Laserfiche WebLink
extension of the amortization schedule. The City Attorney has indicated the assessment <br />timeframe can be extended to 15 years. <br /> <br />Mayor Gamec inquired about the actual project cost. <br /> <br />City Engineer Jankowski indicated the estimated project costs are included in Appendix B. The <br />estimated project cost is $200,600; with the project overhead of 25% the total estimated project <br />cost is $250,000. The assessments would be $6,599 per property; there are two property owners <br />with multiple properties. The annual cost would vary from $1,089 per year down to $703 per <br />year for the first year of a ten year amortization at an interest rate of 6 ½%o. <br /> <br />Dell Howe, 16471 Sapphire Street NW, stated he would not contest a lot that Mr. Jankowski has <br />stated, with the exception of the 25% contingency in the overhead. 25% of $100,000 is a lot less <br />than 25% of $200,000, but the administrative end of it is still basically the same. <br /> <br />City Engineer Jankowski indicated he understands Mr. Howe's point, but wherever staff has <br />been able to identify the final cost they have used that in the final estimate. The more difficult <br />thing is the administrative costs, and a percentage is used in order to recover costs. <br /> <br />Councilmember Cook explained the City will be administering the funding of this project for 10 <br />or 15 years, depending on the length of the loan, so that cost will not be known for 10 or 15 <br />years. <br /> <br />Mr. Howe stated the history of Welcomes Road sand trail is well known. At the March 28t~ <br />Council meeting the issue of setting a precedent was raised and Engineer Jankowski was directed <br />to meet with the residents. He shared thoughts that might shave off some money. The residents <br />understand the Council's concerns about setting a precedent. They would like the Council to <br />consider the following things. In assessing specific differences he got an inventory of all the <br />unimproved streets in Ramsey. Without exception, paving all these streets except Welcomes <br />Road would require little or no additional fill to be brought in. Welcomes Road is one of the <br />longest sections of unpaved road in the City; Puma Street only has one house on it. Welcomes <br />Road is the only linked north/south road in this area. All the other unpaved roads serve only the <br />immediate residents and are dead-ends or have readily available options to access other streets. <br />Welcomes Road is much more than just a residential street; it has the reputation of being a <br />readily available muddy road after a rain. It will be some time until there are road extensions <br />completed in this area, meanwhile, the development in the area with the heavy equipment will <br />likely continue to use Welcomes Road. It would be logical to look to the developers to incur <br />some of the cost for upgrading Welcomes Road, not to mention the property damage from the <br />heavy equipment. His concrete driveway had a very heavy vehicle drive in on it, which crushed <br />the concrete. He has seen drivers pull onto other driveways when they meet each other on the <br />road. Mr. Howe stated Welcomes Road serves as an arterial road. He requested the City <br />consider helping these affected residents to a greater extent than what has been offered. <br /> <br />Mayor Gamec explained there is a lot of traffic on Chameleon Street, which has so much water <br />at times that they drive up on people's yards. Also, off of Highway 47 there is an unplatted <br />addition where the traffic all filters back. These are similar situations, and they have all been <br />handled the same way. <br /> <br />City Council / May 23, 2006 <br />Pagell of 20 <br /> <br /> <br />