Agenda - Council - 01/10/2017 - Laserfiche WebLink

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thereby being reused on site. This analysis will be discussed with Council in detail at the time the Feasibility Report is presented for approval. The City of Ramsey's Street Assessments Policy allows 25%of street reconstruction project costs to be assessed against benefiting properties. Staff is therefore requesting that the City Council order a Feasibility Report for the proposed Rivers Bend Street Reconstruction improvements to meet the requirements of Minnesota Statue Chapter 429 and allow special assessments to be considered as a partial funding source. Notification: No notifications are required for this case. Observations/Alternatives: Observations: Preparing a Feasibility Report will allow staff to further refine estimated costs and propose a funding program for the proposed improvements,while also allowing the City to consider using special assessments against benefiting properties as a partial funding source for this project. The Feasibility Report will explore numerous aspects of the proposed improvements including whether they are feasible and necessary,whether they are cost-effective, and whether they should be completed as proposed or in conjunction with some other improvement project. The estimated costs of the proposed improvements will be explored in more detail, as will a project funding program including a description of the methodology used to calculate individual assessments for benefiting parcels. A proposed project schedule will also be identified. Staff anticipates requesting Council acceptance of the Feasibility Report on January 24th and ordering a Public Hearing for February 14th. This schedule will allow the project to proceed in a timely manner for 2017 construction,while also complying with all applicable provisions of the City Charter,the City's Special Assessments Policy, and Minnesota Statute Chapter 429. Alternatives: Alternative#1 —Motion to adopt Resolution 417-01-016 ordering a Feasibility Report for Improvement Project 917-02,Rivers Bend Street Reconstructions. Alternative 42—Motion to deny adoption of Resolution#17-01-016 at this time. Funding Source: The Feasibility Report will be completed in-house as part of Staff's regular duties.Pavement corings were previously completed which verified that the existing pavement section is insufficient for milling operations.No further expenses are anticipated The City's current Capital Improvement Plan (CIP)identifies the streets listed above as proposed 2017 mill and overlay improvements. Changing the project to a full reconstruct would still allow the City to utilize street reconstruction and overlay bonds to fund the proposed improvements. The preliminary cost estimate for constructing the proposed Rivers Bend Street Reconstructions project is $225,000. More details on estimated project costs and funding sources and amounts will be addressed within the Feasibility Report and will be discussed in detail when the Feasibility Report is presented to Council for consideration of approval. Based on 2013 cost estimates, the City of Ramsey is funding approximately$11,000,000 for annual Street Maintenance Program projects over the 5-year period from 2015 to 2019. This equates to an average annual expenditure of$2,200,000 to fund all sealcoat,mill and overlay,and street reconstruction projects. The City currently budgets$500,000 annually for sealcoat projects, leaving$1,700,000 to fund all annual mill and overlay and street reconstruction projects. Per the recently adopted Special Assessments Policy, special assessments may be utilized to fund a portion of mill and overlay and street reconstruction projects. Staff therefore proposes to use