7.2. - 7.4. SR 09-27-1993 - Laserfiche WebLink

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ITEMS 7.2., 7.3., & 7.4. ~ / } ~ ~ )f ~ CONSUlTING ENGINEERS ->- ~_I Maier Stewart & Associates Inc. e September 23, 1993 Files: 230-159-58, 230-163-58, 230-164-58 Honorable Mayor and City Council City of Elk River 13065 Orono Parkway Elk River, MN 55330 RE: NEW DEVELOPMENT PROJECT ASSESSMENTS Dear Council Members: This past year, three projects have been undertaken by developers which now need to have the costs of the improvements assessed against the new developments. They are Heritage Landing, Mississippi Oaks, and Cherryhill Bluffs 2nd Addition. All three of these projects were petitioned for by the developers and at the same time the developers have waived their rights to a public hearing and assessment hearing. Therefore, there is no need to hold a formal assessment hearing before adopting the roll on these projects. e All that is required to complete the assessment process is the adoption of two resolutions. The fIrst resolution determines the cost to be assessed and orders the preparation of the assessment roll. The second resolution adopts the fInal assessment roll. Copies of draft resolutions for each assessment for each project listed are attached. A brief summary of each of the projects is as follows: 1. Heritage Landing The final project costs for the Heritage Landing improvements, including the site grading, are $649,933. This corresponds to a feasibility estimate, not including site grading, of $675,900. Given the site grading cost of over $60,000, the fInal project cost on this improvement is more than 10 % under the feasibility estimate. Attached are two resolutions, one determining the cost to be assessed and ordering the assessment roll, and the second adopting the fmal assessment roll. We would recommend that the City Council consider adoption of both of these. 2. Mississippi Oaks e The fInal project costs for the Mississippi Oaks project have been determined to be $487,017. As you are aware, this is cost associated with two different projects. A portion of the utility improvements were installed as part of the Heritage Landing development, and the remaining utility and street improvements were let under a separate contract specifIcally for the Mississippi Oaks development. This total project cost once again includes site grading. The feasibility study, which did not include site grading, estimated the cost to be $452,900. Given the estimated site 1959 SLOAN PLACE, SUITE 200, ST. PAUL, MINNESOTA 55117 612-774-6021 9800 SHELARD PARKWAY, SUITE 102, MINNEAPOLIS, tvllNNESOTA 55441 612.546-0432 . Equal Opportunity Employer 159-2310.sep