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<br />with the improvement of streets in the Shenandoah neighborhood. The LaMotte and West <br />Shadow Lake Drive project where approved in 2018. <br /> <br />The next round of improvements are tentatively scheduled for 2021. Staff is in the process of <br />preparing the 2021 – 2024 5 Year Street Reconstruction plan for consideration by the Council. <br />As noted previously, Street Reconstruction Bonds are the primary funding source for these <br />improvements. Under State law, street reconstruction bonds can be issued without election <br />provided the following requirements are met: <br /> <br />a) The City must prepare a 5 year street reconstruction plan <br />b) The City must hold a public hearing <br />c) The City Council must approve the plan by unanimous vote. <br />d) A 30-day period must elapse during which time a petition may be submitted <br />requesting an election. The petition must be signed by voters equal to 5% of the <br />votes cast in the last municipal general election. <br />e) If no petition is received the city may issue bonds without election. <br /> <br />City Charter requirements are not applicable, provided no special assessments are proposed for <br />the street reconstruction improvements under the street reconstruction project. However, as <br />noted, the plan is subject to a reverse referendum. <br /> <br />At this time staff is proposing consideration of a street reconstruction plan schedule that includes <br />completing the next two program phases over the next five years as follows: <br /> <br />Phase Streets <br />2021 4th Avenue (Main Street to Pine Street), Karth Rd, Joyer Ln, Talle Ln, Canfield Rd, and <br />Gaage Ln. <br />2024 Diane Street, 81st St, Elbe St. Danube St. Evergreen Trail and tentatively Red Maple <br />Lane <br /> <br />This represents a slight change from the 2021 project included in the last plan. Due to <br />increasingly deteriorating conditions the Karth Area roads where moved up to 2021. This also <br />allowed for including Evergreen Trail with the Diane area streets in 2024. <br /> <br />Staff is working with WSB & Associates to develop cost estimates. Plan scope may be reduced <br />to adjust for planned expenditures. Once completed we will work with the City’s financial <br />consultant, Baker Tilly, and bond counsel, Kennedy & Graven, to review debt schedules and <br />prepare the 5 Year Street Reconstruction for City Council consideration and public hearing. <br /> <br />Requested Council Direction <br /> <br />Staff is requesting direction to proceed with preparation of the 5 Year Street Reconstruction <br />Plan. <br /> <br />Attachments <br /> <br />1. Draft - 5 year Street Reconstruction Plan Map