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As previously discussed, Capstone Homes requested that the City assess them for the share of project costs <br />benefitting their property. Conversely, AKM Farm/Paxmar does not support an assessment at this time. As such, <br />the Chapter 429 assessment process will continue to be followed, which will require a final assessment hearing on <br />October 13, 2020. <br />Several funding sources are available to pay for the City's share of street and trail project costs including the Public <br />Improvement Revolving (PIR) fund, the Anoka County Redevelopment Authority (ACHRA), and Municipal State <br />Aid (MSA) funds. All project costs required to extend trunk utilities along Puma Street are proposed to be paid <br />through City sewer and water funds. The developer's share of these costs will be recovered through trunk fees at the <br />time of development. <br />City staff will inspect construction and assist with project administration. <br />Recommendation: <br />Staff recommends alternative #1 to support current and continued development in the area. <br />Attached is a bid award recommendation letter from project engineer Bolton & Menk, Inc. <br />Action: <br />(This section was updated June 19th after opening bids.) <br />Motion to adopt Resolution #20-130 accepting bids and awarding a construction Contract to Douglas -Kerr <br />Underground, L.L.C. from Mora, MN in the amount of $622,062.11 for Puma Street Improvements, Improvement <br />Project #20-04. <br />A roll call vote is required. Approval requires a four -fifths majority vote of all members of the Council. <br />Attachments <br />Riverstone Cover Sheet <br />AKM Farms Concept Plan <br />BMI Proposal 031720 <br />Resolution 20-130 <br />Assessment Amounts <br />BMI Bid Award Ltr <br />Inbox <br />Kurt Ulrich <br />Kurt Ulrich <br />Bruce Westby (Originato <br />Bruce Westby (Originato <br />Kurt Ulrich <br />Kurt Ulrich <br />Form Started By: Bruce Westby <br />Final Approval Date: 06/19/2020 <br />Form Review <br />Reviewed By <br />Kurt Ulrich <br />Kathy Schmitz <br />Bruce Westby <br />Bruce Westby <br />Kathy Schmitz <br />Kathy Schmitz <br />Date <br />06/18/2020 03:34 PM <br />06/19/2020 02:02 PM <br />06/19/2020 02:20 PM <br />06/19/2020 02:21 PM <br />06/19/2020 02:27 PM <br />06/19/2020 02:28 PM <br />Started On: 06/01/2020 03:40 PM <br />