Agenda - Council - 04/10/2001 - Laserfiche WebLink

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He noted that the work mentioned by Street Superintendent Reimer is daily maintenance worI~::to address those issues but per/odically preventative maintenance is needed if sealcoat is_n° ~lo'nger :-'c, effective. City Engineer Jankowski stated that is a much higher cost level than ~e,~'d, ay-to-day''''.:''' maintenance work. Sue Olson asked what work is planned in Barthel's Rum River Estates 2nd,,,~dd~fion. '*"~i;i!i:;:~, City Engineer J ankowski stated it was constructed in 1982 and overlaid~:in~ i.~.::,; ':<.1 ~9'7i-:'-~'~: ";~?~':::~;,:~:~' ~ Sue Olson asked if there was a special assessment in 1997. ;:,."'}-:~:.;::~: City Engineer Jankowski answered affirmatively. ~-~7::.'?' .~,~':':),~ "~:,;¢:~ Marilyn Foumier, 5320 165th Lane NW, White Pin_'~'i:iEk~:~/~S:: Project #0i-'14,,,~ asked what else their taxes do not pay for. She stated her taxes went'~'way U~;.i~d noW:~hey are learning about a project that will be assessed. She noted the cost is estimated t0-:t,b,ei~}$54.64 plus interest over 10 years at 2 points over the government prime rate. '"':,~}:.'~;'~~ City Engineer Jankowski explained that the interest rate is determined ir~' ~ePtember of the year it is assessed and the amount can bePaid in'fUt~;w~thin30 days without anyinterest. · _.. : ..,,~ ,... 7i;:..~':' Councilmember Zimmerman ~u~gested Ms. Fournier Call' th~'Finan;e Director to ask about the interest rate. ,. ?~., ~- Ms. Olson asked where the interest payments-go,. Mayor Game6st~ted the money, is used to pa~:.6ff the~bonds '511;}'i i}'}'? used to pay for the project. City ~ngineer Jankowski explained that residenm';dhn pay the assessment in full at any .point but interest Grth~ coming yeh,r may be charged'~ai3'~nding on the month it is paid off. Councilmember Hendril~sen asked wh~/~h;e total assessment is for Ms. Fournier. Jankows~k[ktated:the estimated amount is $546. ,-~, Mr. Wrobei'stated when he" ~i~ed the petition he was told if 55% signed it, the project would be :~ stopped. ~.~!'!..._' .. ~'./~:.~ City Attorney ~G0'odrich stated that is correct but tonight is not the assessment heating, it is to ~ ~.":": .determine whbther the project is feasible. After tonight, people have 60 days to submit a -' 'With the required number of signatures. Then the Council will decide which projects move forWard:and which do not. Mr, W~,obel asked if the Council can move the High Point project forward if someone submits a -06- City Council/March 13, 2001 Page 14 of 31 I I I I I I I I I I I