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<br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Mayor and City Council 7.2 <br />Agenda Section Meeting Date Prepared by <br />Public Hearings September 7, 2021 Brandon Wisner, Engineering Project Manager <br />Item Description Reviewed by <br />LORE Project Assessment Resolution Amanda Erickson, Environmental Coordinator <br />Peter Beck, City Attorney <br />Reviewed by <br />Cal Portner, City Administrator <br /> <br />Action Requested <br />Approve, by motion, a resolution adopting the assessment roll for the LORE project. <br /> <br />Background/Discussion <br />Planning for the LORE project commenced over five years ago. Since then, many meetings were held with <br />stakeholders to ensure a successful project. The dredging removed 140,469 cubic yards of material, reduced <br />shoreline erosion, and was completed at a cost less than the engineer’s estimate. <br /> <br />Due to favorable bids, the project expenditure was $2,693,184.40, significantly lower than predicted. The city <br />received $1.5 million in state grant funding for the project. An additional $1 million was allocated via the Active <br />Elk River project and at the June 21, 2021, meeting, Council decided the remaining balance of $175,120 will be <br />paid for by benefiting lakeshore property owners including the City of Elk River. <br /> <br />LORE Project Expense Totals <br /> <br />WSB Consulting $186,001.98 <br /> <br />New Look Contracting $2,302,114.09 <br /> <br />Right of Entry Agreement $6,222.79 <br /> <br />Archaeological Study $3,656.25 <br /> <br />Fish Restocking (approved February 2021) $7,000.00 <br /> <br />Miscellaneous (legal, publication, ERMU staff time) $2,339.29 <br /> <br />City staff time $185,850.00 <br /> <br />Total Project Expenditure $2,693,184.40 <br /> <br /> <br />The LORE Feasibility Summary Memo prepared on May 19, 2020, defined the properties to be assessed and used <br />the same methodology for calculating individual assessments as from the 1998 sediment removal project. <br />Residential Equivalent Unit (REU) were defined in this memo and detailed for the 180 parcels included, totaling <br />173 REUs for assessments. The city will pay 26 REUs based on the amount of city-owned land adjacent to Lake <br />Orono. Each REU will be charged $880.00, which is less than outlined in the May 19, 2020, Feasibility Summary <br />Memo. <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br /> Updated: August 2020 <br /> <br />