

If you have questions or need information, please do not hesitate to contact me.