1990.10.15 CC Minutes - Laserfiche WebLink

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City Council meeting of October 15, 1990 Page 3 related drainage on 125th St. from Goodview Ave. east to Homestead Dr.; 132nd St. from Goodview Ave. east to County Rd. 8A; Inwood Ave. from 180th south to 175th St.; 175th St. from Inwood Ave. west to Ingersoll Avenue; Ingersoll Ave., from 175th St. south to 170th St.; Homestead Ave. from 132nd St. north to 147th St.; Henna Ave. from 132nd St. south to Hilo Ave.; Hilo Ave. from Henna Ave. south to 125th St.; 130th St. from C.S.A.H. 8A west to Irish Ave.; and Irish Ave. from 130th St. south to C.S.A.H. 7. This improvement is to made pursuant to Chapter 429 of the Public Improvement Code. The total estimated cost of this project is $1,483,540. It is proposed to finance this improvement with the sale of- public fpublic improvement bonds. The estimated duration of the City's debt service liability for this project would be 15 years, and the City staff would propose to assess 21% of the actual construction cost, or $4.95 per front foot, whichever is greater, against the benefitting property owners. The cost estimate reflected in the enclosed feasibility report is up from the original estimate of 1.2 million, as a result of the following: 1. Anticipated increase cost in oil for bituminous surfacing' 2. Additional fill needed for road beds that cannot accommodate a 24 ft. wide bituminous surface. 3. 130th St. and Irish Ave. improvements have been added to this proposal. The improvement of the proposed 8.53 miles of roadway, as reflected in the feasibility report, is to be done consistent with current Council policy on assessments and the City's approved capital improvements program. An informal, technical hearing on this project will be held during the- afternoon heafternoon and evening of October 31, 1990, and the improvement hearing will be held at 7:00PM on Monday, November 26, 1990 at the Withrow Elementary School. If the City Council wishes to proceed with this project, the appropriate action would be to adopt the resolution accepting the feasibility report and ordering the public improvement hearing. Councilman McAllister questioned the total estimated cost of the project ($1,483,540), stating that this would probably not be a good time to advertise for bids, in light of the current world situation. It was determined that it would be wise to go ahead with the public hearings at this time. Atkinson made motion, Olson seconded, to adopt RESOLUTION 1990-30, RESOLUTION RECEIVING REPORT AND CALLING FOR HEARING ON IMPROVEMENT FOR PHASE 2, CIP #1990-1. VOTING AYE: Olson, Jesinski, Vail, McAllister, Atkinson VOTING NAY: None Motion Carried. Earlier this month, the City was contacted by MNDOT regarding the availability of grant funds for implementation of a safety -signing program for the City of Hugo. The program would evaluate the City's road signs,