Laserfiche WebLink
<br />I <br />I <br />I. <br />I <br />I <br />I <br />I <br />I <br />I <br />I. <br />I <br />I <br />I <br />I <br />I <br />. <br />. <br />.e <br />. <br /> <br />ARDEN HILLS CITY COUNCIL - MAY 28. 1996 <br /> <br />3 <br /> <br />MOTION: Malone moved and Aplikowski seconded a motion to approve Resolution #96- <br />35, Ordering the Improvement and Preparation of Plans and Specifications in <br />the Matter of the Old Highway 10 Watermain Improvement of 1996. The <br />motion carried unanimously (5-0). <br /> <br />Mayor Probst stated that notices will be sent to residents regarding the public hearing for <br />assessments once it is scheduled. <br /> <br />PUBLIC HEARING - 1996 STREET IMPROVEMENT PROJECT <br /> <br />A. Resolution #96-34, Adopting Final Assessment Roll (5 Year) <br />B. Resolution #96-36, Adopting Final Assessment Roll (8 Year) <br /> <br />Mayor Probst opened the public hearing at 7:45 p.m. He verified publication and notice of <br />this public hearing. <br /> <br />Mr. Stonehouse explained that the 1996 street improvement project included street <br />reconstruction of Oak Avenue, Pascal Avenue, and Eide Circle, repavement of McCracken <br />Lane, and recycling of Ridgewood Court. <br /> <br />Mr. Stonehouse gave an overview, including Minnesota State Statute 429, application of the <br />City's Assessment Policy, and typical residential assessments. He stated that property owners <br />are assessed for improvements adjacent to their property, based on the benefit to their <br />property. <br /> <br />Mr. Stonehouse explained that the City portion of the street improvement project is funded <br />by ad valorem taxes, MSA funds, County turnback funds and utilility funds. He cited recent <br />street improvement projects at Old Snelling Avenue, Tiller Lane, Bussard Court, and County <br />Road F. <br /> <br />Mr. Stonehouse stated a typical assessment would be approximately $3,250, payable over five <br />or eight years at eight percent interest. <br /> <br />Mr. Stonehouse stated the estimated construction bid amount was $371,000, with the actual <br />bid being $377,500. He stated based on that amount, the resulting assessment would be $30.32 <br />per front foot for Oak Avenue, Pascal Avenue, and Eide Circle. He stated that McCracken <br />Lane rehabilitation would be assessed at $16.44 per front foot, Ridgewood Court recycling <br />assessment would be $8,80 per front foot, and the routine bituminous overlays would be <br />assessed at $5.42 per front foot. <br />