Agenda - Council - 10/25/2016 - Laserfiche WebLink

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regarding special assessments were received therefore Staff does not anticipate receiving any objections to the final assessments during the Assessment Hearing. Alternatives: Alternative#1 —Motion to adopt Resolution 916-10-201 adopting the assessment roll certifying 2016 Mill and Overlay Improvements,Improvement Project#16-00 Division B. Alternative 92—Motion to deny adoption of Resolution#16-10-201 at this time. Funding Source: This improvement project is included in the City's current 5-year Street Reconstruction and Overlay Plan, and is proposed to be funded using a combination of street reconstruction and overlay bond funds, special assessments to benefiting properties, and stormwater utility funds in the following estimated amounts: • Special assessments=$2,850(3 benefiting properties assessed$950 each) • Street overlay bond funds=$214,122 ($2,850 to be paid back from special assessments) • Stormwater utility funds= $18,878 Street overlay bonds were issued in the amount of$300,000 to cover all eligible project costs, including costs to be recovered through special assessments to benefiting properties. Recommendation: Staff recommends Council approval of alternative 91. Action: Approve or deny adoption of Resolution 916-10-201 adopting the assessment roll certifying assessments for 2016 Mill and Overlay Improvements, Improvement Project#16-00 Division B. Attachments Resolution Title Sheet IP1600B Notice to Residents Assessment Map Assessment Roll MN Statute Ch 429 Special Assessments Policy Charter Chapter 8 Form Review Inbox Reviewed By Date Joe Langel Joe Langel 10/20/2016 04:39 PM Diana Lund Kathy Schmitz 10/20/2016 04:48 PM Kurt Ulrich Kurt Ulrich 10/20/2016 04:58 PM Form Started By:Bruce Westby Started On: 10/12/2016 06:50 AM Final Approval Date:10/20/2016