10-10-2022 City Council Packet - Laserfiche WebLink

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CITY COUNCIL AGENDA ITEM 6F STAFF ORIGINATOR: Michael Grochala, Community Development Director MEETING DATE: October 10, 2022 TOPIC: Public Hearing. Consider Resolution No. 22-127, Approving Five Year Street Reconstruction Plan and Providing for Use of Unspent Bond Proceeds VOTE REQUIRED: Unanimous INTRODUCTION Staff is requesting City Council approval to amend the 2020-2024 Five Year Street Reconstruction Plan. BACKGROUND On June 22, 2020 the City Council approved the 2020 — 2024 Street Reconstruction Plan. The plan and subsequent approvals authorized issuance of Street Reconstruction Bonds for the 2021 Street Reconstruction project. This project included the following streets: Phase Streets Est. Cost 2021 4t" Avenue (Main Street to Pine Street), Karth Rd, Joyer Ln, Talle Ln, Canfield Rd, and Gaage Ln. $1,849,000 This project was substantially completed in 2021 with final completion planned in 2022. Due to cost underruns and no use of contingency staff has identified approximately $437,000 remaining in the project fund. Since these funds are restricted to use for street improvements staff is recommending adding an additional project for reconstruction in 2023. Pheasant Run is a 450' long cul de sac, lying north of Birch Street and east of Blackduck Drive. The Overall Condition Index rating of the street is 11 on a scale of 0 — 100. The street has undersized water main and poor stormwater drainage. The project would include full replacement of the water, sanitary and storm facilities. The estimated project cost is $850,000 with approximately 50% of the cost related to the street. This is generally consistent with the available funding in the 2021 Street Reconstruction Fund. To move forward with the project the City needs to amend the 2020 — 2024 Street Reconstruction Plan to identify the project. This requires a public hearing and unanimous vote by the City Council. Additionally, a 30-day period must elapse during which time a petition may be submitted requesting an election. If no petition is received the city may proceed with the project.