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Home My WebLink About6.j. Declare Costs for Assessment/Set Public Hearing, Rosemount Commons Street & Utility Improvements, City Project #300f CITY OF ROSEMOUNT EXECUTIVE SUMMARY FOR ACTION CITY COUNCIL MEETING DATE: May 2, 2000 AGENDA ITEM: Declare Costs for Assessment /Set Public AGENDA SECTION: Hearing, Rosemount Commons Street & Utility Improvements, Consent City Project #300 PREPARED BY: Mark Fremder AGENDA N Senior Engineering Technician 6 APPROVED BY: ATTACHMENTS: Resolution, Project Cost & Funding Summaries, Drawing 4� Attached are copies of the Project Cost and Funding Summaries for the Rosemount Commons Street & Utility Improvements, City Project #300. City Project #300 was initiated by the City Council on October 9, 1998. A public hearing was not held because the property owner petitioned the project. The Feasibility Report Project Cost Estimate was approximately $1,017,000. The project was completed in the Spring of 2000 with a total project cost of $877,190. The total project cost of $877,190 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 ROSEMOUNT COMMONS STREET & UTILITY IMPROVEMENTS, CITY PROJECT #300 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 ROSEMOUNT COMMONS STREET AND UTILITY IMPROVEMENTS CITY PROJECT #300 WHEREAS, a contract has been let for the Rosemount Commons Street & Utility Improvements and the contract price for such improvement is $683,828, and the expenses incurred or to be incurred in the making of such improvement amount to $193,362 so that the total cost of the improvement will be $877,190. 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 $0.00 and the portion of the cost to be assessed against benefited property owners is declared to be $877,190. 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 to the hearing, and she shall state in the notice the total cost of the improvement. Resolution 2000 - 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 #300 ROSEMOUNT COMMONS STREET & UTILITY IMPROVEMENTS ITEM AMOUNT CONSTRUCTION COST: Watermain Sanitary Sewer Storm Drain Street $162,586 $147,750 $135,896 $237,596 Subtotal $683,828 ENGINEERING: Design Engineering Construction Engineering Soil Borings/Testing $34,870 $105,127 $10,766 Subtotal $150,763 ADMINISTRATION, LEGAL, FINANCE Administration (5% Construction Cost) Legai Notices Legal Fees Communication Costs Recording Fees Street Lights Other Costs Bond Issuance Costs Permits $34,191 $425 $726 $6,627 $630 Subtotal $42,599 TOTAL PROJECT COST $877,190 J ' PROJECT FUNDING SUMMARY CITY PROJECT #300 ROSEMOUNT COMMONS STREET AND UTILITY IMPROVEMENTS TOTAL PROJECT COST FUNDING SOURCES PROJECT FUNDING SUMMARY CITY PROJECT #300 ROSEMOUNT COMMONS STREET AND UTILITY IMPROVEMENTS TOTAL PROJECT COST FUNDING SOURCES AMOUNT Streets: Assessments $307,017 Subtotal $307,017 Storm Drain: Assessments $175,437 Subtotal $175,437 Sanitary Sewer: Assessments $184,210 Subtotal $184,210 Watermain: Assessments $210,526 Subtotal $210,526 TOTAL FUNDING $877,190 133.4 NI 3lV3S ow M6IN N3II1 S 9 Z£ I£ om 0 om /A618 6I8 N_GTU a soa - Jllp •M Is H1091 k co cv i 0 ' 8! 3'13N 3> z i r S Li ' 9SI N O li V:D 0 -1 0 'M ' I s c: ma M r t.IS r r �7 7> ` c� <� 3 D D j 1�� rrl ri! 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