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to include the public improvement hearing and assessment hearing as required by MN State <br />Statue 429 and the 60 -day waiting period as required per the City Charter. <br />Conclusions and Recommendations <br />We find that this project is necessary, cost effective and feasible from a technical and <br />engineering standpoint. In reviewing the financing alternatives, it appears that the option of <br />connection charges at the time of connection has several advantages. First, the nature of <br />recapturing the capital expenditure is via a connection charge vs. an assessment which may be <br />counter - petitioned. The connection charge method also has a timing advantage, as it will not <br />be necessary to hold the public improvement hearings and assessment hearing that is required <br />by MN State Statutes, nor will it be necessary to have the 60 -day waiting period after the public <br />improvement hearing required by the City's Charter. Proceeding with this project using the <br />Lateral Benefit Charge as a mechanism for repayment of the capital investment will enable the <br />City to keep this project on schedule and will not jeopardize the $702,000 Co- operative <br />Agreement Grant. <br />This project is not recommended to be combined with any other projects. This project is large <br />enough to attract competitive bids as a stand -alone project. <br />We recommend that the City Council accept this report and proceed with the project utilizing <br />the established connection charge method as a funding /repayment mechanism for the capital <br />expenditure of extending the utilities. <br />141 Page <br />