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RN U I 160 WN i 0 FAIDE1130.111:11211 A RESOLUTION RECEIVING A FEASIBILITY REPORT, CALLING HEARING ON IMPROVEMENT, APPROVING PLANS AND SPECIFICATIONS AND ORDERING ADVERTISEMENT FOR BIDS FOR THE TORRE PINES STREET AND UTILITY IMPROVEMENTS WHEREAS, AS, pursuant to City Council resolution, adopted on July 6, 2021, a feasibility report has been prepared by FOCUS Engineering, Inc. for the Torre Pines Street and Utility Improvements; and WHEREAS, the feasibility report recommends that benefiting properties be assessed all or a portion of the cost of the improvements pursuant to the City's Special Assessment Policy and Minnesota Statutes, Chapter 429; and WHEREAS, the feasibility report provides information regarding whether the proposed improvement is necessary, cost-effective, and feasible; whether it should best be made as proposed or in connection with some other improvement; the estimated cost of the improvements as recommended; and a description of the methodology used to calculate individual assessments for affected parcels; and WHEREAS, pursuant to City Council resolution, adopted on July 6, 2021, the City Engineer, together with Bolton and Menk, Inc., has prepared plans and specifications for the Torre Pines Street and Utility Improvements and has presented such plans and specifications to the Council for approval. NO►W, THEREFORE, BE IT RESOLVED, 1. That the City Council will consider the improvements in accordance with the report and the assessments of the abutting properties for all or a portion of the cost of the improvements pursuant to Minnesota Statues, Chapter 429 at an estimated total project cost of $2,243,000. 2. A public hearing shall be held on such proposed improvements on the 7th day of December, 2021 in the council chambers of City Hall, at or approximately after 7:00 P.M. and the clerk shall give mailed and published notice of such hearing and improvement as required by law. 3. Such plans and specifications, a copy of which is on file at Lake Elmo City Hall, and made a part hereof, are hereby approved. 4. The City Clerk shall prepare and cause to be inserted in the official paper and posted online with Quest Construction Data Network (QuestCDN,com) an advertisement for bids upon the making of such improvements under such approved plans and specifications. The advertisement shall be published for at least 21 days, shall specify the work to be done, and shall state that scaled bids provided by following required electronic bidding procedures outlined by QuestCDN prior to the specified bid date and time and accompanied by a bid bond or cashier's check made payable to the City of Lake Elmo in an amount not less than 5% of the amount of such bid will be considered.