HomeMy WebLinkAbout6.g. Declare Costs for Assessment/Set Public Hearing, Shannon Pond South Street & Utility Improvements, City Project #288 � CITY OF ROSEMOUNT
• EXECUTTVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: September 21, 1999
AGENDA ITEM: Declare Costs for Assessment/Set Public AGENDA SECTION:
Hearing, Shannon Pond South Street&Utility Consent
Improvements,City Project#288
PREPARED BY: Bud Osmundson AGENDA NO.
City Engineer/Public Works Director ��� � �
ATTACHMENTS: Resolution,Project Cost&Funding APPROVED BY:
Summaries, Drawing
Attached are copies of Project Cost and Funding Summaries for the Shannon Pond South Street&
Utility Improvements, City Project#288.
City Project#288 was initiated through a petition from Hampton Development on December 1, 1998.
The Feasibility Report Project Cost Estunate was $732,000 and the project was completed in the
summer of 1999 for a total cost of$529,139. This total cost includes approximately$14,886 attributable
to the Watermain Core Fund. The remaining costs are to be assessed against Shannon Pond South.
Staff is recommending setting a public hearing for October 19, 1999 to consider these assessments.
RECOMMENDED ACTION: MOTION TO ADOPT A RESOLUTION DECLARING COSTS TO BE
ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT AND CALLING
FOR HEARING ON THE PROPOSED ASSESSMENT FOR SHANNON POND SOUTH STREET
AND UTILITY IlV�ROVEMENTS, CITY PROJECT#288.
CITY COUNCIL ACTION:
� CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 1999 -
A RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT, AND CALLING
FOR HEARING ON THE PROPOSED ASSESSMENT
SHANNON POND SOUTH STREET AND UTILITY 1MPROVEMENTS
CITY PROJECT #288
WHEREAS, a contract has been let for the Shannon Pond South Street & Utility
Improvements and the contract price for such improvement is $430,256, and the expenses
incurred or to be incurred in the making of such improvement amount to 598,883 so that
the total cost of the improvement will be. 5529,139.
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 514,886 and the portion of the cost to be assessed against benefited property
owners is declared to be $514,253.
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
1999, 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 far public inspection; and
BE IT FURTHER RESOLVED by the City Council of Rosemount, Minnesota:
1 . A hearing shall be held on the 19th day of October, 1999 in the City Hail 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 feast two weeks prior ,
`to the hearing, and she shall state in the notice the total cost of the improvement.
She shafi also cause maiied 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 sa 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 21 st day of September, 1999.
Cathy Busho, Mayor
ATTEST:
Susan M. Walsh, City Clerk
Motion by: Seconded by:
Voted in favor:
Voted against:
2
PROJECT COST SUMMARY
CITY PROJECT #288
SHANNON POND SOUTH
STREET AND UTILITY IMPROVEMENTS
ITEM AMOUNT �
CONSTRUCTION COST:
Watermain $89,360.00
Sanitary Sewer � $102,041.00 .
Storm Drain $104,336.00
Street $134,519.00
Subtotal $430,256.00
ENGINEERING:
Design Engineering $29,236.00
Construction Engineering $40,376.00
Soil Borings/Testing $2,237.00
Subtotal $71,849.00
ADMINISTRATION, LEGAL, FINANCE
Administration (5% Construction Cost) $21,513.00
Legal Notices $322.00
Legal Fees $267.00
Recording Fees $188.00
Bond Issuance Costs $4,354.00
Permits $390.00
Subtotal $27,034.00
TOTAL PROJECT COST $529,139.00
PROJECT FUNDING SUMMARY
CITY PROJECT#288
SHANNON POND SOUTH
STREET AND UTILITY IMPROVEMENTS
TOTAL PROJECT COST
FUNDING SOURCES AMOUNT
Streets:
Assessments $164,033.00
Subtotal $164,033.00
Storm Drain:
Assessments $126,994.00
Subtotal $126,994.00
Sanitary Sewer:
Assessments $126,993.00
Subtotal $126,993.00
Watermain:
Core $14,886.00
Assessments $96,233.00
Subtotal $111,119.00
TOTAL FUNDING $529,139.00
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