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ARDEN HILLS CITY COUNCIL – MARCH 14, 2022 3 <br /> <br />MOTION: Councilmember Radziej moved and Mayor Grant seconded a motion to <br />approve the Consent Calendar as presented and to authorize execution of all <br />necessary documents contained therein. A roll call vote was taken. The motion <br />carried (5-0). <br /> <br />7. PULLED CONSENT ITEMS <br /> <br />None. <br /> <br />8. PUBLIC HEARINGS <br /> <br />None. <br /> <br />9. NEW BUSINESS <br /> <br />A. Resolution 2022-013 Declaring Costs to be Assessed, Ordering the <br />Preparation of Proposed Assessments and Calling for a Public Hearing – <br />Arden Oaks Street Improvement Project <br /> <br />Larry Poppler, TKDA, stated on February 14, 2022, the City Council approved plans & <br />specifications and ordered advertisement for bids for the Arden Oaks Street Improvement Project <br />located within the Arden Oaks residential neighborhood. The proposed improvements include <br />bituminous paving, storm water improvements, concrete curb and gutter repair, and appurtenant <br />work on Arden Oaks Drive from Snelling Avenue North to County Road E and Arden Oaks <br />Court. Pursuant of Resolution 2022-006, bids were opened on March 9, 2022, after receiving 9 <br />bids for the project. The four lowest bids were reviewed with the Council. <br /> <br />Mr. Poppler reported the low bid of $520,377.70, received from Astech Corporation, compares <br />favorably with the construction engineer’s estimate which is $538,607. Further analysis of the low <br />bid by adding overhead, the total project cost for the street improvements is $466,746.84. The <br />total project costs were then used for the assessable cost which, as described in the City’s <br />Assessment Policy, is half of the street project cost for residential properties. The results of this <br />analysis show an Assessment Rate of $5,834.34 per unit as compared to the Engineer’s estimate <br />of $6,131.10. The project timeline was reviewed in detail with the Council and staff <br />recommended approval of the Resolution. <br /> <br />Councilmember Scott asked if the interest rate for the assessments would be know prior to the <br />assessment hearing. <br /> <br />Finance Director Bauman discussed the current bond and prime rate, stating staff will have <br />these numbers for the Council to review at the assessment hearing. <br /> <br />Councilmember Holden questioned if a contractor could pull their bid given the rising price of <br />oil. She feared that if the contractor were to pull out this would impact the assessment rates. <br /> <br />Mr. Poppler reported the contractor would have to provide a 5% bid bond so if they were to pull <br />out, the City would have the right to pull funds out of the bid bond. He explained the City was