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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />· Minnesota Department of Health <br />· Minnesota Pollution Control Agency (NPDES) <br /> <br />Watermain <br />Grading/Storm Water Quality <br /> <br />VII. INFORMATIONAL HEARING <br /> <br />An informational hearing was held on December 5, 2006 with the affected property <br />owners. The project was discussed and residents were encouraged to voice their <br />concerns and to ask questions. Approximately 31 of the 190 properties notified for the <br />informational meeting were in attendance. The major issue appeared to be whether or <br />not to include sidewalks. A walk through will be scheduled with the residents prior to <br />construction. Appendix B describes the informational hearing in more detail including <br />minutes and the signup sheet. <br /> <br />VIII. ESTIMATED PROJECT COST <br /> <br />The estimated construction costs and associated overhead costs for the proposed <br />improvements are summarized in Table 1. Based on past experiences on similar <br />projects in the City, the overhead costs have been estimated at 28% of the total <br />construction cost. The overhead costs include city administration, engineering design, <br />fiscal, and legal costs. <br /> <br />Table 1 <br />Project Cost Estimate <br />Storm Sewer and Street Improvements <br />Administration, Engineering, Fiscal, & Legal (28%) <br />Contingency (5%) <br />Total Project Cost <br /> <br />$ 3,556.800 <br />$ 995.900 <br />$ 177 ,800 <br />$ 4,730,500 <br /> <br />IX. FINANCING AND ASSESSMENTS <br /> <br />The improvements discussed in this report are proposed to be financed through a <br />number of different methods. Benefiting properties would be assessed on a per unit <br />basis for street, curb and gutter, sidewalks, and storm sewer. A residential lot that could <br />not be further subdivided would be assessed as one unit. Lots that can be subdivided <br />would be assessed as multiple units as appropriate. The number of assessable units is <br />approximately 190, as shown on Exhibit 8. In accordance with the adopted Pavement <br />Rehabilitation Report, the proposed assessment is $6,650.00 per unit. The total <br />assessment amount would then be $1,263,500. <br /> <br />Based on the estimated total project cost of $4,730,500, and total assessments of <br />$1,263,500, the remaining project cost to be funding by the City is $3,467,000. <br /> <br />6 <br />