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Howard R. Green Company <br />Project No. 806550J <br /> <br />Feasibility Study 175th Avenue Improvements <br /> City of Elk River <br /> <br />permanent right-of-way and necessary temporary easements for construction of the <br />improvements. The same is true of the Klein property, which is also owned by the <br />Developer's of the Park Pointe Addition. <br /> <br />IX. PROJECT SCHEDULE <br /> <br />The schedule for the 175th Avenue Improvement project, as provided in Table 4, is <br />based upon guidelines established in Minnesota State Statues, Chapter 429, Local <br />Improvements and Special Assessments. These dates will be revised if necessary as <br />the project develops. <br /> <br /> Table 4 <br /> Project Schedule <br /> <br />City Council Receives Feasibility Study and <br /> Orders Public Hearing and Assessment Hearing <br />Open Bids <br /> <br />Public Hearing, Resolution Ordering the Improvement and <br />Assessment Hearing/Resolution Adopting Assessment Roll <br />Award Bid/Start Construction <br />Construction Substantially Complete <br />First Payment Due with Real Estate Taxes <br /> <br />July 8, 2002 <br /> <br />July 25, 2002 <br /> <br />August 12, 2002 <br /> <br />August 2002 <br /> <br />Fall 2002 <br />May 2003 <br /> <br />X. CONCLUSION <br /> <br />The total estimated project cost, including overhead costs is $941,600. The project is <br />necessary and cost-effective. As previously stated, this cost will be financed through a <br />combination of assessments to benefiting properties and TEA-21 funds, Municipal State <br />Aid funds, Elk River Municipal Utilities funds, and City funds. <br /> <br />Based on the information gathered and the analysis presented the proposed <br />improvements discussed in this study are feasible from an engineering standpoint. The <br />financial feasibility of the project will be determined by the City through discussions with <br />the affected property owners. <br /> <br />9 <br /> <br /> <br />