HomeMy WebLinkAboutRES 15-019 Declaring Costs for 2015 Street ProjectCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 15-019
A RESOLUTION DECLARING THE COST TO BE ASSESSED
AND ORDERING PREPARATION OF THE PROPOSED ASSESSMENTS
FOR THE 2015 STREET AND UTILITY IMPROVEMENTS
WHEREAS, costs have been determined for the improvement of:
Street & Utility Reconstruction
■ 36a' Avenue NE from Silver Lake Road to Hi crest Road
■ Chelmsford Road from 36"' Avenue NE to 37 Avenue NE
Bituminous Mill & Overlay
■ St. Anthony Boulevard from Ridgeway Parkway to the bridge crossing the
Minneapolis Diagonal Trail
Alleyway Surface and Drainage Improvements
■ Alleyway bound by Silver Lake Road (east), 29`n Avenue NE (north), Coolidge
Street (west), and St. Anthony Boulevard (south)
Backyard Drainage Improvements
■ Backyard area of homes located between Belden Drive, 30' Avenue NE, and
Edward Street
LED Pedestrian Crossing Improvements
■ Intersection of Kenzie Terrace and 27`" Avenue NE
and the bid price for such an improvement is approximately $2,299,956.95 for Base Bid plus
Alternate 2. The total cost of the improvement with contingencies, engineering, legal, and
administrative fees will be approximately $2,806,000.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of St. Anthony Village that:
1. The portion of the cost of the proposed Street and Utility Improvement Project to be paid by the City
is hereby declared to be approximately $2,184,100 and the portion of the cost to be assessed against
benefited property owners is declared to be approximately $621,900.
2. Assessments shall be payable in equal annual installments extending over a period of 15 years, the
first of the installments to be payable on or before the first Monday in 2016, and shall bear interest at
the rate of 2 percent (2%) above the City's borrowing rate at the time the bonds are issued.
3. The Consulting Engineer shall forthwith calculate the proper amount to be specially assessed for
such improvement against every assessable lot, piece, or parcel of land within the district affected,
without regard to cash valuation, as provided by law, and the City Clerk shall file a copy of such
proposed assessment in the office for public inspection.
4. The City Clerk shall upon the completion of such proposed assessment, notify the Council thereof.
Adopted this 10! day of February, 2015.
I � , W140, 111
Reviewed for administration:
Jerome O. Faust, Mayor
IMA Z /Z --
Mark Casey, C' y Manager