HomeMy WebLinkAbout7.e. Broback Park Street & Utility Improvements, City Project #279 CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: October 5, 1999
AGENDA ITEM: Assessment Hearing - Broback Park Street AGENDA SECTION:
& Utility Improvements, City Project #279 Public Hearing
PREPARED BY: Bud Osmundson AGENDA����� � � �
City Engineer/Public Works Director
ATTACHMENTS: Resolution, Project Cost & Funding APPROVED BY:��
Summaries, Assessment Roll and Drawin
At the September 7, 1999 meeting the City Council declared costs and called for the
Public Hearing to consider the assessments for the Broback Park Street & Utility
Improvements, City Project #279. The total project cost was 5506,535. This total cost
includes $61,604 in Storm Water Core Fund costs due to the oversizing of pipe between
the pond and the 145th Street trunk storm drain. The remaining $444,931 are to be
assessed over the 29 lots which equates to 515,342.45. This assessment is payable
over a ten year period at an interest rate of 6.3955%.
If required, Staff will provide a brief overview of the project and answer any questions
that you or the public may have regarding this item.
Staff recommends that the City Council adopt the assessment roll as presented.
RECOMMENDED ACTION: MOTION TO ADOPT A RESOLUTION ADOPTING THE
ASSESSMENT ROLL FOR BROBACK PARK STREET AND UTILITY IMPROVEMENTS, CITY
PROJECT #279.
COUNCIL ACTION:
4
CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 1999 -
A RESOLUTION ADOPTING THE ASSESSMENT ROLL FOR
THE BROBACK PARK STREET AND UTILITY IMPROVEMENTS
CITY PROJECT #279
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 Broback Park
Street and Utility Improvements, City Project #279, 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 5444,931, a copy of which is in Clerk's
File 1999-36 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 1999, collectible with such taxes during the year 2000.
b. To the first installment shall be added interest at the rate of 6.3955% per annum
on the entire principal amount of the assessment from the date of this resolution until
December 31 of the year in which such installment is payable. 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 the County Auditor, 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 within 30 days from the date hereof; and
such property owner may at any time prior to November 15 of any year pay to the
County Auditor the entire principal amount of the assessment remaining due with
interest accrued to December 31 of the year in which said payment is made.
Resolution 1999 -
(3) The City Clerk shall forthwith transmit a certified duplicate copy of this assessment
roll to the County Auditor to be extended on the tax list of the County.
ADOPTED this 5th day of October, 1999.
Cathy Busho, Mayor
ATTEST:
Susan M. Walsh, City Clerk
Motion by: Seconded by:
Voted in favor:
Voted against:
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PROJECT COST SUMMARY
CITY PROJECT #279
IMPROVEMENTS
ITEM AMOUNT
CONSTRUCTION COST:
Watermain $56,777.00
Sanitary Sewer $44,214.00
Storm Drain $89,802.00
Street $193,646.00
Subtotal $384,439.00
ENGINEERING:
Design Engineering $22,352.00
Construction Engineering $40,225.00
Soil Borings/Testing $7,742.00
Subtotal $70,319.00
ADMINISTRATION, LEGAL, FINANCE
Administration (5% Construction Cost) $19,222.00
Legal Notices $376.00
Legal Fees $884.00
Communication Costs $0.00
Recording F�es $116.00
Easements $0.00
Capitalized Interest (98B) $26,786.00
Bond Issuance Costs $4,003.00
Permits $390.00
Subtotal $51,777.00
TOTAL PROJECT COST $506,535.00
PROJECT FUNDING SUMMARY
CITY PROJECT#279
IMPROVEMENTS
TOTAL PROJECT COST
FUNDING SOURCES � AMOUNT
Streets:
Assessments $253,268.00
Subtotal $253,268.00
Storm Drain:
Core $61,604.00
Assessments $54,899.00
Subtotal $116,503.00
Sanitary Sewer:
Assessments $60,784.00
Subtotal $60,784.00
Watermain:
Assessments $75,980.00
Subtotal $75,980.00
TOTAL FUNDING $506,535.00
CITY PROJECT#279
BROBACK PARK
STREET � UTILITY IMPROVEMENTS
ASSESSMENT BREAKDOWN
AREA ASSESSMENT AMOUNT
Broback Park Lots SS, H2O, STM, ST $444,931.00
TOTAL AMOUNT $444,931.00
Cost per lot in Broback Park $444,931.00 / 29 lots = $15,342.45
Capitalized Interest Costs
$27,857.82 (G.O. Improvements Bonds, 1998B)
- $1.072.06 (Interest Earnings)
$26,785.76
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