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City Council Minutes Page 11 <br /> August 21,2006 <br /> Mr.Maurer stated the Boston/Concord Improvement assessment was required at$17,500 <br /> • but the residents in the Highland Improvement would not be required to hookup. <br /> Councilmember Farber questioned what would happen if the actual cost came in lower than <br /> the estimated. <br /> Ms.Johnson stated the city tried to reach a reasonable assessment number.She stated if the <br /> number is too low,the city would be subsidizing the project. <br /> Councilmember Gumphrey stated the$15,000 was too high for an assessment and it should <br /> be Iowered. <br /> MOVED BY COUNCILMEMBER GUMPHREY TO RECOMMEND $12,000 BE <br /> ASSESSED TO HIGHLAND ROAD IMPROVEMENT RESIDENTS FOR <br /> HOOKING UP TO SEWER AND WATER.Motion failed for lack of a second. <br /> MOVED BY COUNCILMEMBER MOTIN AND SECONDED BY <br /> COUNCILMEMBER DIETZ TO RECOMMEND$15,000 BE ASSESSED TO <br /> HIGHLAND ROAD IMPROVEMENT RESIDENTS FOR HOOKING UP TO <br /> SEWER AND WATER WITH A THREE PERCENT RATE INCREASE PER <br /> YEAR. <br /> MOTION CARRIED 34.Councilmember Gumphrey opposed. Councilmember Farber <br /> abstained because his property is included in the Highland Road Improvement. <br /> • Councilmember Motin stated if the cost is too prohibitive the Council could consider <br /> lowering the rate and the residents who paid the higher rate would be reimbursed. <br /> 5.12. School Street/Jackson Avenue Intersection Analysis Update <br /> Mr.Maurer explained several alternatives for improving the intersection operations at <br /> School Street and Jackson Avenue. <br /> Councilmember Motin expressed concerns with using MSA funds for this project due to the <br /> account being low. <br /> Councilmember Dietz questioned if there were other alternatives for funding this project. <br /> Ms.Johnson stated the city could use reserves but there is competition for these funds. <br /> It was the consensus of the Council to move forward with this project and to have staff <br /> bring back more detail regarding costs and to ask the School District for right-of-way for a <br /> right turn lane onto School Street. <br /> 6.1. Resolution Giving Preliminary Approval for the Issuance of General Obligation Capital <br /> Improvement Plan Bonds in an Amount Not to Exceed$5 Million and Adopting the City of <br /> Elk River,Minnesota Capital Improvement Plan,Public Hearing <br /> Ms.Johnson stated a public hearing is needed to consider the city's Capital Improvement <br /> Plan for the purpose of issuing Capital Improvement Bonds for construction of a new <br /> • library. She discussed the bond amount and modifications on the Capital Improvement <br /> Plan. <br />