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Eagle Point Creek Estates <br />Inwood Avenue North, Stillwater Boulevard to CDS <br />The proposed improvements in all three areas include a full depth reclamation of the street pavement <br />section, with new bituminous pavement and installation of concrete curb and gutter. Storm sewer <br />maintenance items are included in the scope including cleanup of outlet pipes, ditch grading, draintile <br />installation, extension of storm sewer pipe, and replacement of drainage structures as recommended in the <br />design documents. No street widening or geometric changes are proposed. It is recommended that “No <br />Parking” signage be installed in accordance with the City’s Parking Restriction Guidance Policy as <br />presented to the City Council with the preliminary design findings and recommendations. <br />The report includes an estimate of total project costs for each neighborhood. The proposed street and <br />drainage improvements would be partially assessed against the benefiting properties consistent with the <br />city’s Special Assessment Policy. Street and drainage improvements are assessed at a rate of 30% of the <br />total project costs for residential properties using a unit method. The remaining 70% of the project costs are <br />paid through the city general fund. <br />Residential properties with direct access to the street, vacant lots, and lots with direct access from a private <br />street are included as benefitting properties. Each property is assessed one unit unless the property can be <br />subdivided using the current underlying land use and zoning regulations. Corner lots with direct access to <br />two public streets are assessed 50% of the per unit basis when each street is improved. Street and drainage <br />improvement assessments are levied over a 15-year period. All assessments are charged an interest rate of <br />1% over the bond rate for the project. The preliminary assessment rolls detailing each benefiting property’s <br />proposed assessment amount are included in the Appendix of this report with are summarized below. <br />Table 1: Project Costs and Proposed Assessments <br />Neighborhood Total Estimated <br />Project Costs <br />City Share of <br />Project Cost <br />Proposed Unit <br />Assessment <br />Total Assessment <br />Revenue <br />Lake Elmo Heights $2,024,000 $1,416,000 $15,200 for 40 units $608,000 <br />Lake Elmo Heights <br />(Innsdale Avenue N <br />CDS from <br />Stillwater Blvd) <br />$158,000 $110,000 $6,800 for 7 units $47,600 <br />Eagle Creek Point <br />Estates (Inwood <br />Avenue N CDS) <br />$210,000 $139,000 $15,800 for 4 units <br />$7,900 for 1 unit <br />$71,000 <br />Totals $2,392,000 $1,665,000 $727,000 <br />FISCAL IMPACT: The total project cost is estimated to be $2,392,000. The project is proposed to be <br />paid from a combination of special assessments, general funds, and issuance of bonds. <br />OPTIONS: <br />Accept the Feasibility Report and call a Public Hearing for the 2026 Street and Utility Improvements <br />Table the item and provide direction to Staff on next steps related to this project. <br />Do not move forward with this project.