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Home My WebLink About7.a. Adopt Assessment Roll – Bacardi Avenue Improvements, City Project 452 EXECUTIVE SUMMARY CITY COUNCIL City Council Meeting: May 6, 2014 AGENDA ITEM: Adopt Assessment Roll — Bacardi Avenue AGENDA SECTION: Improvement Project, City Project 452 Public Hearing PREPARED BY: Phil Olson, PE, Assistant City Engineer AGENDA NO. Resolution; Map; Assessment Roll APPROVED BY: RECOMMENDED ACTION: Motion to Adopt a Resolution Adopting the Assessment Roll for the Bacardi Avenue Improvements Project, City Project 452 BACKGROUND On Friday,March 21, 2014, bids were received for the Bacardi Avenue Improvement Project and read aloud publicly. The low bid was from Ryan Contracting, Inc. in the amount of$2,661,604.50. Based on the low bid of$2,661,604.50, the updated estimated project cost is $3,544,005.50,which includes indirect costs. This amount is approximately 29%less than the previously estimated project cost of $4,989,000.00 included in the feasibility report. Costs associated with the project will be funded as indicated in the table below. Project Funding Sanitary Sewer Core Funds 1,117,791.00 Water Main Core Funds 579,348.00 Special Assessments 172,870.00 Bella Vista 2nd 164,304.00 Future Bella Vista 258,186.00 State Aid Funds 1,251,507.00 Total $ 3,544,006.00 PUBLIC INFORMATIONAL MEETINGS Staff has hosted three public meetings for property owners to address questions and comments regarding the project and proposed assessments. Below is a listing of the public meetings: • Informational Open House: January 15, 2014 • Informational Open House: February 13,2014 • Informational Open House: April 24, 2014 G:\ENGPROJ\4521Council Items120140506 CC AssesssPH-RecAwardBid.docx ASSESSMENTS In accordance with the City's Schedule of Rates and Fees for 2014, the assessable rate for overlay projects on existing streets is 35% of the surface improvement cost. The final proposed assessment rates are $7,432.06 per acre,which is 14.08% less than the estimated assessment of$8,650.02 per acre from the feasibility report. SCHEDULE Construction is expected to begin in June,2014 and be substantially complete by the end of September 30, 2014. A more detailed schedule will be provided prior to construction. SUMMARY Staff will provide an overview of the project and respond to questions that Council or the public may have regarding the proposed project and assessments. Staff recommends that Council adopt the attached resolution adopting the assessment roll for the Bacardi Avenue Improvement Project, City Project 452. 2 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2014- A RESOLUTION ADOPTING THE ASSESSMENT ROLL FOR BACARDI AVENUE IMPROVEMENTS CITY PROJECT 452 WHEREAS, pursuant to notice duly given as required by law, the City Council has met, heard and passed upon all objections to the proposed assessment for the Bacardi Avenue Improvement Project, City Project 452, and has amended such proposed assessment as it deems just. NOW THEREFORE BE IT RESOLVED by the City Council of the City of Rosemount, Minnesota, as follows: (1) Such proposed assessment in the amount of$172,870.00, a copy of which is in Clerk's File dated May 6, 2014,is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein is hereby found to be benefited by the proposed improvement. (2) Such assessments shall be as follows: a. The assessments shall be payable in equal annual installments extending over a period of ten (10) years, the first of said installments to be payable with general taxes for the year 2014, collectible with such taxes during the year 2015. b. To the first installment shall be added interest on the entire principal amount of the assessment from October 31, 2014 until December 31 of the year in which such installment is payable. The interest rate shall be set at either 4.35% per annum or 2 points above the City's bond rate at the time the assessments are certified to Dakota County Property Taxation & Records, whichever is less. To each subsequent installment, when due there shall be added interest for one year at said rate on the unpaid principal amount of the assessment. c. The owner of any property so assessed may at any time prior to the certification of the assessment or the first installment thereof to Dakota County Property Taxation & Records, pay the whole of the principal amount of the assessment on such property with interest accrued to the date of payment to the City Treasurer, except that no interest shall be charged if the entire assessment is paid by October 31, 2014; and such property owner may at any time prior to December 31 of any year pay to Dakota County Property Taxation &Records the entire principal amount of the assessment remaining due with interest accrued to December 31 of the year in which said payment is made. Payment must be received and posted at the County by December 31;postmarks will not be accepted. (3) On October 31, 2014, the City Clerk shall transmit a copy of this assessment roll to Dakota County Property Taxation&Records to be extended on the tax list of the County. ADOPTED this 6th day of May, 2014. William H. Droste, Mayor ATTEST: Amy Domeier, City Clerk Bacardi Avenue Improvements r• ROSEMOUNT City Project 452 . . , . ; . . , „ ■ CO sT� Q m �ti a U z a) v\5.S\ 2 1 ''0 w 4 Q U z a 128TH m Ui w III Q $7W Q a ', Q < -.J 0?, 128TH Zi z cal y ty STW z O Q to 9� MCMENC 117 CO CO POND ■ 130TH ST W KEEGAN j LU LAKE 132ND CT W KEEGAN Q LAKE ca e0ct 4 0�4/ _ �+• c BRASS Ak 'rFA Gyy .Qlh j 1503 5' A CO -'- 133RD ST G 1 zT , 0. a . 7� Y Gy Lai •41,-‘Sr F Q- m a ARE o " 135TH ST W POND BONAIRE PATH W fY I 01 135TH 5T N1�' s I1361H Y BIRDSONG 51 w MARE POND �i ATHENA j2q o $� CT Q ti3 -9,,, , j Brockway - Q BIRDSONG PATH p R 4 �' F24 a Park < m 136TH ST W O o P QP qT 9L�G �� C�� irockwa BRONZE m a� 9T 4(,F�'OO° ' PJCJ y ONNEMARA 7-RC ?TRL m CONNIARA °°° RL �liG� L. 138TH ST W ' cP� M��GO\ 138TH 1344 PJ,�e N WOO, .h o 9�<\ > 138TH ST W G a\� ST W Cn O 3`3'N Q ,vP G co ..? 9G 1 Si�{1 >- U.138TH ST W , Jk' BELVIDERE G m ~.. 139TH ST W a z U qP CT A �I- Q w w w w z O C tr > > > O -4 n z c4 a' `�� 140TH ST W -z4 0°o ti ST ;T W w S 0 8L�RMFY Birch �7 Z .... i�'Q"t °z i a BELMONT o Park '� qy ce m om i1T CT BIRCH S m« ; 9/, j } F 1/ Op � Q a W LMONT TR 01'36(K T Av �� G ZL BELFAST worts NO 2 Erickson n Q CT mf gt 5� P�P‘.. 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J� 1�2 ., TRL a 0 550 1.100 2.200 3,300 4,400 N Feet ` T:/GIS/City/Maps/Departmental Maps/Engineering/Chris/Location map-452 _a14�` June 2013 FINAL ASSESSMENT ROLL BACARDI AVENUE IMPROVEMENTS City Project 452 May 6, 2014 PID OWNER NAME OWNER ADDRESS CITY/STATE/ZIP PROPERTY ADDRESS AMOUNT ASSESSED BACARDI AVENUE ASSESSED PARCELS 34-02110-29-011 LAURIE A FAIUUCI I?1.1.I 13217 BACARDI AVE ROSEMOUNT MN 55068-3049 13217 BACARDI AVE $50,315.00 34-02110-29-013 CIIRIST'OPI IER&KAREN GORDON 12865 BACARDI AVE ROSEMOUNT MN 55068-3732 $29,431.00 34-02110-29-014 CONNY R&CRAIG B MAIIONEY 13075 BACARDI AVE ROSEMOUNT MN 55068-3002 13075 BACARDI AVE $33,296.00 34-02110-34-012 JEANNI?REU'FER&JOIIN ANDERSON 25799 COUNTY 7 BLVD WELCH MN 55089 Northern Natural Gas Easement $33,370.00 34-45601-01-010 ASAD IRPANULLAI I&NOREEN SIIEIKI-1 12890 BACARDI AVE ROSEMOUNT MN 55068 12890 BACARDI AVE 526,458.00 ASSESSMENT TOTAL $172,870.00 G:\ENGPROJ4452\20140506 Final Assessment Roll