#07 - Call for Hudson Blvd Gap Segment A Assessment Hearing

Home Browse Search

STAFF REPORT DATE: September 3, 2023 CONSENT AGENDA ITEM: Hudson Boulevard Improvements (Segment A) – Resolution Declaring Costs to be Assessed and Calling for Hearing on Proposed Assessment SUBMITTED BY: Jack Griffin, City Engineer REVIEWED BY: Nicole Miller, City Administrator Sarah Sonsalla, City Attorney Marty Powers, Public Works Director Clarissa Hadler, Finance Director Chad Isakson, Project Engineer ISSUE BEFORE COUNCIL: Should the City Council call a final assessment hearing for the Hudson Boulevard Improvements (Segment A) to be held on October 1, 2024? BACKGROUND: The City of Lake Elmo awarded a construction contract on June 18, 2024 to Dresel Contracting, Inc. to complete the Hudson Boulevard Improvements (Segment A). The project is scheduled to be completed fall 2024. In accordance with the approved feasibility report, a portion of the project costs are to be assessed to the properties benefitting from the improvements. PROPOSAL DETAILS/ANALYSIS: Pursuant to Minnesota Statutes, Section 429, the Council must declare the amount to be assessed against the benefitting properties and Call the Hearing on the Proposed Assessment for these improvements. The Final Assessment Hearing is proposed for October 1, 2024. The Final Assessment Roll will be certified to the County Auditor by November 15, 2024. Staff has enclosed a proposed Final Assessment Roll which has been calculated in accordance with the approved Feasibility Report and the City’s Special Assessment Policy. The final assessment roll is attached to this Report showing the proposed assessment amount for each of the 10 benefitting properties. Street and drainage improvement assessments for commercial properties are based on assessing 100% of the adjusted street costs (reduced by City contributions for collector oversizing) on a lineal foot basis. With the total improvement frontage of 8,680 feet, the adjusted unit assessment for commercial street frontage is $132.00 per foot. Assessments for street improvements will be levied over a 15-year period and charged an interest rate of 5.5%. FISCAL IMPACT: The total post-bid estimated project cost is $2,615,000. The improvements may be funded through a combination of Municipal State Aid Funds, in the amount of $1,436,000; Special Assessments, in the estimated amount of $437,976, and General Tax levy funds in the estimated amount of $741,024. RECOMMENDATION: Staff is recommending that the City Council approve, as part of the consent agenda, a Resolution Declaring Costs to be Assessed and Calling for the Hearing on the Proposed Assessment. If removed from the consent agenda, the suggested motion to approve this action is as follows: “Move to approve Resolution No. 2024-096; Declaring Costs to be Assessed and Calling for the Hearing on the Proposed Assessment for the Hudson Boulevard Improvements (Segment A).”