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<br />Northstar Business Park <br />August 30, 2005 <br /> <br />Page 2 <br /> <br />assessing the cost against the EDA. Attached are two resolutions for the City Council's <br />consideration to initiate the assessment process. The first resolution determines the cost to <br />be assessed and orders the preparation of the assessment roll. You will note that this <br />resolution indicates a construction price of $740,000. This is the actual Northdale <br />Construction bid plus a construction contingency, since the assessment is being levied prior <br />to construction taking place. When final construction costs are known, the assessment will <br />be adjusted to only include actual costs. The second resolution establishes a date for the <br />assessment hearing of October 3,2005. We would recommend adoption of both of these <br />resolutions. <br /> <br />If you have any questions, I will be in attendance at your September 6, 2005 City Council <br />meetmg. <br /> <br />Sin~l <br />;UA~\}jjfaat/~ <br />T~;Yj.~~~~~PE <br />City Engineer <br /> <br />S:\EngineerImprovProj\2005 Improvement Projects\Nonhstar Business Park\08 3005 cc memo.doc <br />