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