11/25/1996 Council Minutes - Laserfiche WebLink

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COUNCIL MINUTES NOVEMBER 25, 1996 studying the concept of developing a Town Center at the southeast quadrant of the 35W/49 interchange. It is necessary that water main and sanitary sewer be extended to serve the properties on the south side of 35W in order for the commercial and light industrial projects to move ahead. Mr. Ahrens described the proposed improvements as follows: The proposed improvements include the construction of approximately 4,400 feet of sanitary sewer and water main. Construction will start at the south end of the utility jacking under 35W to be completed by the Centennial Middle School Utility Project. The utilities will extend north along the south side of 35W and the Oasis gas station to the west side of Lake Drive. The utilities are sized appropriately to accommodate ultimate development of the properties in this area. With respect to financing, Mr. Ahrens offered the following: The estimated costs for the project are outlined in the feasibility report and are summarized below. The costs include a 10% contingency allowance and a 30% allowance for engineering, legal and financing costs. Improvement Amount Sanitary Sewer $329,200 Water Main $253,300 Total $582,500 Project financing will follow the City of Lino Lakes policy on financing public improvements. Trunk costs, including over sizing of pipes and extra depth construction, are proposed to be funded by the City through the Area and Unit Fund. The remaining costs are proposed to be funded by special assessments to benefiting properties. The following is a summary of funding sources for the proposed project: Funding Source Special Assessments Area and Unit Funds Total Amount $495,300 $ 87,200 $582,500 Mr. Ahrens added that assessments to benefiting properties are proposed for this project according to City Charter and State Statute. The proposed project is located in a portion of the City that is exempt from the Charter. All public improvements in the subject area are subject to Minnesota Statutes Chapter 429. Homesteads that exist in this area can petition against the proposed improvements and delay any special assessments to their property until such time that the property is no longer residential or until the property owner connects to the utilities. Each of the three property owners that reside in this area has been contacted and it is expected that they will sign a petition prior to the public hearing. Assessments are proposed at the following rates: 6