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5.5. SR 04-29-1996CONSULTINGENGINEERS 1326 Enemy ParkDrive St. Paul, MN 55108 612-644-4389 1-800-888-2923 Fax:612-644-9446 April 24, 1996 File: 230-246-12 Mr. Pat Klaers City Administrator City of Elk River 13065 Orono Parkway P.O. Box 490 Elk River, MN 55330 DODGE AVENUE AND 5TH STREET FINANCIAL FEASIBILITY Dear Mr. Klaers: ITEM 5.5. CIVIL ENGINEERING ENVIRONMENTAL MUNICIPAL R~ANNING SOLID WASTE STRUCTURAL SURVEYING TRAFFIC TRANSPORTATION ELECTRICAL/MECHANICAL ENGINEERING HVAC POWER DISTRIBUTION SCADA SYSTEM CONTROLS OFFICES IN: MINNEAPOLIS PRIOR LAKE ST. PAUL WASECA This correspondence is intended to provide a summary of the issues you, Lori, and I discussed on Thursday, April 18, 1996, concerning the financial feasibility of a Dodge Avenue/5th Street improvement project. The project in question would complete the upgrade of Dodge Avenue from approximately the Prairie House to 5th Street and the upgrade of 5th Street from TH 169 to Auburn. The estimated total project cost for those improvements is $375,000 to $400,000. In reviewing last year's Dodge Avenue improvements, there were two segments done by change order with assessments to the abutting properties. The three office buildings in the Barrington Square development were each assessed $10,000, the office building which houses Re-Max Realty was assessed $10,000, the Goodyear Auto Service Store was assessed $12,000, and the McDonalds was assessed $14,000. Reviewing the December 1994 feasibility study for these improvements and keeping in mind the assessments that were levied last year, it appears that the assessment spread given on page 9 for 50% front footage and 50% unit are the general amounts we could expect to be assessed against properties for a continuation of the project. From those amounts, it appears assessments would fund $125,000 to $135,000 of the project costs. In 1994 when this feasibility study was prepared, it was estimated that the total project cost would be 50% assessed and 50% funded by the City. These current numbers appear to reflect a one-third assessment and two-thirds City funding. There are several reasons for this change. First is a two-year increase in construction costs and following an assessment spread based on 1994 costs. Second, the south end of Dodge Avenue contains the Kentucky Fried Chicken and Indy-Lube properties which have extremely long frontages for the size of the property and also are corner lots with frontage on Dodge Avenue and 5th Street. These properties cannot support assessments equal to the cost of street construction along their total length of both streets. Finally, the addition of 5th Street results in a stretch between Baldwin and Auburn where there is virtually no assessable property. There are four to five residential properties along this stretch. However, it is not recommended to include these in the assessment, since properties west of Auburn were not assessed when that portion of 5th Street was upgraded with the recently completed storm drainage project. An Equal Opportunity Employer Mr. Pat Klaers April 24, 1996 Page Two On Thursday afternoon, I contacted Mr. Gary Santwire and relayed to him this information, telling him that any petition he has signed by the affected property owners should be based on the approximate assessment values shown in the feasibility study under the 50 % front footage and 50 % unit amount. I also indicated that we were likely, with these assessment amounts and the project costs, to go from a 50% assessment to a 33% assessed project. I indicated to him that 35 % of the affected properties, based on the size of the proposed assessments, could constitute a valid petition, but that I thought a greater show of support may be needed to proceed with this project since the City Council is considering numerous projects which all require City funding which is in limited supply. If you have any questions regarding this or would like me to do any further work, please call. Sincerely, MSA, CONSULTING ENGINEERS TJM:tw 246-2211.apr