Laserfiche WebLink
STAFF REPORT <br />DATE:October 21, 2025 <br />PUBLIC HEARING <br />TO:City Council <br />FROM:Nate Stanley, City Engineer <br />AGENDA ITEM: Adopt Final Assessment Roll for the 2025 Street and Utility Project <br />REVIEWED BY: Nicole Miller, City Administrator <br />Clarissa Hadler, Finance Director <br />Sarah Sonsalla, City Attorney <br />Marty Powers, Public Works Director <br />Chad Isakson, Assistant City Engineer <br />CORE STRATEGIES: <br />☐ Vibrant, inclusive, connected community ☐ Efficient, reliable, innovative services <br />☒ Responsive, transparent, adaptive governance ☒ Balanced Finances now and future <br />☐ Managed Growth ☒ Resilient Infrastructure <br />BACKGROUND: On September 16, 2025, the City Council approved a Resolution declaring the costs to <br />be assessed, ordering the preparation of the proposed assessment, and calling for the hearing on proposed <br />assessment for the 2025 Street and Utility Improvements. Mailed notice has been provided to each <br />assessed property and notice of the public hearing has been published in the local paper. <br />ISSUE BEFORE COUNCIL: The City Council is respectfully requested to hold a Public Hearing for the <br />proposed assessments for the 2025 Street and Utility Improvements. Following the hearing, should the City <br />Council adopt the final assessment roll? <br />PROPOSAL DETAILS/ANALYSIS: Pursuant to Minnesota Statutes, Section 429, the Council must <br />declare the amount to be assessed against the benefitting properties and the Hearing on the proposed <br />Assessment for these Improvements must be held. Staff has enclosed a proposed Final Assessment Roll <br />which has been calculated in accordance with the approved Feasibility Report and the City’s Special <br />Assessment Policy. <br />Based on the anticipated final project costs, the estimated total project cost is $2,015,000, which is <br />approximately 22% below the preliminary estimate. A portion of the project is proposed to be assessed to <br />the benefitting properties; for street and drainage improvements, 30% of the project is assessed to the <br />benefitting properties. Based on the anticipated final project costs, the residential unit assessments for the <br />Project Neighborhoods can be adjusted as shown in Table 1. Assessments for street and drainage <br />improvements will be levied over a 15-year period and charged an interest rate of 5.5%.