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<br /> , -~I <br />Honorable Mayor and City Council I <br />April 3, 1996 -I <br />Page Three <br />According to the City's assessment policy, services are to be assessed on a per unit basis. <br />This would result in a per unit assessment of approximately 5600. The lateral watermain I <br />is to be assessed on a front foot basis at approximately 528.60 per front foot. The City <br />Council may also consider assessing a flat, per unit watermain lateral assessment of $3,500 <br />per unit. This assessment would typically be assessed to houses on either side of the I <br />street; however, as there are only homes along the west side of Old 10, this split is not an <br />option. The City may, however, consider funding 50% of the lateral watermain cost to <br />offset this issue. I <br />Based upon the estimated costs and assessment issues, the proposed assessment per lot is <br />approximately $4,100 per unit and the proposed City cost is approximately 59,000. If the I <br />City incurs 50% of the lateral cost, the City cost rises to $44,000 and the per unit <br />assessment drops to approximately $2,350. I <br />Easements and Permits <br />No additional right-of-way or easements are anticipated as there is an existing right-of-way I <br />for Old Highway 10. A Minnesota Department of Health water extension permit will be <br />required prior to the initiation of any construction in this area. .. <br />Project Schedule <br />If the project is to proceed as described above, the following schedule may be utilized for I <br />the purposes of planning: <br />Schedule Item Proposed Date I <br />City Council receives Preliminary Report and April 15, 1996 I <br />orders Public Hearing and Plans and Specifications <br />City Staff Holds Informational Meeting Week of April 22 I <br />City Council holds Public Hearing/Orders Project May 13, 1996 I <br />City Council approves Plans and Specifications May 27, 1996 <br />City Council receives bids and awards project June 24, 1996 I <br />Construction begins July I, 1996 I <br />Construction complete August 5, 1996 .. <br />5:!O/075-0:!06.apr I <br />-..----- <br />