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6.4. SR 01-27-19971326 E~etgy Fc,.'k Drive SI. I~o~],/~ 55108 6 i 1-8g0-888.2~23 Fcc 612.6,~.~446 ITEM 6.4. January 24, 1997 File: 230-320-58 Honorable Mayor and City Council City of Elk River 13065 Orono Parkway P.O. Box 490 Elk River, MN 55330-0490 RE: ORONO LAKE THIRD ADDITION IMPROVEMENTS Dear Council Members: ?~,NNINC, SO'J~ wASTE SU~'/~'!ING T~FrtC T'X,~.N~FORTATION ~-cTi::, CO~.'TROLS OFFICE5 IN: ST. PAUl. wASECA As you are aware, consu-uction bids for thc improvements in the Orono Lake Third Addition were received on Tuesday, January 7, 1997. This project was bid in conjunction with the Lowell Street upgrade and Joplin Street reconstruction. Previously, the Public Hearing for the Orono Lake Third Addition was held..Therefore, the next step in the process would be to hold an Assessment Hearing. The construction bids received were less than the estimated mounts contained in the teasibflity study. V, Hen these costs were combined with the utility costs for Fresno Street th~t the City has been holding since 1993, we were able to propose, a small reduction in the amount of the assessment. We m'e recommending that the assessments for propertici receiving only sanitary sewer and water bcnefit be reduced from $7,500 to $7,275 and properties receiving sanitary sewer, water, storm sewer, and street benefn be reduced from $12,500 to $12,150. The attached resolution for the Council's consideration establishes these amounts to be assessed, and orders the preparation of the assessment role. The Assessment Hearing would then be scheduled for March 3, 1997. If you have any questions regarding this info:'mation, I will be in attendance at your January 27, 1997, City Council Meeting. Sincerely, MSA, CONSULTING ENGINEERS Tent J. 'M~furer, P.E. TJM:kh 320-2401 .jan RESOLUTION 97 - A RESOLUTION FOR THE CITY OF ELK RIVER A RESOLUTION DETERMINING ASSESSED COST OF IMPROVEMENT AND ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL IN THE MATTER OF ORONO LAKE 3RD ADDITION IMPROVEMENT OF 1997 VOtEREAS costs have been determined for the Orono Lake 3rd Addition improvement consisting of a contract price of $282,200.85 and expenses incurred or to be incurred by the City in the making of the improvement in the amount of $164,021.84 for a total cost of the improvement of $446,222.69. NOW, THEREFORE, BE IT RESOLVED by the City Council for the City of Elk River, Minnesota: 1. Based upon the City Assessment Policies, it is determined that the portion of this improvement to be paid by the City and not assessed to benefitted properties is $61,250.00. 2. The portion of the cost to be assessed against benefitted properties pursuant to the Elk River City Assessment Policies shall be $385,000.00. o Thc assessments shall be payable in equal annual installments included and coinciding with real estate tax payments and shall extend over a period of 10 or 15 years. The first of the installments will be included on your 1998 tax statement tmless prepaid with interest at the rate of 8 % per annum starting December 1, 1997. The City Administrator with the assistance of the Project Engineer shall forthwith calculate the proper amount to be specially assessed for such improvement against every assessable lot, piece, or parcel of land, without regard to cash valuation, as provided by law, and shall have available to the City Administrator's office a copy of the proposed assessment roll for public inspection. Upon completion of the proposed assessment roll, the City Administrator shall notify the Cour~il and schedule a public hearing upon the proposed assessment, causing notice of the hearing by publication and mail to be made at least two weeks prior to the hearing. Passed and adopted this 27th day of January, 1997. ATTEST: Henry A. Duitsman, Mayor Sandra A. Thackeray, City Clerk