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26. 1970
<br />
<br />On this basis, our estimate of storm drain costs is $129,000. Therefore, the total cost for street
<br />improvements and storm drains is:
<br />
<br />For Streets $543,000
<br />For Drainage 129,000
<br />
<br />$672,000
<br />
<br /> As you are probably mvare, there are plans to build a large shopping center on the east side of Victo~z
<br />Boulevard and souCn of the SCL Railroad. Beginning of construction is expected some time during this spring
<br />or summer, if possible.
<br />
<br /> The location of this shopping center, and the size of the buildings and paved pBrking areas are such that
<br />a marked increase in drainage runoff under the railroad and under Airline Boulevard may be expected.
<br />
<br /> As a matter of information, the buildings to be built will total approximately 500,000 square feet. At an
<br />estimated cost of $10/sq. ft., the building cost will be about $5,000,000.
<br />
<br /> Tke~roSab~le<valhe~of~ith~paving;>~'curbs~,c~all&~i6%6~';~ (~pp'roximat?ly 40 acres) would be around $500,000.
<br /> Land value would be in the neighborhood of $1,000,000 after construction of the shopping center.
<br />
<br /> Total taxable value would be rOughly $6.S mAtlion (an annual tax of about $100,000).
<br />
<br /> It will be necessary to follow the mas~er drainage plan and possibly increase the capacities of the outfall
<br />culverts and pipes.
<br />
<br /> Our preliminary estimate of co~ts for the drainage installation is $673,000. This includes engineering,
<br />land, and actual construction costs with a contingency cost of 10%.
<br />
<br /> An estimate of costs for building storm sewers and appurtenances on Airline Boulevard from the west City
<br />limi~s to the intersection of Laigh Road follows. Our estimate is based on the pipe sizes shown on the master
<br />drainage plans. Branch lines in the drainage area are not included; only the single main line on Airline Boule-
<br />vard, pllm a few cross-street lines. ~qe pipe sizes range from 66" diameter at the outfall to 18" diameter for
<br />cross-street drainage. Our estimate for this work is $242,660.
<br />
<br /> An alternate plan, showing double lines of smaller diameter on part of Airline Boulevard was not used since
<br />the cost figured ~oout $92,000 more than for '~e single larger tines~
<br />
<br />~nis covers the drainage system for the GEX site, Harold Beaver, David Levine s~d Leonard Karp's property.
<br />
<br /> These two drainage projects should be h~andled outside of the annual appropriation of $250,000 for drainage
<br />and curb and guttering. ~ey will require a bond issue or temporary financing.
<br />
<br /> It is recommended that a program of drainage and curb and guttering be prepared amounting to $500~000.
<br />This represents the appropriation for fiscal year 1969-70 and 1970-71. The Engineering Department can have this
<br />program a~ailable for consideration bY the City Council at its first meeting in July."
<br />
<br />Motion of Mr. Turner to receive as information.
<br />
<br /> ~otion of ~qr. Ho!ley to amend by adding "that a conference be scheduled to set up priorities" was adopted
<br />without dissenting vote.
<br />
<br />Vote being taken, the amende~otion was adopted without dissenting vote.
<br />
<br /> 70-216 - "t am pleased to report that, pursuant to Section 1336 of the National Flood InsUrance Act of
<br />1968, as amended, the Department of Housing and Urbs~ Development has authorized the sale of flood insurance
<br />under the emergency program for the City of Portsmouth, ~fective May 15, 1970.
<br />
<br /> Federally-subsidized flood insurance can be sold 0nly in communities that have promised to guide future
<br />development in flood hazard areas and to set protective construction standars, such as minirm~m foundation
<br />floor elevations.
<br />
<br /> Effective May 15, 1970, flood insurance at subsidized rates may be obtained for one-to-four-family homes,
<br />as well as small businesses. During the first 30 days, policies will become effective immediately as issue~.
<br />Insurance purchased after the first S0 days will become effective after a 15-day waiting period.
<br />
<br /> Insurance at subsidized premium rates may be obtained in amounts up to $17,500 for single family homes,
<br />and up to $30,000 for two-to-four-family homes. On structures, rates will range from $0.40 to So.so per
<br />hundred dollars, with rates increasing according to the! vaulue of the structure. Contents may be insured up to
<br />$5,000 with rates ranging from $0.50 to $0.60 per hundred of insurance.
<br />
<br /> For small business coverage, Government-subsidized. premium rates will also be graduated -- $0.50 per
<br />hundred for properties valued up to $30,000, and increasing to $0.70 per hundred for properties valued-at
<br />$60,000 or more. Contents may be insured at $t.00 per hmndred of insurance up to $S,000 maximum.
<br />
<br /> Flood line maps for D ~
<br /> ~ ortsmout~ exposed to high tides and floo~ing are on record at the City Planning
<br />Commission Ozf~ce, ~nicipaI Building, third floor. The maps and rate schedules are available for public in-
<br />spection.
<br />
<br /> The National Flood Insurance Association will announce the appointment of a Servicing Agent for the City,
<br />who will, in turn, make policies of insurance available to agents and brokers."
<br />
<br />~otmon of ~]r. Eastes to receive as information was adopted without dissenting vote.
<br />
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