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Page 1 of 2 DATE: April 25, 2022 TO: Honorable Mayor and City Councilmembers David Perrault, City Administrator FROM: David Swearingen, P.E. Public Works Director / City Engineer SUBJECT: Arden Oaks Street Improvement Project – Adopt Assessment Roll Council Should Consider Motions to approve, table, or deny the following: • Approving Resolution 2022-023 Adopting Assessment Roll for the Arden Oaks Street Improvement Project. All items need a simple majority for action unless otherwise noted. Background/Discussion On February 14, 2022, the City Council adopted Resolution 2022-006 Approving the Plans and Specifications and Ordering the Advertisement for Bids. Bids were solicited and opened on Wednesday, March 9, 2022. The assessment hearing was held on April 25, 2022. A portion of the costs for the Arden Oaks Street Improvement Project are proposed to be assessed against the benefitting properties according to the City’s Assessment Policy. In order to assess these costs, the City must follow the process outlined in State Statute 429. On March 21, 2022, after the bids were opened, the City Council adopted Resolution 2022-013 Declaring Costs to be Assessed and set today as the date for the assessment hearing. A public hearing prior to adopting the assessments is a requirement of State Statute 429. The proposed assessment area is shown on Attachment A. The project is proposed to be assessed consistent with the City’s Assessment Policy and past practices, which states that 50% of the costs for roadway improvements will be assessed in residential areas, with the remaining portion financed by City funds. Financing for the project is consistent with City policy and past practice and is summarized in the table below. The project costs include 27% engineering and overhead costs. NEW BUSINESS – 10A MEMORANDUM