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The improvements are proposed to be financed through a combination of special assessments to <br />the benefiting properties, G.O. Improvement Bonds, Ramsey County, the Environmental Utility <br />Fund, an I &I grant, W.A.C. funds, other City of Maplewood funds, and the St. Paul Water fund. <br />Additionally, 50 percent of the costs associated with McMenemy Street are proposed to be funded <br />by the City of Little Canada. <br />The following is a summary of the estimated financing for the proposed project. <br />G.O. IMPROVEMENT BONDS <br />$2,529,000 <br />50% <br />RAMSEY COUNTY (SIDEWALKS) <br />$176,000 <br />3% <br />SANITARY SEWER FUND <br />$279,000 <br />6% <br />I & I GRANT <br />$39,000 <br />1% <br />ENVIRONMENTAL UTILITY FUND <br />$460,000 <br />9% <br />SPECIAL BENEFIT ASSESSMENT <br />$697,000 <br />14% <br />ST. PAUL WATER <br />$480,000 <br />10% <br />W.A.C. FUND <br />$58,000 <br />1% <br />CITY OF LII ILE CANADA <br />DRIVEWAY REPLACEMENT PROGRAM <br />$243,000 <br />$35,000 <br />5% <br />1% <br />TOTAL FUNDING <br />$4,996,000 <br />100% <br />9.0 PROJECT SCHEDULE <br />The following schedule may be implemented, should it be determined to proceed with the project: <br />Receive feasibility study <br />Order public hearing <br />Public hearing <br />Approve plans and specs /authorize advertisement for bids <br />Bid date <br />Assessment hearing <br />Accept bids /award contract <br />Begin construction <br />Assessments certified to Ramsey County <br />Complete construction <br />4/8/2013 <br />4/8/2013 <br />5/13/2013 <br />10/14/2013 <br />11/6/2013 <br />11/11/2013 <br />11/11/2013 <br />5/1/2014 <br />11/1/2014 <br />11/1/2014 <br />10.0 CONCLUSIONS AND RECOMMENDATION <br />From the results of the feasibility study and investigations, it can be concluded that: <br />1. The project is feasible as it relates to general engineering principles, practices and <br />construction procedures as it has been presented in this report. <br />2. The project is necessary for economic and safety reasons and is cost effective when all the <br />related costs are considered — environmental, private, and public. <br />3. The proposed improvement is necessary to maintain the city's infrastructure. <br />4. The total cost estimate for the project is $4,996,000. <br />5. The total share proposed to be assessed to the benefited properties is $697,000. <br />6. The total city share of these costs is proposed to be $2,529,000 in G.O. Improvement Bonds. <br />22 <br />32 <br />