Newport Road fees OK’d
As the construction season in Newport begins to wrap up near Century Avenue, residents can expect a lower interest rate on their property assessments.
Earlier this month, the City Council adopted the final assessment for the 2013 road reconstruction project, which consisted of mill and overlay on various streets, and a decreased interest rate.
The original resolution, passed this summer, included a 5.5 percent interest rate attached to residents’ $2,900 assessments. However, City Engineer John Stewart said the rate was lowered to 4.15 percent because the city “got a good price” for selling bonds.
The project consisted of reconstructing the road and drainage system on Century Avenue between Military Road and Wild Canyon Drive, and between Howkins Road and Kalen Drive. Also, the roads and stormwater conveyance system was repaired at 8th Avenue from Ford Road to 18th Street, 18th Street from Hastings Avenue to Harvard Place, 21st Street from 200 feet west of 8th Avenue to Barry Drive, Barry Drive, Ellen Court, Terrace Road, Mark Court, and 10th Avenue from Terrace Road to 18th Street.
The City Council also postponed the payments of assessments on homes abutting 8th Avenue from Ford Road to 18th Street, 18th Street from Hastings Avenue to Harvard Place, and 21st Street from 200 feet west of 8th Avenue to 8th Avenue. Those residents don’t have to submit a payment until Oct. 1, 2014.
All other residents can make payments to the city before Nov. 4. After that date, the city will certify the charges to Washington County.
The various reconstruction projects are part of a city-wide plan to rehab roads through 2020.