The URL can be used to link to this page

Home My WebLink About6.l. Declare Costs for Assessment/Set Public Hearing, McNamara Addition, Phase 2, City Project #304CITY OF ROSEMOUNT EXECUTIVE SUMMARY FOR ACTION CITY COUNCIL MEETING DATE: May 2, 2000 AGENDA ITEM: Declare Costs for Assessment /Set Public Hearing, McNamara Addition, Phase 2, City Project #304 AGENDA SECTION: Consent PREPARED BY: Mark Fremder Senior Engineering Technician AGEND 6 1„ ATTACHMENTS: Resolution, Project Cost & Funding APPROVED BY Summaries, Drawing Attached are copies of the Project Cost and Funding Summaries for the McNamara Addition, Phase 2, Street & Utility Improvements, City Project #304. City Project #304 was initiated by the City Council on October 6, 1998. No public hearing was held to consider the improvements because it was 100 % petitioned by the property owners. The Feasibility Report Project Cost Estimate was approximately $1,827,472. Council entered into a Cost Sharing Agreement with Dakota County on July 20,1999. This Cost Sharing Agreement allows for Dakota County to pay 55% of the CSAH 42 improvements. The project was completed in the Spring of 2000 with a total project cost of $1,589,579. This total project cost includes $39,219 which will come from the Storm Water Core Fund. Approximately $428,048 will come from Dakota County and approximately $1,122,312 will come from assessment to adjacent properties. Staff is recommending setting a public hearing for June 6, 2000 to consider these assessments. RECOMMENDED ACTION: MOTION TO ADOPT A RESOLUTON DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT AND CALLING FOR HEARING ON THE PROPOSED ASSESSMENT FOR McNAMARA ADDITION, PHASE 2, STREET & UTILITY IMPROVEMENTS, CITY PROJECT #304 COUNCIL ACTION: CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2000 - A RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT, AND CALLING FOR HEARING ON THE PROPOSED ASSESSMENT McNAMARA ADDITION, PHASE 2 STREET AND UTILITY IMPROVEMENTS CITY PROJECT #304 WHEREAS, a contract has been let for the McNamara Addition, Phase 2 Street & Utility Improvements and the contract price for such improvement is $1,157,505, and the expenses incurred or to be incurred in the making of such improvement amount to $432,074 so that the total cost of the improvement will be $1,589,579. 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 $39,219, the portion of the cost to be paid by Dakota County is declared to be $428,048 and the portion of the cost to be assessed against benefited property owners is declared to be $1,122,312. 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 2000, and shall bear interest at the rate of 2% points 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 Public Works Director 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 he shall file a copy of such proposed assessment in his office for public inspection; and BE IT FURTHER RESOLVED by the City Council of Rosemount, Minnesota: 1. A hearing shall be held on the 6th day of June, 2000 in the City Hall at 8:00 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 Resolution 2000 - to the hearing, and she shall state in the notice the total cost of the improvement. She shall also cause mailed notice to be given to the owner of each parcel described in the assessment roll not less than two weeks prior to the hearings. BE IT FURTHER RESOLVED by the City Council of Rosemount, Minnesota The owner of any property so assessed may, at any time prior to certification of the assessment to the County Auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the City, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of the assessment. The owner may at any time thereafter, pay to the County Auditor the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the succeeding year. ADOPTED this 2nd day of May, 2000. Cathy Busho, Mayor ATTEST: Linda Jentink, City Clerk Motion by: Seconded by: Voted in favor: Voted against: 2 PROJECT COST SUMMARY CITY PROJECT #304 McNAMARA ADDITION, PHASE 2 STREET & UTILITY IMPROVEMENTS ITEM AMOUNT CONSTRUCTION COST: Watermain Sanitary Sewer Storm Drain Street $131,504 $33,023 $256,988 $735,990 Subtotal $1,157,505 ENGINEERING: Design Engineering Construction Engineering Soil Borings/Testing _ $80,172 $125,124 $5,614 Subtotal $210,910 ADMINISTRATION, LEGAL, FINANCE. Administration (5% Construction Cost) Legal Notices Legal Fees Communication Costs Recording Fees Street Lights Other Costs Bond Issuance Costs Permits $57,875 $373 $358 $24 $150,424 $1,627 $10,093 $390 Subtotal $221,164 TOTAL PROJECT COST $1,589,579 r- PROJECT FUNDING SUMMARY CITY PROJECT #304 McNAMARA ADDITION, PHASE 2 STREET AND UTILITY IMPROVEMENTS TOTAL PROJECT COST FUNDING SOURCES AMOUNT Streets: Dakota County Assessments $413,381 $603,950 Subtotal $1,017,331 Storm Drain: Dakota County Core Assessments $14,667 $39,219 $295,821 Subtotal $349,707 Sanitary Sewer: Assessments $47,687 Subtotal $47,687 Watermain: Assessments $174,854 Subtotal $174,854 TOTAL FUNDING $1,589,579 z tosauary� `;unourasoN ---- JadwnN aunfi�� nogs3oZ ;aa[o a ww& � ees� � �wr+t �o w ssM Z MW • oopcM IUN=94V Imo • voo�a oQC ON OR p r ta L t J ` , I -