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<br />Improvement for the Business Park North Street Reconstruction project. After the public <br />hearing, Staff will be asking the Council to adopt the assessments. <br /> <br />The actions requested are required by Minnesota Statutes Chapter 429, which specifies the <br />steps that must be taken to assess property owners for the cost of local improvements. The <br />proposed street improvements are eligible for assessment and following this process will allow <br />the benefitting property owners to be assessed for the improvements. <br /> <br /> <br />Recommendation: <br />Public Works (and Stantec Consulting Services) recommend that the City Council adopt the <br />attached Resolution to accept the construction work and release final payment for the Business <br />Park North Street Reconstruction project. Northwest Asphalt, and their subcontractors have <br />submitted IC-134 forms (as required for project close-out). Staff also recommends the Council <br />approve the total amount to be assessed to the property owners in the Business Park North of <br />$758,514.14. Furthermore the assessment will be 12.5% of the total project costs, the <br />assessment will be for 10 years on their property taxes and a $35.00 administrative fee will be <br />charged per assessment amount if prepayment is not made. Staff further recommends that <br />Council set the Public Hearing for the assessments for Monday, February 25, 2019 at 6:30pm. <br /> <br /> <br />Respectfully submitted, <br /> <br /> <br />Don Peterson <br />Director of Public Works <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />