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Notifications were not required for this case as the property owner is petitioning the City to construct the <br />improvements and assess the costs back to them, and is waiving their rights to petition against the assessments. <br />If Council authorizes advertisements for bids, staff will publish bid advertisements in the Anoka County Union <br />Herald and in Finance and Commerce on May 29th, June 5th, and June 12th, 2015. Bids will then be opened June <br />10, checked for errors and omissions, and presented to the City Council for acceptance and award of contract to <br />the lowest responsible bidder on June 23-d, 2015. <br />Observations/Alternatives: <br />Observations: <br />Bid prices on similar projects have been reasonable this spring, and staff anticipates to receive reasonable bids on <br />this project. <br />Alternatives: <br />Alternative Action #1 — Motion to adopt Resolution #15-05-111 approving final plans and specifications and <br />authorizing advertisements for bids for Ridgepoint residential development improvements, Improvement Project <br />#15-21. <br />Alternative Action #2 — Motion to deny adoption of Resolution #15-05-111 at this time. <br />Funding Source: <br />The Engineer's construction cost estimate is $469,722. As discussed in an earlier case, the City will fund the <br />improvements initially through the Public Improvement Revolving Fund, and the property owner will then pay the <br />City back over a period of three years via an approved Assessment Agreement which would be adopted by Council <br />prior to awarding a contract on June 23d. <br />Recommendation: <br />Staff recommends Alternative Action #1 if Council is comfortable funding the proposed improvements up front and <br />being reimbursed over a period of three years via an Assessment Agreement. <br />Staff supports Alternative Action #2 if Council is not comfortable with the proposed funding program. <br />Action: <br />Approve or deny adoption of Resolution #15-05-111 approving final plans and specifications and authorizing <br />advertisements for bids for Ridgepoint residential development improvements, Improvement Project # 15-21. <br />Res 1505111 <br />Plan Title Sheet <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 05/21/2015 12:55 PM <br />Form Started By: Bruce Westby Started On: 05/19/2015 04:05 PM <br />Final Approval Date: 05/21/2015 <br />