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Minutes of the Lake Elmo City Council,, March 200 1979 -2- OLD BUSINESS: Tri-Star Addition Continued Due to the low assessment on some of the recent park dedication amounts, Morgan requested that the Park Commission be made aware of the assessed valuation of these areas and survey the land, for a possible park site before they make a decision. Tri-Star disagrees with the $800000 Bond set by the engineer. $509000 was the amount qualified for at their bank; and, the bank will not agree to the $809000. .Larry Bohrer, City :Engineer explained the bond is based on bids received from Tri-Star for construction, plus 10'% contingency and 10% for engineering, surveying, and inspection; then, taking 125% of the total. Tri-Star submitted revised estimates for construction, of about $409000. Morgan moved, Seconded by Armstrong, to set the Performance Bond for Tri-Star at $55,000. Motion carried 5-0. Tri-Star is also to Escrow $800 for. Plan Review. Johnson moved, Seconded by Armstron5 to adopt Resolution 79-20, Tri-Star ',Addition Tinal Plat. Motion carried 5-0. Eden Park SS - Park Dedication and Bond The assessed market value on the acerage for Eden Park I10 excluding the wetland is approximately $286.92 per acre. Johnson moved, Seconded by Mottaz, to accept $479.16 for Eden Park 11 park dedication. Motion carried 4 1. Morgan, Nay. Morgan feels a minimum of $1,000 should have been set, due to the low assessed valuation on the land. Armstrong moved, Seconded by Johnson to set the Performance Bond for Eden Park IS at $18,000. Motion carried 5-0. JJRY1"1pS14reV111C .L1J. JIJWluu - .GwUxvw lvV .Uwlwllli.4'49V1J u 1.Ld, U1 Mluu ' M V Pott moved., Seconded by Aromotrong, to set the Escrow at 1, QO for DeMontreville Highlands 5 and 6. Motion carried 5-0. Morgan stated that the Park Commission is not interested in the walkway from the 6th Addition due to the cost of improving it. The Park Commission will accept the ,parcel if the conditions concerning the improvements are waived. B, Surface Water Plan The map indicating the areas of Lake Elmo that have not been mapped in 2 ft. contours was reviewed. Mark Hued estimated it would cost $53,500 to map the rest of Lake Elmo and $20,500 to map subwatersheds with im- mediate drainage problems. The Administrator was instructed to obtain additional estimates and determine the cost for Beutal Pond and Eagle Point Lake areas. The Council asked for separate Engineers estimates for subwatershed plans for Beutal°s Pond and Eagle Point Lake. li. ValleJ..1rarzml WK6U:V 11VU Jllk1.4r1pL VV The City is vexy hesitant to spend 2 0000 for project 1003, before coming up with a total cost and cost benefit. A previous estimate, from Bonestroo Engineering for the project, including construction was $108,000 as -opposed to a cost for the study,onlJ; of $60,000 from VBWD. Bob Rosas encourages Lake Elmo and Oakdale to work together on Project 1003. VBWD would then handle 1004, So far no official word has come from Oakdale indicating interest in a joint -powers agreement. r George Hedges said the City and VBWD may be able to work out a program whereby Valley Branch will handle all assessment hearings, concept work and engineering. The City is to assume total responsibility for con- struction. Valley Branch can assess those benefiting who do not live in the immediate area. Morgan suggested the City perform the work and then allow Valley Branch to purchase the structures and assess accordingly. Hedges says this cannot be done.