2022.02.07 CC Packet - Laserfiche WebLink

Home

February 3, 2022 Honorable Mayor and City Council City of Hugo 14669 Fitzgerald Avenue North Hugo, MN 55038 Re: 140th Street Extension Authorization to Prepare Plans and Specifications City of Hugo, MN WSB Project No. 019520-000 Dear Mayor and Council, At its January 3, 2022 meeting the City Council approved the site plan, conditional use permit, and development and assessment agreement for the seventh building in the Schwieters campus development. The approval included the extension of 140th Street being added to the City Streets Capital Improvement Plan (CIP). Funding for the project will be provided through assessing 50% of the total surface and storm sewer improvements to the benefiting property with the City funding the remaining 50%. 100% of the watermain improvements will be assessed to the benefiting property with the City covering the cost of upsizing the pipe to 12” for future development. The developer has signed the assessment agreement that will be payable over a 5-year period starting in 2023. The estimated costs and proposed funding is outlined below. 140th Street Extension City of Hugo, MN Project Costs / Funding Improvements Total City Assessment Schedule A. Surface Improvements $275,600 $137,800 $137,800 Schedule B. Watermain Improvements* $86,100 $16,800 $69,300 Schedule C. Storm Sewer Improvements $59,000 $29,500 $29,500 Total Improvements $420,700 $184,100 $236,600 * Schedule B deduction for 8" to 12" pipe upsizing of $16,800 in Development cost Staff recommends approval of the resolution ordering the project and authorizing the preparation of plans and specifications for the 140th Street Extension. If you have any questions or items you wish to discuss, you can contact me at 651-286-8463. Sincerely, WSB & Associates, Inc.