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` DA <br />TOLTZ, KING, DUVALL, ANDERSON <br />AND ASSOCIATES, INCORPORATED <br />` - ENGINEERS • ARCHITECTS • PLANNERS <br />1500 PIPER JAFFRAV PLAZA <br />4 CEDAR STREET <br />SAINT PAUL, MINNESOTA 551012140 <br />PHONE:6=02-WO FAX:612/292-0063 <br />September 19, 1995 <br />Honorable Mayor and City Council <br />Lake Elmo, Minnesota <br />Re: 1995 Overlay Project <br />Lake Elmo, Minnesota <br />Commission No. 10831 <br />Dear Council Members: <br />The work on the 1995 Overlay Project is substantially complete. The bituminous work is <br />complete to the point where we can estimate that final cost. The miscellaneous drainage <br />improvements are also substantially complete, but drainage is part of the City share of the cost <br />and does not figure into the calculation of assessments. There is some shouldering that is not <br />complete because of an equipment breakdown on Monday and rain today. <br />We have done our best to estimate the total aLnount to be assessed at $236,202.00. This is the <br />amount that will appear in the Notice of Assessment Hearing. We recommend you call for the <br />assessment hearing for October 17, 1995. Mailed and published notice shall be not less than 1.4 <br />days prior to the hearing. <br />Recommended Action: <br />The Council should pass a resolution declaring costs to be assessed for the 1995 Overlay Project <br />at $236,202.00 and call the hearing for October 17, 1995. It is recommended that the term of the <br />assessment be 3 years and the interest rate at 8%. <br />Sincerely, <br />Larry D. Bohrer, P.E. <br />LDB/mlha <br />