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Declare Cost/Set Hearing – Bacardi Avenue Improvements, City Project 452 9ROSEMOLINTEXECUTIVE SUMMARY CITY COUNCIL City Council Meeting: April 1, 2014 AGENDA ITEM: Declare Cost / Set Hearing — Bacardi AGENDA SECTION: Avenue Improvements, City Project 452 Consent PREPARED BY: Phil Olson, PE, Assistant City Engin, AGENDA NO. it) it, ATTACHMENTS: Resolution, Map APPROVED BY: ooJ RECOMMENDED ACTIONS: Motion to Adopt a Resolution Declaring Costs to be Assessed, Ordering the Preparation of Proposed Assessment, and Calling for Hearing on the Proposed Assessment for the Bacardi Avenue Improvements, City Project 452 BACKGROUND: The Bacardi Avenue Improvements project includes the following: • Construction of Bacardi Avenue as a three lane urban minor collector including: o Bituminous pavement o Concrete curb &gutter o Storm sewer and biofiltration swales o Bituminous trail o Retaining walls • Extension of trunk municipal utilities including: o 15 inch sanitary, sewer o 12 inch water main o 16 inch raw water main • Easement acquisition • Wetland restoration Cost and Funding A summary of estimated project costs and proposed funding is provided below: Table 1 - Proposed Costs Surface Improvements $1,416,242 Sanitary Sewer Improvements $1,117,791 Water Main Improvements $253,594 Raw Water Main Improvements $325,754 Storm Sewer Improvements $201,000 Right-of-Way Acquisition $217,000 Wetland restoration $12,625 Total $3,544,006 (;.AI?NOPROJA452VCouncil Items\201414111 CC Declare Costs-Set P1 Ldocx Table 2 - Proposed Funding Sanitary Sewer Core Funds $1,117,791 Water Main Core Funds $579,348 Special Assessments $187,288 Cash Payments (Platted Developments) $422,490 Municipal State Aid Funds $1,237,089 Total $3,544,006 Table 3- Proposed Assessments Calculated Assessment Units Total Assessment Assessment Per Acre (West Side) $7432.06 21.64 $160,830 Assessment Per Acre (East Side) $7432.06 3.52 $26,458 Total $187,288 SUMMARY: Staff is recommending Council adoption of a resolution to declare the costs to be assessed, order the preparation of the proposed assessment, and set a public hearing for May 6, 2014 at 7:30 p.m. or as soon thereafter as possible. 2 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2014 - A RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT, AND CALLING FOR HEARING ON THE PROPOSED ASSESSMENT BACARDI AVENUE IMPROVEMENT PROJECT, CITY PROJECT 452 WHEREAS, a contract has been let for the Bacardi Avenue Improvement Project and the contract amount for such improvement is $2,661,604.50, and the expenses incurred or to be incurred in the making of such improvement amount to $665,401 so that the total cost of the improvement will be $3,544,006. NOW, THEREFORE, BE IT RESOLVED by the City Council of Rosemount,Minnesota: 1. The portion of the cost of such improvement to be paid by the City is hereby declared to be $3,356,718 and the portion of the cost to be assessed against benefited property owners is declared to be$187,288. 2. Assessments shall be payable in equal annual installments extending over a period of 10 years, the first of the installments to be payable with general taxes for the year 2015, and shall bear interest at the rate of 2% per annum above the interest rate paid by the City for its bonds from date of the adoption of the assessment resolution. 3. The City Clerk, with the assistance of the City Engineer shall forthwith calculate the proper amount to be specially assessed for such improvement against every assessable lot, piece or parcel of land within the district affected, without regard to cash valuation, as provided by law, and she shall file a copy of such proposed assessment in her office for public inspection; and BE IT FURTHER RESOLVED by the City Council of Rosemount, Minnesota: 1. A hearing shall be held on the 6`h day of May, 2014 in the Council Chambers at 7:30 p.m., or as soon thereafter as possible, to pass upon such proposed assessment, and at such time and place, all persons owning property affected by such improvement will be given an opportunity to be heard with reference to such assessment. 2. The City Clerk is hereby directed to cause a notice of the hearing on the proposed assessment to be published once in the official newspaper at least two weeks prior to the hearing, and she shall state in the notice the total cost of the improvement. The City Clerk shall also cause mailed notice to be 1 Resolution 2014- given to the owner of each parcel described in the assessment roll not less than two weeks prior to the hearings. ADOPTED this 1" day of April, 2014. William H. Droste, Mayor ATTEST: Amy Domeier, City Clerk 2 Bacardi Avenue Improvements r ROSEMOUNT•City Project 452 • . . , , , Si- Ai is CO z Q w S,■`rT a CO IL a ci z z Q N m NI- c, st w 4 Q U 2 Q 128TH m 3 3 w nw LU Q STW Q Q ' v -J o> 128TH J z 0 4 ST W CO CO 9p MCMENC ` POND 130TH ST W KEEGAN W LAKE KEEGAN 132ND CT W LAKE a 0 Ce BRONZE BRASS p O�q/R� CT A U K Y133RD ST 5 L a -71 o ti c i UJ cc p. mp A35T" STw POND BONAIRE PATH W A- 1 CO 135TH 5T NA p s W MARE POND , ' ATHENA A BIRDSONG w o -c CT > �y>�' I?. �qL 2 cE Brockway m BIRDSONG PATH O ; �P,N�F c 9T tiF29 a D 136TH ST 3 f p'- OS� qr� vL1'. or J.A t *aY /Elm), f�i1 y U V YT. It, Co°°0 PJ'C CL ONNEMARA TR, °rRL m CONNEMARA °°°TRL 9T�'o L. 138TH STW _ UiU MN 4, 9� -94. 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