Laserfiche WebLink
MEMO TO: Clerk -Administrator and City Council <br />FROM: Director of public Works/Community Devr.lopmP.nJJ, <br />DATE: April 10, 1985 /��'' <br />SUBJECT: GALE-YOST ADDITION ON LAPORT DRIVE <br />Attached please find a copy of the plans for the subjectkproct <br />jethe <br />and Resolution No. 1766 dated July 9, 19H4. As Y Y <br />resolution directed staff to prepare <br />the <br />splans <br />ndtions care ccomplete <br />for the subject project. The p and <br />and are attached for your review, comment and/or approval. <br />Financing for the project (estimated construction cost $25,000) is <br />proposed to come from the City's revolving improvement fund. This <br />fund is set up under City Code Chapter 20.02. The fund has a <br />sufficient balance to cover the cost of the project. The cost of <br />the project is proposed <br />to be eriodassessed to ResolutiontNo.he p1766rrequiresty sthatat ll <br />percent over a lU yearperiod. b the City in an amount <br />the petitioner submit a security approvedY <br />equal to 3 years payment of assessments on the entire project prior <br />to ordering and awarding the project for construction. The <br />security will assure that the City will receive 3 years worth of <br />payments. When the property is sold, hopefully within 3 years, the <br />assessment will be paid off at that time. The dollar amount ofthe <br />security or bond required prior to awarding the project is appo <br />mately $10,000. <br />ACTION REQUIRED: Revise and/or approve the plans and specifica- <br />tions,�ect staff to schedule <br />bid <br />fromopening <br />the date, <br />and <br />ta Pdirect <br />on <br />staff and mayor to secure approvals <br />Control Agency, Metropolitan Waste Control Commission and the <br />Minnesota Department of Health. <br />SWT/bc <br />Attachments <br />