The URL can be used to link to this page

Home My WebLink About7. Street Reconstruction Plan Public Hearing-Res. No. 7073TO: Mayor and Council Mark McNeill, City Administrator CITY OF SHAKOPEE Memorandum FROM: Gregg Voxland, Finance Director SUBJ: Street Reconstruction Plan Public Hearing DATE: December 18, 2010 Introduction In order to fund certain projects by issuing bonds, Statutes require that a public hearing be held. The approval of the plan satisfies the conditions to be able to issue bonds but does not commit the Council to issuing the bonds or proceeding with any project on the list. Background Generally, projects that are not for recreation facilities, are not special assessments projects under MSA 429, but are for other public buildings and street reconstruction can be funded by issuing bonds without an election but require a public hearing on a Capital Improvement Plan or a Street Reconstruction Plan. The Plan and preliminary issuance of bonds has to be approved by all Council members present. Projects eligible to be funded by reconstruction bonds includes some traffic safety enhancements and the city share of projects by the county and state in addition to actual street reconstruction. MSA 475.58 provides that; "If a petition requesting a vote on the issuance is signed by voters equal to five percent of the votes cast in the last municipal general election and is filed with the municipal clerk within 30 days of the public hearing, the municipality may issue the bonds only after obtaining the approval of a majority of the voters voting on the question of the issuance of the obligations." It is planned to have one bond issue in 2011 to fund the special assessment share of the TH 300 reconstruction project, the 2011 street recon project and the city share of the county project for reconstruction of HWY 101 Fillmore to Marschall. Based on the CIP, there are no plans to issue bonds in 2012. Attached is the 5 year street reconstruction plan for which bonds would be issued under MSA 475.58. Council needs to hold a public hearing and adopt the plan in order to issue bonds for those projects. Items to be covered in the hearing are; 1. The streets to be reconstructed. 7 2. The estimated cost. 3. The planned reconstruction of streets over the next 5 years. The action gives preliminary approval to issue bonds for the street reconstruction projects listed. The normal approval process for each project still has to be followed as does final approval to actually issue bonds. The Plan should be updated annually as needed. Action 1. Open the public hearing. 2. Presentation 3. Public comment /questions 4. Close the hearing 5. Offer Resolution No. 7073 A RESOLUTION ADOPTING A FIVE YEAR STREET RECONSTRUCTION PLAN and move its adoption. Gregg Voxland Finance Director Budgetil /cipil /recon RESOLUTION NO. 7073 A RESOLUTION ADOPTING A FIVE YEAR STREET RECONSTRUCTION PLAN WHEREAS, MSA 475.58 requires adoption of a five year Street Reconstruction Plan in order to issue bonds to fund eligible projects, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHAKOPEE, MINNESOTA, that the attached five year Street Reconstruction Plan is hereby adopted and preliminary approval is given for the issuance of General Obligation bonds in the amount of $4,185,000 to pay for projects included in the Plan. Adopted in session of the City Council of the City of Shakopee, Minnesota held this Fourth day of January, 2011. ATTEST: City Clerk Mayor of the City of Shakopee City of Shakopee, MN Street Reconstruction Plan Bonding MSA 475.58 TH 300 Recons Assess 380,000 2011 Recon Assess 335,000 2011 Recon Levy 785,000 CR 101 - Spencer 325,000 Recon Assess 3rd Ave Recon Levy 3rd Ave CR 17 expansion (county) CR 17 Vierling Intersection Estimated Annual Tax Levy - 10 years Total Project Cost TH 300 Recons Assess 2011 Recon CR 101 - Spencer Recon 3rd Ave CR 17 expansion (county) CR 17 Vierling Intersection 2011 2012 2013 2 2015 Total 1,825,000 151,000 2,200,000 1,910,000 710,000 4,820,000 240,000 560,000 1,100,000 460,000 1,260,000 1,100,000 140,000 151,000 1,350,000 1,700,000 25, 000, 000 4,185,000 3,050,000 25,000,000 - 32,870,000 City of Shakopee Capital Improvement Program 2011 -2015 Project Manager: Bruce Loney A. Expenditure Items: Land & ROW Construction Improvements Engineering /Admin. Total B. Funding Source: General Fund Capital Improvement Fund Park Reserve Fund Grants (specify) Donations (specify) State Aid Assessments Sanitary Sewer Fund -Base Sanitary Sewer Fund -Trunk Storm Drainage Fund -Base Storm Drainage Fund -Trunk Tax Levy Total Project Type: Street Construction 2011 1,750,000 450,000 2,200,000 250,000 1,320,000 380,000 250,000 2,200,000 2012 (SPUC) (State Turnback Funds) PROJECT LOCATION Project Title: TH300 Reconstruction 2013 2014 Total Project Cost: $2,200,000 2015 Description: Reconstruction of old T.H. 300. 6th Avenue, from 10th Avenue to Webster Street and 10th Avenue, from 6th Avenue to C.R. 69. Justification: To continue with the rehabilitation of the City's infrastructure in the older sections of the community. Other Comments: City does qualify for State turnback funds for improving Old T.H. 300, which has been turn backed to the City. Operating Costs: City of Shakopee Capital Improvement Program 2011 -2015 Project Manager: Bruce Loney A. Expenditure Items: Land & ROW Construction Improvements Engineering /Admin. Total B. Funding Source: General Fund Capital Improvement Fund Park Reserve Fund Grants (specify) Donations (specify) State Aid Assessments Sanitary Sewer Fund -Base Sanitary Sewer Fund -Trunk Storm Drainage Fund -Base Storm Drainage Fund -Trunk Tax Levy Total Project Type: Street Construction 2011 1,710,000 200,000 1,910,000 370,000 335,000 320,000 100,000 785,000 1,910,000 2012 (SPUC) PROJECT LOCATION Project Title: 2011 Reconstruction Project 2013 2014 Total Project Cost: $1,910,000 2015 Description: Street, sanitary sewer, storm sewer and watermain reconstruction. Justification: To continue with the rehabilitation of the City's infrastructure. Other Comments: Streets should be reconstructed with old T.H. 300. Turnback funds for T.H. 300 are available in 2011. Operating Costs: City of Shakopee Capital Improvement Program 2011 -2015 Project Manager: Bruce Loney A. Expenditure Items: Land & ROW Construction Improvements Engineering /Admin. Total B. Funding Source: General Fund Capital Improvement Fund Park Reserve Fund Grants (specify) Donations (specify) State Aid Assessments Sanitary Sewer Fund -Base Sanitary Sewer Fund -Trunk Storm Drainage Fund -Base Storm Drainage Fund -Trunk Tax Levy Total Project Type: Street Construction 2011 570,000 140,000 710,000 260,000 125,000 325,000 710,000 2012 PROJECT LOCATION Project Title: C.R. 101 Improvements, from CSAH 17 to Spencer Street 2013 2014 Total Project Cost: $710,000 2015 Description: Street, sanitary sewer, storm sewer and watermain improvements to C.R. 101, from CSAH 17 to Spencer Street. Justification: Other Comments: This would be a County project with the City contributing funds for sanitary sewer, storm sewer, street lighting and sidewalk. Costs above are only for the City's portion of the project. Operating Costs: City of Shakopee Capital Improvement Program 2011 -2015 Project Manager: Bruce Loney A. Expenditure Items: Land & ROW Construction Improvements Engineering /Admin. Total B. Funding Source: General Fund Capital Improvement Fund Park Reserve Fund Grants (specify) Donations (specify) State Aid Assessments Sanitary Sewer Fund -Base Sanitary Sewer Fund -Trunk Storm Drainage Fund -Base Storm Drainage Fund -Trunk Tax Levy Total Project Type: Street Construction 2011 2012 PROJECT LOCATION Project Title: 3rd Avenue Street Reconstruction 2013 1,100,000 250,000 1,350,000 260,000 240,000 240,000 50,000 560,000 1,350,000 2014 (SPUC) Total Project Cost: $1,350,000 2015 Description: Street, sanitary sewer, storm sewer and watermain reconstruction on 3rd Avenue, from CSAH 17 to Spencer Street and on Minnesota Street, from 3rd Avenue to C.R. 101. Justification: To continue with the rehabilitation of the City's infrastructure in the older sections of the Community. Other Comments: Operating Costs: City of Shakopee Capital Improvement Program 2011 -2015 Project Manager: Bruce Loney A. Expenditure Items: Land & ROW Construction Improvements Engineering /Admin. Total B. Funding Source: General Fund Capital Improvement Fund Park Reserve Fund Grants (specify) Donations (specify) State Aid Assessments Sanitary Sewer Fund -Base Sanitary Sewer Fund -Trunk Storm Drainage Fund -Base Storm Drainage Fund -Trunk Tax Levy Total Project Type: Street Construction 2011 2012 PROJECT LOCATION Project Title: CSAH 17 Expansion 2013 12,000,000 1,000,000 13,000,000 12,200,000 250,000 550,000 13,000,000 2014 11,000,000 1,000,000 12,000,000 11,200,000 250,000 550,000 12,000,000 Total Project Cost: $25,000,000 2015 (County) Description: Expansion of CSAH 17, from St. Francis Avenue to CSAH 42. Justification: Projected traffic volumes warrant the expansion of CSAH 17. Other Comments: City costs will be for a bituminous trail, storm sewer and concrete curb & gutter. Operating Costs: City of Shakopee Capital Improvement Program 2011 -2015 Project Manager: Bruce Loney A. Expenditure Items: Land & ROW Construction Improvements Engineering /Admin. Total B. Funding Source: General Fund Capital Improvement Fund Park Reserve Fund Grants (specify) Donations (specify) State Aid Assessments Sanitary Sewer Fund -Base Sanitary Sewer Fund -Trunk Storm Drainage Fund -Base Storm Drainage Fund -Trunk Tax Levy Total Project Type: Street Construction 2011 PROJECT LOCATION 2012 Project Title: CSAH 17Nierling Drive Intersection Improvements 2013 230,000 1,200,000 270,000 1,700,000 1,100,000 140,000 460,000 1,700,000 2014 (Federal) (County) Total Project Cost: $1,700,000 2015 Description: CSAH 17Nierling Drive intersection improvements. Justification: Other Comments: Operating Costs: