Agenda - Council - 04/23/1979 - Laserfiche WebLink

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consulting engineers d" " ' vers fled nc, p.o. box j. osseo, minnesota 553¢~ u (~12) 425-2181 civil municipal planning environmental land surveying geotechnics April 19, 1979 Honorable Mayor and City Council City of Ramsey 15153 Nowthen Boulevard N.W. Anoka, Minnesota 55303 Re:,~Supplement to Feasibility Study on Proposed Bituminous Street Paving 161st Avenue N.W. & Llama Street N.W. Dear Council Members: As requested at your April 16, 1979 council meeting, we have reviewed alternate methods for financing the above referenced project and are submitting four additional assessment alternatives in this supplement. We have also met with your administrator and street superintendent to determine an equitable city share of the project based on.savings ih.maintenance costs. We estimated the total grading per year to be 50 hours including the travel time to the area.. Using the current rate of $37 per hour for a blade and operator the annual maintenance cost is $1850. Based on eight percent, interest, a payment of $1850 per year for ten years would cover a present day loan of $12~40~. With the price of labor and energy increasing over the next ten years, we would'anticipate that the savings to the city will far exceed the $12,400. However, the bituminous streets will also require minimal maintenance which would offset any increased savings over the $12,400. For the purpose of discussion we have used a city share of $12,400 in three of the assessment alternatives. However, the City Council may elect to change or delete the city share. Following is a brief summary of five alternate assessment methods: ALTERNATE I This alternate is the same as presented in the feasibility study, which does not include a city share. Under this alternative 40 percent of the project would be keith caswetl jr. r] darrell schneider ~ richard sha