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Home My WebLink About6.o. Declare Cost/Set Public Hearing for 1996 Street & Utility Reconstruction Improvements, City Project #266 , CITY OF ROSEMOUNT EXECUTIVE SUMMARY FOR ACTION CITY COUNCIL MEETING DATE: September 16, 1997 AGENDA ITEM: Declare Cost/Set Public Hearing, 1996 AGENDA SECTION: Street & Utility Reconstruction Improvements, City Project Consent #266 PREPARED BY: Bud Osmundson AGENDA�1�:-�A � � 0 City Engineer/Public Works Director � S C�� ATTACHMENTS: Resolution, Costs/Funding Tables, Maps APPROVED BY: ��--- Attached are tables showing the costs and funding for the 1996 Street & Utility Reconstruction Improvements, City Project #266. The total construction cost was S 1,711,223, which included all watermain, sanitary sewer, storrn drain, sidewalk and street work, plus the NSP line burial which was completed through Erickson Park and along Highway 3. (That is included in the street line item in the Cost Summary.) Added to the construction cost are the costs for LEAF (�egal, Engineering, Administration and , Finance,) which are itemized on the cost summa�y and total 5288,692. This brings the total project cost to $1,999,915. The original project cost estimate in the Feasibility Report was 52.6 million. The funding for the project is as shown with the majority of the cost coming from the Street C.I.P., assessments and the three utility funding sources. Staff recommends that the Council set a public hearing to consider the assessments on October 21, 1997 at 8:00 p.m. RECOMMENDED ACTION: MOTION TO ADOPT A RESOWTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT, AND CALLING FOR HEARING ON THE PROPOSED ASSESSMENT FOR THE 1996 STREET AND UTILITY RECONSTRUCTION IMPROVEMENTS, CITY PROJECT #266. COUNCIL ACTION: 6 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 1997 - A RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT, AND CALLING FOR HEARING ON THE PROPOSED ASSESSMENT FOR THE 1996 STREET & UTILITY RECONSTRUCTION IMPROVEMENTS CITY PROJECT #266 WHEREAS, a contract has been let for the 1996 Street & Utility Reconstruction Improvements and the contract price for such improvement is 51 ,711,223, and the expenses incurred or to be incurred in the making of such improvement amount to $288,692 so that the total cost of the improvement will be $1,999,915. 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 51,819,915 and the portion of the cost to be assessed against benefited property owners is declared to be S 180,000. 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 1997, 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 II BE IT FURTHER RESOLVED by the City Council of Rosemount, Minnesota: I�I 1 . A hearing shall be held on the 21st day of October, 1997 in the City Hall at 8:00 p.m. i 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 Ci#y 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 the City Clerk shall state in the notice the total cost of the Resolution 1997 - improvement. , The City Clerk 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 I 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 16th day of September, 1997. Cathy Busho, Mayor ATTEST: Susan M. Walsh, City Clerk Motion by: Seconded by: Voted in favor: Voted against: 2 PROJECT COST SUMMARY CITY PROJECT#266 1996 STREET & UTILITY RECONSTRUCTION IMPROVEMENT PROJECT ITEM � AMOUNT CONSTRUCTION COST: Watermain $217,007.00 Sanitary Sewer $175,603.00 Storm Drain $541,656.00 Street $776,957.00 Subtotal $1,711,223.00 ENGINEERING: Design Engineering $89,000.00 Construction Engineering $66,000.00 Soil Borings/Testing $8,103.00 Subtotal $163,103.00 ADMINISTRATION, LEGAL, FINANCE Administration (5% Construction Cost) $85,561.00 Professional Services $105.00 Legal Notices $48I.00 Legal Fees $20,661.00 Recording Fees $196.00 Communication Costs $621.00 Bond Issuance Costs $17,334.00 Permits $630.00 Subtotal $125,589.00 TOTAL PROJECT COST $1,999,915.00 PROJECT FUNDING SUMMARY CITY PROJECT#266 1996 STREET & UTILITY RECONSTRUCTION IMPROVEMENT PROJECT TOTAL PROJECT COST -� FUNDING SOURCES AMOUNT Streets: Street CIP $304,000.00 Powerline Relocation CIl' $58,000.00 Sidewalk Repair CIP $28,000.00 Assessments $180,000.00 Subtotal $570,000.00 Storm Drain: Storm Water Core Fund $485,453.00 Storm Water Utility $485,452.00 Subtotal $970,905.00 Sanitary Sewer: Sewer Operating $204,472.00 Subtotai $204,472.00 Watermain: Water Operating $216,357.00 Water Core Fund $38,181.00 Subtotal $254,538.00 TOTAL FUNDING $1,999,915.00 134. 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