Laserfiche WebLink
ARDEN HILLS CITY COUNCIL—MARCH 14, 2022 3 <br /> MOTION: Councilmember Radziei 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 /> 7. PULLED CONSENT ITEMS <br /> None. <br /> 8. PUBLIC HEARINGS <br /> None. <br /> 9. NEW BUSINESS <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 /> 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 /> 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 /> Councilmember Scott asked if the interest rate for the assessments would be known prior to the <br /> assessment hearing. <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 /> 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 /> 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 <br />