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Notification: <br />No notifications are required for this case. <br />Observations/Alternatives: <br />Observations: <br />In addition to assessing the property owner for the improvement construction costs, assessments will be levied for <br />City staff time required to administer and inspect construction which is estimated at 5.5% of construction costs, and <br />for construction testing which is estimated at 2% of construction costs. <br />The contractor who submitted the lowest bid believes they can complete construction in 2015 if the City Council <br />also awards a contract for construction later this evening. <br />Alternatives: <br />Alternative #1 — Motion to adopt Resolution #15-08-193 approving the attached Assessment Agreement for <br />Ridgepoint Residential Development Improvements, Improvement Project 15-21. <br />Alternative #2 — Motion to deny adoption of Resolution #15-08-193 at this time. <br />Funding Source: <br />City Improvement Project 15-21 is proposed to be funded from the Public Improvement Revolving (PIR) fund, <br />which will then be paid back in full over a period of three years using the special assessments levied against the <br />property owner via the Assessment Agreement. <br />Recommendation: <br />Staff recommends approving Alternative #1. <br />Action: <br />Motion to approve or deny adoption of Resolution #15-08-193. <br />Attachments <br />Resolution 15 08 193 <br />Ridgepoint Assessment Agreement <br />Form Review <br />Inbox Reviewed By Date <br />Diana Lund Diana Lund 08/06/2015 11:57 AM <br />Kurt Ulrich Jo Thieling 08/06/2015 12:07 PM <br />Diana Lund Diana Lund 08/06/2015 01:14 PM <br />Form Started By: Bruce Westby Started On: 06/16/2015 08:08 AM <br />Final Approval Date: 08/06/2015 <br />