5.4. SR 05-03-2010 - Laserfiche WebLink

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APPENDIX B -INFORMATIONAL MEETING INFORMATIONAL MEETING FOR THE 2010 MAIN STREET PAVEMENT REHABILITATION PROJECT MONDAY. APRIL 26.2010 - 6:30 P.M. ELK RIVER CITY HALL -UPPER TOWN CONFERENCE ROOM Attendees: See attached sign-in sheet. John Anderson, City Engineer gave a brief PowerPoint presentation. The City Council ordered a feasibility study on Apri119, 2010 and the informational meeting with the neighborhood is part of completing that study. The Council has directed staff to have an informational meeting with the neighborhood to solicit input as to whether or not to proceed with the proposed project this year. Mr. Anderson explained the scope of the streets involved in the proposed project He indicated that the sanitary sewer lines would not be televised based on discussions with the City of Elk River. He indicated that the water system has been reviewed by the Elk River Municipal Utilities and there will be no improvements at this time. He indicated that there are no known problems with the storm sewer either. With regard to the street improvements, he indicated that the proposal is to do full-depth reclamation of the bituminous surface. This involves grinding up the existing bituminous with the existing aggregate base to make a blended mix. As much as possible will be left in place; the only portion that will be removed is to allow enough room for the new bituminous to be placed. There will be two lifts of bituminous pavement placed with an approximate total thickness of 4 inches. Concrete curb and sidewalk is intended to be left in place, since it is in very good condition. There will be some minor spot repairs of concrete curb and sidewalk as needed, mainly in conjunction with the pedestrian curb ramp repairs. He indicated that pedestrian curb ramps that do not meet current standards will be replaced. The estimated project cost was shown to be approximately $671,500. Properties previously assessed in 2003, 2005, 2008, and 2009 will not be assessed for this project Fox assessment purposes, it was estimated that there are 70 - 90 assessable units; some single family that would be assessed at 1 unit; some residential multi-unit that would be assessed at .25 per unit; some commercial that would be assessed at 2 units, and some agriculture that would be assessed at 1 unit. The assessment rate is assumed to be between $1,400 and $3,750 and finalized by the City Council Mr. Anderson stressed that the final assessment rate will be based on several factors including street width, proposed pavement section, and traffic usage. The assessment is proposed to be financed at 3.5% for 5 years. It was indicated that the city would consider extending the term up to 7 years at an interest rate of 4.25% if an individual requested it in writing. The individual request is necessary because there will be an increase in the total amount paid, if the term is extended from 5 to 7 years; or the city would consider an equal payment option which would lower the annual payment in the early years but raise it in the late years versus the amortization schedule shown. Finally, a brief schedule was shown. It was indicated that staff would be reporting back to the City Council on May 3rd with the outcome of this informational meeting. It was also indicated that anyone who was not in attendance could still send an email to John Anderson's email, which was in the letter announcing the meeting, and that would become part of the records presented to the City Council. If the project were to proceed, plan preparation, bidding, public hearing, and assessment hearing would be accomplished between May and July. It was indicated that the public hearing and assessment hearing would likely be held the same evening, so that the neighborhood does not have