12/03/2007 Council Packet - Laserfiche WebLink

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and pay the costs for connection from their home to the services on the right -of -way line (property line) nearest the street. Another major issue to consider with the utility improvements relates to the cost of reconstructing the street. The construction of utilities will require complete removal of the existing street, requiring its total reconstruction. The City's Pavement Management Program does not include this street within its five year reconstruction schedule. The cost of reconstructing streets not scheduled in the Pavement Management Program will be assessed to the benefited property owners. To better estimate the costs to be assessed to the property owners, a feasibility study for the proposed utilities and street reconstruction will need to be completed. A general estimate of the costs to be assessed to the property owners can be made based on recent similar projects in Lino Lakes. Similar projects indicate that the cost to you could be in the area of $20,000 - $30,000. Only after the completion of a feasibility study will a more accurate cost estimate be able to be provided. Whatever the amount of costs assessed to the property owner, a full payment can be made at the time of assessment or the costs can be assessed as part of your property taxes amortized with interest over a fifteen year period. The cost of such a feasibility study is approximately $ . Funding for the study is not provided for in the City's 2007 budget, nor is it included in the preliminary 2008 budget. If property owners were willing to pay for the study, it could be initiated immediately upon the receipt of this payment. Otherwise, it will be 2009 or later before the City could decide to fund the request and undertake the study. A preliminary process and project schedule if the project moves forward is as follows: - Order Preparation of West Oaks Area Utility Improvements Feasibility Study. - Hold Neighborhood Meeting - Receive West Oaks Area Utility Improvements Feasibility Study - Hold Neighborhood Meetings - Hold Public Hearing • Within 60 days after close of public hearing, the following petitions can be filed: — A petition against improvement by either majority of property owners proposed to be assessed or if initiated by (1 a) at least equal to number petitioning for improvement under (la). Council can not make improvement at expense of benefited property owners. Council can not vote on same improvement for one year from public hearing. - If petition for improvement at least equal to (4ai), then Council can order improvement. — Authorize Improvement Project & Preparation of Plans /Specifications — Hold Neighborhood Meetings — Approve Plans and Specifications — Accept Bids - Assessment Hearing — Award Contract - Hold Pre - Construction Neighborhood Meeting - Begin Construction