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On July 11, 2017, the City Council adopted Resolution #17-07-170 authorizing the preparation of a Feasibility <br />Report for the reconstruction of HY-10 Ramsey. These streets were originally included in the City's CIP as <br />proposed 2015 overlay improvements. However, the overlay work was delayed when construction of the Highway <br />10 & Armstrong Boulevard Interchange was funded. Then following completion of the Interchange, the pavement <br />was re-evaluated and Staff determined it would be best to reconstruct these streets in the future. This project is now <br />listed in the current 10-year CIP as a total reconstruction. <br />Upon ordering the Feasibility Report, the City Council directed Staff to review the existing street alignments and <br />explore whether the streets should be reconstructed in the same locations, or whether it might make sense to realign <br />or extend one or more of the streets to better serve existing properties and/or to connect to the new Bunker Lake <br />Industrial Park. <br />Engineering Staff explored numerous alternative street alignments and/or extensions. In May of 2018, the <br />Development Review Committee (DRC), consisting of Staff from various departments, reviewed several design <br />alternatives and recommended the following. Reconstruct all streets in their current footprints using pavement <br />sections similar to the existing sections, and replace all existing bituminous curb on 146th Avenue and Ferret Street. <br />The DRC also recommended extending the existing watermain 147th Avenue to the west side of Ferret Street since <br />147th Avenue will likely not be modified during redevelopment, and construct concrete curb and gutter along 147th <br />Avenue to Ferret Street. Due to the uncertainty of future redevelopment scenarios, Staff determined there are too <br />many unknowns to justify the expense of realigning or extending any of the streets at this time. <br />This Feasibility Report proposes to reconstruct the existing bituminous pavement section using the Full Depth <br />Reclamation (FDR) process. This process generally involves reclaiming the entire existing bituminous pavement <br />section, along with an inch or more of the existing aggregate base material. A portion of this reclaim (ground and <br />mixed) material is proposed to be spread and compacted on top of the reshaped and compacted existing aggregate <br />base. Three and one-half inches of bituminous pavement is proposed to be placed on top of a minimum of 6 inches <br />of aggregate base/reclaim material. This pavement section generally meets the existing pavement section on these <br />streets, and would generally meet the City of Ramsey's standard pavement design for residential streets. <br />Though the design strength of the proposed pavement section may be slightly less than a typical industrial park <br />pavement section, Staff believes it will provide a useful life of at least 30 years based on the life achieved by the <br />existing pavement section. And due to the large number of parcels currently on the market in this development, <br />Staff believes there is great potential for redevelop of HY-10 Ramsey within the next 10 to 20 years, which could <br />result in the potential realignment of streets. <br />The engineer's opinion of probable costs including streets, drainage, and public water utilities is $287,646.45. <br />Estimated costs include 10-percent contingency costs plus 23-percent indirect costs for administrative, engineering, <br />finance and legal costs. A summary of the engineer's opinion of probable costs is included inAppendix B in the <br />attached Feasibility Report. <br />The project is proposed to be funded using a combination of special assessments to benefitting properties, street <br />reconstruction bond proceeds, and stormwater utility funds. Sewer and Water Utility Funds would be used to pay <br />for any public utility improvements. <br />Nine (9) parcels have been identified as receiving special benefit from the improvements. Four of the parcels have <br />permanent structures, and the other five are undeveloped. Several of these parcels are currently listed for sale, <br />including two City -owned parcels. These parcels are identified in the preliminary Assessment Map and Roll, which <br />is attached inAppendix C. <br />Assessments were calculated using the area method, which is typically used for commercial applications. Staff <br />recommends ordering a special benefit consultation report for this project to verify the proposed assessment amount <br />will not exceed the benefit to the properties. If the report concludes the benefit to the properties is less than the <br />proposed preliminary assessment rate, Staff will then propose to lower the assessment rate accordingly during the <br />Assessment Hearing, which is proposed for October 8, 2019. If the report verifies the assessment rate as proposed <br />