CC MINUTES 05111993 - Laserfiche WebLink

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REGULAR COUNCIL MEETING MAY 11 , 1993 3 PAGE 6 4 5 6 The City Manager stated that the average of the City ' s streets 7 is thirty-five years and this is the first time reconstruction 8 is being addressed . He also stated that the recommendations 9 of the Road Task Force are being followed . 10 11 Mr . Madigan noted that technology was different when some of 12 these streets were built . Some of the concrete streets put in 13 many years ago have failed for a number of reasons . He felt 14 some measures can be taken to prolong the life of both 15 concrete and bituminous streets . 16 17 At its recent work session , the Council had considered 18 changing the assessment rate for property owners from 50% to 19 25% . The City Manager contacted Springsted Financial Advisor , 20 Bob Thistle , for his recommendation regarding an assessment 21 policy . 22 23 Mr . Thistle cautioned against using the 25% proposal in that 24 it is too close to the minimum of 20% . Other considerations 25 should be avoiding having general obligation bonds in excess of 2% and avoid the risk of having a project which comes in less than the 20% necessary to assess for improvements which 28 were bonded for . 29 30 Councilmember Enrooth recommended that the assessment policy 31 be a 35%/65% split on this project except for the overlay 32 which will be .a 50%/50% split . 33 34 Motion by Wagner, second by Enrooth to approve Resolution No . 35 93-032 being a resolution amending the assessment policy of 36 the City of St . Anthony . 37 38 Motion carried unanimously 39 40 41 Mr . Madigan noted that the work on 37th Avenue will be 42 delayed. This project will require a variance as the width of 43 the street does not meet the Minnesota State Aid requirements . 44 45 46 B. Planning Commission - April 18 , 1993 47 48 Commissioner Madden was in attendance representing the 49 Planning Commission . 50 •