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MINUTES <br />CITY COUNCIL <br />OCTOBER 17, 2012 <br />if they meet certain criteria. He noted, however, that interest continues to <br />accrue on deferred assessments. <br />The City Engineer reviewed the proposed Final Assessment Roll as well <br />as an assessment amortization schedule showing the payments and interest <br />should an assessment be certified to Ramsey County for collection with <br />property taxes. <br />It was noted that there is no one present from the general public wishing to <br />comment on this matter. It was also noted that the City has received no <br />written objections to the assessment. <br />Upon motion by McGraw, seconded by Boss, the public hearing was <br />closed. <br />Keis introduced the following resolution and moved its adoption: <br />RESOLUTION NO. 2012 -10- 181 — ADOPTING THE ASSESSMENT <br />FOR IMPROVEMENT NO. 2011 -01, PARK STREET (FROM <br />COUNTY ROAD C TO DEMONTAVENUE) BY MILL AND <br />OVERLAY OF BITUMINOUS ROAD SURFACE AS WELL AS <br />REPAIR/REPLACEMENT OF DAMAGED CONCRETE CURB AND <br />GUTTER AS PRESENTED BY THE CITY ENGINEER <br />The foregoing resolution was duly seconded by Boss. <br />Ayes (4). <br />Nays (0). Resolution declared adopted. <br />IMP. NO. Mayor Blesener opened the Public Hearing to consider adoption of <br />2012 -02 the assessment roll for Improvement No. 2012 -02, Rosewood Drive <br />ROSEWOOD (from County Road C to the cul -de -sac), by mill and overlay of <br />DRIVE bituminous road surface as well as repair /replacement of damaged <br />concrete curb and gutter sections. <br />The City Engineer reviewed the project costs, noting the feasibility <br />estimate for the improvement was $117,500. The low bid came in at <br />$107,851.74 while actual construction costs were $115,107.71. The City <br />Engineer reported that final costs exceeded the low bid given poor soils in <br />the western portion of the project. He explained that this area was milled <br />and overlaid, but moisture was pulled up and the pavement failed. The <br />needed correction was made and the cost of that correction was <br />approximately $8,000. <br />The Engineer reported that final assessable cost of this project is <br />$57,553.87. He indicated that based on the City's Assessment Policy, the <br />2 <br />