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CC PACKET 03272018
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CC PACKET 03272018
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Last modified
4/4/2018 11:44:00 AM
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3/23/2018 11:56:44 AM
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Project Costs / Funding Breakdown <br />2018 STREET AND UTILITY IMPROVEMENT PROJECT <br />City of Saint Anthony Village, Minnesota <br />Project Costs and Proposed Funding <br />Proposed Improvements Special <br />Assessments City Costs Total <br />Street Reconstruction $457,300 $1,166,500 $1,623,800 <br />Sanitary Sewer Improvements $0 $337,500 $337,500 <br />Water Main Improvements (1)$53,100 $332,400 $385,500 <br />Storm Sewer Improvements (2)$105,700 $119,800 $225,500 <br />Mirror Lake Erosion Improvements $33,800 $0 $33,800 <br />Central Park Water Reuse $0 $198,400 $198,400 <br />Total **$649,900 $2,154,600 $2,804,500 <br />1. Replacement of curb stops are assessed 100% of the actual cost. <br />2. Local drainage improvements. <br />** This project anticipates issuing 429 public improvement bonds or general obligation bonds. <br />The difference to be paid from Sanitary Sewer, Water, and Storm Water Utility Funds. <br />Assessment Calculations <br />City Policy for Street and Local Drainage Improvements: <br />•Up to 32-foot wide, 9-ton design roadway <br />•35% assessed to residential (R-3) <br />•50% assessed to light industrial (L1), commercial (C) and high density <br />residential (R-4) <br />•Calculated using lineal feet of street frontage <br />•City funds pay remaining cost <br />24
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