Agenda - Council - 02/13/2007 - Laserfiche WebLink

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the number of accesses to these streets. This project will assess fronting properties along • these streets the average sealcoating assessment for 2007 program in accordance with Assessment Policy No 6. The remaining projects have been aggregated by subdivision or similar lot sizes and will be assessed per unit in accordance with Assessment Policy No. 1. Table 5 of the feasibility study summarizes this year's project costs and anticipated individual assessments. The total cost of all improvements is anticipated to be $896,608, of which $32,332 will come from developer escrows and $1- 24,000 will be financed through MSA funds. Funding for individual projects is divided equally between assessments and the City general fund budget. Sealcoat project assessments are anticipated to range between $221 and $316 per property. The overlay projects have anticipated assessments which.range between $1,194 and $2,053 per property. Notice has been sent to all benefited property owners as required by City Code and Minnesota Statues Chapter 429. In addition a resident meeting on the program was held on January 31, 2007. More than twenty residents attended this open house and another ten residents phoned staff with questions or comments as a result of the open house notification. In addition to answering questions regarding the program, residents identified several locations where drainage and other types of improvements should be made prior to the contracted work being performed. Staff will investigate the suggested drainage improvements and prepare a program to address them prior to the contract being let for the street work. Following the public hearing, the Council should direct an revisions to the feasibility • Y study it deems necessary as a result of the comments made at the public hearing, as the feasibility study will serve as the basis for determining the work to be performed and the method in which costs will be financed. Assuming no petitions are received from a majority of the benefited properties opposing the improvement, the Council will be asked to order the projects at the April 24, 2007 meeting. It is anticipated that contracts will be awarded at the May 22, 2007 Council meeting and work will be performed during June through July. Final costs will be presented at the assessment hearing on September 25, 2007. Residents wishing to pay the assessment for the work will have until November 1, 2007 to pay the assessed amount to the City. Afterward the City will certify the assessment to Anoka County to be collected with interest on the property tax statements over the specified number of years (three years for sealcoats and ten years for overlays). Council Action: None required, unless modifications to the feasibility study are desired. Reviewed by: Interim City Administrator Assistant Public Works Director/Principal Engineer Finance Officer • CC: 02/13/07 —92—