5.5.B. 05-04-2009 - Laserfiche WebLink

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Narf oll~ Area T~f orrna~iona~ Meeting Minutes Apri122, 249 Page ~ the citywauld consider extending the term up to I~ years if an individual requested it. 'The individual request is necessarybecauset~ere will be an increase in the total gaunt paid, if the term is extended from 7' to ~a years; ar the citywould consider an equal payment option which would lower the annual payment the early yeas but rare it in the late years versus the amarti~ation schedule shown, finally, a brief schedule was shown. It was indicated that staff ~rould be reporting back to the pity o~ncil ors May ~,xh with the outcarnc of this inf armational meeting, Tt was als o indicated that anyone urho eras not i~ attendance could still surd a~ email to Tee Maufei's errrail, which eras in the letter announcing the meeting, and that mould become part of the rccard presented to the pity C~auncil, If the project were to proceed, plan preparation, bidding, public hearing, and assessment hearing would be accorrrplihed between May and,~uly~ It was indicated that the public hung and assessment hearing would likely be held the same evening, so that the neighbarhaad is not invited back Mice to hear basically the carne inf oration, If e project proceeded after hearings, construction would begin in August and be complete by October, with tk~at as background, the inf ormatiorral meeting was opened to questions, The f ollowin is s~yof the questions that were asked and the awers that were given: question. could stiulus maneybe available to fund anyof this A~swe~: 'The city has applied f ar stimulus .oney on a number of projects including transportation projects ~ ~e have nit been successf ul in getting any stimulus money at this point in time; but, the criteria have seen indicates that neighborhood streets would not qu.alif y~ The city has applied for a~.d is hoping that some stin~.ulus n~aneywill be made available to do some work on Mein Street, ue~tio~; Igo the assessments go an our t~es~ A~~we~: Yes. The city uses the county as the collection agency. Property owners always have the option to prepaythe assessment to avoid interest ar to prepay at anytime during the life of the assessment, If you choose not to prepayit, each year the citywill certifyto the countythe atnaunt that is due f or the assess meat that particular year, ~ of that money will be due with your tai bill in Mayand the other half will be due with your second tax payment in October. question; auld the construction be an openbidding process? Answer: Yes. e would follawstate lwand solicit competitive sealed bids opened at a specific time and place f or this project. uestion~ I~ow many bids da you normally get and would you expect more, given the econan~y? Ansv~e~: This project would primarily be a paving project, s o T would expect that paving cantractars would typically general this type of bid., e have nornly received ~ - S bids an paving projects and. I would anticipate that many ar sore, given the econQmy~ uestian; sari you predict e price of this project if were to wait a yearn A~swe~: It is very difficult to predict haw things will change over the period of a couple of years. ~ think it is f airrly saf e to assume that off. is about a low as it ~ going to ga, ~s soon as the economy starts to pick up and hopefullythat will happen within two years, the demand f or oil will lil~ly make the price rise. Also, an economy where there is more work gut there for cantractars of this nature will also make the prices rise. u~st~a~~: Is any work scheduled far Main Street? Answer: There is na work an Maul Street as part of this proposed praject. ~s indicated earlier, the city dies anticipate f ull--depth recla~tian of Main Street, but we are waiting to see if any stimulus