Minutes - Public Works Committee - 01/18/2005

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he thought is something the Council will need to keep in mind when discussing budget/bonding issues. City Engineer Jankowski noted that staff does have seven years of projects identified. Councilmember Cook requested that the City Council be provided with that information. Motion carried. Voting Yes: Chairperson Elvig, Councilmembers Cook, and Olson. Voting No: None. Case #6: Receive Feasibility Study Ebony Street & Highway 47 Frontage Road The City received a petition for various utility and street improvements on September 15, 2004. This petition was considered by the City Public Works Committee on September 21, 2004, and was forwarded to the City Council with a recommendation that a feasibility study be prepared. This recommendation was ratified by the City Council at the October 12, 2004 meeting. This project includes sewer, water and street improvements and anticipates utilizing a number of financing sources. A summary of the project costs is presented below: FINANCING Lateral Watermain Street Total Funding Source Sewer & Looping Improvements Project Water Special Assessments $ 48,960 $ - $ 24,199 $ 73,159 Sewer & Water $ - $ 33,113 $ $ 33,113 Trunk Funds City General Funds $ - $ - $ 24,199 $ 24,199 TOTAL $ 48,960 $ 33,113 $ 48,397 $ 130,470 In addition to the Special Assessment costs shown above, trunk assessments in the amount of $17,793 will be levied on the parcels, which will be receiving sewer and water availability. This amount will partially offset the trunk fund expenditure caused by this project. If adjacent parcel subdivide or develop to a more intensive land use, this project also provides the potential to collect additional trunk and lateral benefit charges in the future without incurring additional construction costs. The feasibility study should be reviewed to insure that the Committee is in agreement with methods proposed for assessment or funding of the various project elements. A summary of the funding scheme utilized in the study is as follows: · Lateral sewer and water - shall be 100% assessed to the petitioning property owners based upon front footage. This cost also includes the removal and replacement of the bituminous base course of the street. · 14/atermain looping shall be paid by the City's sewer and water trunk fund. This cost includes the removal and restoration of the bituminous base course attributable to the watermain looping. · Street Improvements - shall be assessed 50 % of the cost to all property owners based upon front footage. This is consistent with the assessment practices followed under Public Works Committee/January 18, 2005 Page 18 of 27