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HomeMy WebLinkAbout5.A.4. Declaring a Cost to be Assessed and Establish a Public Hearing for Project No. 2007-3-Res. No. 6661 s. ft. Y. CITY OF SHAKOPEE Memorandum TO: Mayor & City Council CO~JSENT Mark McNeill, City Administrator FROM: Jeff Weyandt, Assistant City Engineer SUBJECT: Declaring a Cost to be As~essed and Establish a Public Hearing for the Pike Lake Road and Street "A" Improvements, Project No. 2007-3 DATE: September 18, 2007 INTRODUCTION: Attached is Resolution No. 6661, a resolution declaring the costs to be assessed, ordering the preparation of proposed assessments and setting a public hearing date for the Pike Lake Road and Street "A" Improvements, Project No. 2007-3. BACKGROUND: On February 7, 2007, City Council adopted Resolution No. 6580, approving the plans and specifications and ordering the advertisement for bids for the Pike Lake Road and Street "A" Improvements, Project No. 2007-3. On April 17, 2007, City Council adopted Resolution No. 6599, a resolution which accepts the bids and awards the contract for the Pike Lake Road and Street "A" Improvements. The improvements have essentially been completed with the final costs for construction at $511,716.04. The total costs associated with administration, financing and engineering for the project is $160,000.00. The attached resolution shows how these costs are being paid and the total cost to be assessed. Project financing sources include the City of Shakopee (CIF Fund), Shakopee Public Utilities and assessments to the benefiting properties. From the feasibility report to the project completion, the funding summary is as follows: Feasibilitv Reoort Proiect Comoletion Assessments $ 693,710.00 $550,709.64 City (CIF) $ 80,225.00 $ 68,886.40 Shakopee Public Utilities $ 48.365.00 $ 52.120.00 Total Costs $ 822,300.00 $671,716.04 ALTERNATIVES: 1. Adopt Resolution No. 6661. 2. Deny Resolution No. 6661. 3. Adopt Resolution No. 6661, with Council modifications. 4. Table for additional information. RECOMMENDATION: Staff recommends Alternative No.1, to adopt Resolution No. 6661, declaring the cost to be assessed and ordering the preparation of proposed assessments for the Pike Lake Road and Street "A" Improvements, Project No. 2007-3, with a public hearing to be held on October 16, 2007, if Resolution No. 6661 is approved. ACTION REQUESTED: Offer Resolution No. 6661, A Resolution Declaring the Costs to be Assessed and Ordering the Preparation of Proposed Assessments for the Pike Lake Road and Street "A" Improvements, Project No. 2007-3 and move its adoption. 91+L.J~ Jeff Weyandt Assistant City Engineer JW/pmp ENGR/2007PROJECTSIPIKE-LAKE-RD/WORD/MEM6661-DECLARE-COSTS RESOLUTION NO. 6661 A Resolution Declaring The Costs To Be Assessed And Ordering the Preparation Of Proposed Assessments For The Pike Lake Road And Street "A" Improvements Project No. 2007-3 WHEREAS, a contract has been let for the construction of the Pike Lake Road and Street "A" Improvements as described in the feasibility report, and the contract price for such improvements was $527,749.99, and the final contract price for such improvement is $511,716.04, and the expenses incurred or to be incurred in the making of such improvement amounts to $160,000.00, so that the total cost of the improvements will be $671,716.04. Of this cost the City of Shakopee will pay $68,886.40 and Shakopee Public Utilities Commission win pay $52,120.00. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHAKOPEE,MINNESOTA: 1. The cost of such improvement to be specially assessed. is hereby declared to be $550,709.64. 2. The City Clerk, with the assistance of the City Engineer, shall forthwith calculate the proper amount to be specially assessed for such improvement against every assessable lot, piece, or parcel of land within the district affected, without regard to cash valuation, as provided by law, and keep a copy of such proposed assessment in her office for public inspection. 3. That the City Clerk shall, upon the completion of such proposed assessment, notify the City Council thereof. BE IT FURTHER RESOLVED: 1. That a hearing shall be held on the 16th day of October, 2007, in the Council Chambers of City Hall at 7:00 P.M. or thereafter, to pass upon such proposed assessments and at such time and place all persons owning property affected by such improvements and proposed assessments will be given an opportunity to be heard with reference to such assessment. 2. That the City Clerk is hereby directed to cause a notice of the hearing on the proposed assessment to be published once in the official newspaper of the City of Shakopee at least two weeks prior to the hearing and she shall state in the notice the total cost of the improvements. She also shall cause mailed notice of such hearing to be given to the owner of each parcel described in the assessment roll not less than two weeks prior to the hearing. Adopted in session of the City Council of the City of Shakopee~ Minnesota, held this day of ,2007. Mayor of the City of Shako pee ATTEST: City Clerk f ENGR/2007PROJECTSIPlKE-LAKE-RD/WORDIRES666]-DECLARE-COSTS