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<br />C:\Users\michele.lindau\AppData\Local\Microsoft\Windows\INetCache\Content.Outlook\1YNZS8FT\MEMO-Receive Feasibility Report and Set Public Hearing <br />110424 (002).docxC:\Users\michele.lindau\AppData\Local\Microsoft\Windows\INetCache\Content.Outlook\1YNZS8FT\MEMO-Receive Feasibility Report and Set <br />Public Hearing 110424 (002).docx 178 E 9TH STREET | SUITE 200 | SAINT PAUL, MN | 55101 | 651.286.8450 | WSBENG.COM Memorandum <br /> <br />To: Honorable Mayor and City Council <br /> Bryan Bear, City Administrator <br /> <br />From: Mark Erichson, City Engineer <br /> <br />Date: October 31, 2024 <br /> <br />Re: 2025 Beaver Ponds Area Street Improvement Project <br /> WSB Project No. 026749-000 <br /> <br /> <br />The 2025 Beaver Ponds Area Street Improvement Project consists of roadway milling and <br />paving, spot curb replacement, and trail replacement improvements. <br /> <br />The total estimated project cost for the Beaver Ponds Area Street Improvement Project <br />is approximately $1,543,300 which incorporates 2024 construction costs and includes a <br />10% construction contingency and indirect costs in the amount of 20% of the estimated <br />construction costs. Enclosed is a copy of the feasibility report. <br /> <br />The project costs are summarized as follows: <br /> <br />2025 Beaver Ponds Area Street Improvement Project <br />City of Hugo, MN <br />Project Costs and Funding <br />Improvements City Fund <br />Special <br />Assessments Total <br />A. Surface Improvements $1,205,489.80 $337,810.20 $1,543,300 <br />Total Improvements $1,205,489.80 $337,810.20 $1,543,300 <br /> <br />Funding for the project will be provided through assessments to benefiting properties <br />County funds and City Street Funds. <br /> <br />Staff is recommending the acceptance of the feasibility report and setting the public <br />hearing for December 2, 2024.