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Table 1: Preliminary and Final Assessment Amounts <br />Neighborhood Preliminary Unit <br />Assessment <br />Preliminary <br />Assessment <br />Revenue <br />Final Unit <br />Assessment <br />Final <br />Assessment <br />Revenue <br />Irish Court $10,700 for 7 units $74,900 $8,300 for 7 units $58,100 <br />Teal Pass Estates $17,500 for 13 units $227,500 $13,500 for 13 units $175,500 <br />55th St / 57th St / <br />Julep Way <br />$14,200 for 16 units $227,200 $11,000 for 16 units $176,000 <br />Lake Elmo Vista <br />(55th St) <br />$22,300 for 5 units <br />$11,150 for 1 unit <br />$122,650 $17,200 for 5 units <br />$8,600 for 1 unit <br />$94,600 <br />Prairie Hamlet $7,750 for 17 units $131,750 $6,000 for 17 units $102,000 <br />Totals $784,000 $606,200 <br />FISCAL IMPACT: The estimated total project cost at completion is $2,015,000; of these costs, $606,200 <br />will be specially assessed. The remaining costs will be funded through the project bond proceeds and other <br />city sources as determined by the Finance Director. <br />OPTIONS: <br />Open a Public Hearing on the 2025 Final Assessments <br />Following the Hearing: <br />Approve a Resolution Adopting the Final Assessment Roll. <br />Do not move forward with the Assessment as proposed. <br />RECOMMENDATION: Staff is recommending the City Council approve a Resolution Adopting the Final <br />Assessment Roll for the 2025 Street and Utility Improvements, the recommended motion for this action is <br />as follows: <br />Motion to approve Resolution No. 2025-071, Adopting the Final Assessment Roll for the 2025 Street <br />and Utility Project. <br />ATTACHMENTS: <br />1.Resolution Adopting the Final Assessment Roll. <br />2.Notice of Hearing on the Proposed Assessment. <br />3.Estimate to Complete – Total Project Cost Summary. <br />4.Final Assessment Roll.