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CITY COUNCIL <br />AGENDA ITEM 6A <br /> <br /> <br />STAFF ORIGINATOR: Michael Grochala, Community Development Director <br /> <br />MEETING DATE: June 22, 2020 <br /> <br />TOPIC: Public Hearing. Consider Resolution No. 20-67, <br />Approving Five Year Street Reconstruction Plan and <br />Preliminary Approval of the Issuance of Street <br />Reconstruction Bonds <br /> <br />VOTE REQUIRED: 2/3 <br /> <br /> <br />INTRODUCTION <br /> <br />Staff is requesting City Council approval of the 2020-2024 Five Year Street Reconstruction <br />Plan and preliminary approval regarding the issuance of Street Reconstruction Bonds. <br /> <br />BACKGROUND <br /> <br />The City Council initiated a Street Reconstruction program in 2014 using Street Reconstruction <br />Bonds as the primary funding source. The initial phase of street reconstruction was undertaken <br />in 2015 with the improvement of streets in the Shenandoah neighborhood. The LaMotte and <br />West Shadow Lake Drive projects were approved in 2018. <br /> <br />At this time, staff is proposing consideration of a street reconstruction plan that includes <br />completing the next two program phases over the next five years as follows: <br /> <br /> <br />Phase Streets Est. Cost <br />2021 4th Avenue (Main Street to Pine Street), Karth Rd, Joyer Ln, Talle Ln, <br />Canfield Rd, and Gaage Ln. <br />$2,600,000 <br />2024 Diane Street, Evergreen Trail, and tentatively Red Maple <br />Lane <br />$4,400,000 <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 were moved up to 2021. <br /> <br />Our financial planning assumes approximately $3,250,000 for street reconstruction every three <br />years. 2021 was intended to be a smaller project following the West Shadow and LaMotte <br />reconstructions. Following discussion at the May City Council work session, staff reprioritized <br />the project phasing based on pavement condition, cost, and project locations. This resulted in <br />Danube, 81st Avenue, and Elbe Street being pushed back to 2027. <br /> <br />Staff has worked with the City’s bond counsel, Kennedy and Graven, to refine the plan to meet <br />the provisions of Minnesota Statutes 475 relating to street reconstruction and bituminous <br />overlays. City Charter requirements are not applicable, provided no special assessments are