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ARDEN HILLS CITY COUNCIL—MAY 13, 2024 6 <br /> Mayor Grant opened the public hearing at 7:28 p.m. <br /> With no one coming forward to speak, Mayor Grant closed the public hearing at 7:29 p.m. <br /> 11. NEW BUSINESS <br /> A. Resolution 2024-025 Adopting Special Assessment Roll For The 2024 PMP <br /> Street And Utility Improvements Project— 1570 McClung Drive <br /> Public Works Director/City Engineer Swearingen stated this item was presented under Agenda <br /> Item 10A. Staff requested the Council adopt the Assessment Roll for the 2024 PMP Street and <br /> Utility Improvement Project related to 1570 McClung Drive at the 4.75% interest rate. <br /> MOTION: Councilmember Monson moved and Councilmember Holden seconded a <br /> motion to adopt Resolution #2024-025 — Adopting Assessment Roll for the <br /> 2024 PMP Street & Utility Improvement Project related to 1570 McClung <br /> Drive at the 4.75% interest rate. The motion carried (5-0). <br /> B. Resolution 2024-026 Declaring Costs To Be Assessed And Ordering The <br /> Preparation Of The Proposed Assessments And Calling For A Public Hearing <br /> On Proposed Assessments For 1370 Colleen Avenue — 2024 PMP Street And <br /> Utility Improvements Project <br /> Public Works Director/City Engineer Swearingen stated on February 12, 2024, the City <br /> Council adopted Resolution 2024-008 Approving the Plans and Specifications and Ordering the <br /> Advertisement for Bids for the 2024 PMP Street & Utility Improvement Project. Bids were <br /> solicited and opened on March 6, 2024. A portion of the costs for the 2024 PMP Street & Utility <br /> Improvement Project are proposed to be assessed against the benefitting properties according to <br /> the City's Assessment Policy. In order to assess these costs, the City must follow the process <br /> outlined in State Statute 429. On March 11, 2024, after the bids were opened, the City Council <br /> adopted Resolution 2024-012 Declaring Costs to be Assessed and the Assessment Hearing was <br /> held on April 8, 2024. <br /> Public Works Director/City Engineer Swearingen explained the Assessment Roll related to <br /> Resolution 2024-012 was then amended to remove the property at 1370 Colleen Avenue. City <br /> staff and Council received an objection of the proposed assessment amount from the property <br /> owner and Council gave direction to review the objection at a later meeting, which is the intention <br /> of this public hearing on May 13, 2024. The project is proposed to be assessed consistent with the <br /> City's Assessment Policy, which states that 50% of the costs for roadway improvements will be <br /> assessed in residential areas, with the remaining portion financed by City funds. The assessment <br /> rate shall be computed on a per-lot unit basis, with a lot being defined as a platted single-family <br /> residential lot or equivalent, which, according to the current Arden Hills Municipal Code cannot <br /> be further subdivided for R-1 and R-2 residential use. <br /> Public Works Director/City Engineer Swearingen explained the 1370 Colleen Avenue <br /> property consists of 2 lots as platted, per the assessment policy, this property is proposed to <br /> receive 2 assessment units. Ultimately, the residential equivalent assessment rate shall" be <br /> determined by the City Council. The 1370 Colleen Avenue property assessment relates to the <br /> Full-Depth Reclamation (FDR) rate. FDR consists of grinding the existing pavement, shaping the <br />