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CITY OF LAKE ELMO W-0 "_61-111"111-101 go KX 1 X93 =01 1091 A RESOLUTION RECEIVING A FEASIBILITY REPORT FOR THE 2015 STREET, DRAINAGE AND WATERMAIN IMPROVEMENTS AND CALLING HEARING ON IMPROVEMENT WHEREAS, pursuant to city council authorization, adopted on July 1, 2014, a feasibility report has been prepared by FOCUS Engineering, Inc. for the 2015 Street, Drainage and Watermain Improvements; and WHEREAS, the feasibility report recommends that benefitting properties along the project route be assessed all or a portion of the cost of the improvements pursuant to the city's Special Assessment Policy and Minnesota Statutes, Chapter 429; and WHEREAS, the feasibility report provides information regarding whether the proposed improvement is necessary, cost-effective, and feasible; whether it should best be made as proposed or in connection with some other improvement; the estimated cost of the improvements as recommended; and a description of the methodology used to calculate individual assessments for affected parcels. I . That the City Council has received the feasibility report; however, the City Council does not authorize calling a public hearing at this time to consider the improvements in accordance with the report and the assessments of the abutting properties for all or a portion of the cost of the improvements pursuant to Minnesota Statues, Chapter 429 at an estimated total project cost of $1,843,000 for the street and drainage system improvements and an estimated total project cost of $1 056,000 for the watermain improvements. 2. If at a future date, the Council elects to move forward with the improvements, a public hearing shall be held on such proposed improvements at a time and date to be specified and the clerk shall give mailed and published. notice of such bearing and improvement as required by law. ADOPTED BY THE LAKE ELMO crry COUNCIL ON THE SEVENTH DAY OF OCTOBER, 2014. CITY 0 ELM Mike Pearson Mayor Resolution No. 2014-80