By ERICKA WERLING
Three items related to the Dawson Cottage Addition were approved by the Abilene City Commission Monday.
The city commission previously considered the proposed subdivision, but it failed due to a lack of a second on the initial motion.
City Manager David Dillner said that after discussing the matter with Scott and Maureen Dawson, city staff recommended a change to the financial security requirements that would allow the Dawsons to move forward with some flexibility, while also providing the city with financial security to protect the taxpayer in the event of a default on special assessments.
The Dawsons will be required to put up a financial security equal to 35 percent of the estimated cost of the improvements. The security, either in the form of cash or escrow, will be available to the city in the event that special assessments are not remitted in a timely manner. As the Dawsons receive certificates of occupancy or sell lots to other owners, the city will release 5 percent of the financial security to the Dawsons.
Dillner said as the development performs, the risk of default begins to become less as the pool of property owners diversifies the risk. The Dawson's track record also suggests a lower probability of default than perhaps other subdivisions within the community.
The city also approved a mill and concrete overlay for the runway at the Abilene Airport. Olsson Associates and the Airport Advisory Committee recommended the mill and concrete overlay project to extend the life of the runway.
The project would be cost shared with the Federal Aviation Administration, with 10 percent of the project funded locally. The project is estimated to cost $2.3 million, with the city contributing $233,973. The local portion of the project cost will be funded from the Airport Fund. Most of the revenue for this fund is generated from property taxes levied to fund airport operations and projects. Dillner said. Most of the revenue for the fund is generated from property taxes levied to fund airport operations and projects.
The commission also approved an ordinance to clarify the rate basis for calculating sewer charges. All accounts will continue to be billed using the winter water average. Account holders may request that the city bill using actual water if the business believes that such change would be beneficial to their operation. Additionally, businesses may also install a secondary meter to account for water that is not discharged into the sewer system, such as a sprinkler system. This will allow the city to bill water used for outside watering without unnecessarily charging sewer fees.