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City Council Minutes October 26, 1994 Page 3 guarantees that specifications will be met, does not require extensive follow-up with staff and property owners, eliminates the cost of assessments, and is affordable within the city's capital budget. The initial cost is estimated at 56,500, which should decrease once the city undertakes the majority of the slabs in 1995. Hoyt and Maurer noted that sidewalk panel replacement is a cost that the city covers in St. Paul, St. Louis Park, Golden Valley, and Richfield. Councilmember Gibson Talbot inquired as to the annual cost of sidewalk panel replacement after the initial year. Maurer replied that after the initial 40 slabs are replaced, the city would only need to replace five to ten slabs per year. Councilmember Hustad moved a city financed sidewalk repair policy. The motion passed unanimously. CONSIDERATION OF RESOLUTION NO. 94-24, ORDERING A FEASIBILITY REPORT AND RECEIVING THE FEASIBILITY REPORT Engineer Maurer reported that the city is again proposing the reconstruction of some of the alleys in the Northome neighborhood. All alleys were recently evaluated, and with one exception, all are in need of some work. He is recommending the reconstruction of the five alleys rated in poor condition for the spring and summer of 1995, and is requesting that the city adopt an alley feasibility study so that preliminary survey work can be completed. The estimated cost of work on the five alleys is 5143,000. Councilmember Jacobs requested that the city discuss the alley assessment policy at the next council meeting. Councilmember Jacobs moved Resolution No. 94-24, ordering a feasibility report and receiving the feasibility report on alley reconstruction. The motion passed unanimously. CONSIDERATION OF RESOLUTION NO. 94-22, AUTHORIZING CITY CLERK TO APPLY FOR SCORE RECYCLING GRANT FUNDS FROM RAMSEY COUNTY Councilmember Hustad moved Resolution No. 94-22, authorizing city clerk to apply for recycling grant funds. The motion passed unanimously. CONSIDERATION OF RESOLUTION NO. 94-23, RELATING TO 1995 ALLEY IMPROVEMENT PROJECT DECLARING INTENT OF CITY TO REIMBURSE COSTS WITH TAX-EXEMPT BONDS Administrator Hoyt explained that the proposed resolution would allow the city the option to issue general obligation bonds to finance the alley reconstruction project. The city may decide at a later date to finance the project in another manner, but the council must pass the resolution to keep the bond option open.