5.5. SR 11-03-2008REQUEST FOR ACTION
To Item Number
City Council 5 - ~
Agenda Section Meeting Date Prepared by
Administration November 3, 2008 Tim Simon, Finance Director
Item Description Reviewed by
Reassessment of the 2008 Bituminous Overlay Improvement Terry Maurer, Public Works Director
Reviewed by
Lori ohnson, Ci Administrator
Action Requested
The City Council is asked to consider the attached resolution determining the amount of reduction of the
previously assessed 2008 bituminous overlay improvement.
Background/Discussion
On July 7, 2008, the City Council adopted resolutions determining assessment amounts and adopting the
assessment roll. The project was started after that meeting and recently completed. A final project
calculation was completed and was less than the anticipated project cost due to a modest under run of the
construction contract and some remaining contingency; therefore, staff is recommending the City Council
consider reassessing the project at a reduced rate of $1,400 per unit (original assessment was $1,500 per
unit). This will result in a reduction in the amount assessed of $32,700. Staff will prepare new assessment
schedules and a mailing to all assessed properties will be done.
Financial Impact
No financial impact to the city, just a reassessment due to the estimated project cost at the assessment
hearing. Any parcels that have prepaid their assessment in full will be sent a refund check.
Attachments
A Resolution Determining The Amount Of Reduction Of The Previously Assessed 2008
Bituminous Overlay Improvement.
ACtlon Motion by Second by Vote
Follow Up
C:\Documents and Settings\jmiller\Local Settings\Temporary Internet Files\OLK3E\2008
reassessment.doc
RESOLUTION 08-
A RESOLUTION OF THE CITY OF ELK RIVER
A RESOLUTION DETERMINING THE AMOUNT OF REDUCTION OF THE
PREVIOUSLY ASSESSED 2008 BITUMINOUS OVERLAY IMPROVEMENT
WHEREAS, the City Council of the City of Elk River adopted resolution 08-36 and 08-51
determining the cost to be assessed and ordering the preparation of the assessment
roll in the matter of the bituminous overlay improvement of 2008; and
WHEREAS, the final assessment roll contained 327 residential equivalent units assessed at $1,500
per unit for a total assessment cost of $490,500; and
WHEREAS, the project is now complete and the final construction and overhead costs have been
computed at less than the total amount previously assessed.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River,
Minnesota;
The bituminous overlay improvement of 2008 shall have the total assessment reduced by
$32,700.
2. The revised assessable costs shall be redistributed over the 327 assessable units at a revised
rate of $1,400 per assessable unit, which is a decrease of $100 from the original assessment.
Passed .and adopted this 3`d day of November 2008.
Stephanie Klinzing, Mayor
ATTEST:
Tina Allard, City Clerk