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<br />I <br />, <br /> CITY OF ARDEN HILLS <br />. MEMORANDUM <br /> DATE: November 25,1998 <br /> TO: Brian Fritsinger, City Administrator <br /> FROM: Terrance R. Post, City Acconntant €J <br /> SUBJECT: Follow-np Items to November 9, 1998 Conncil Meeting <br /> (West Ronnd Lake Road Reconstruction, Phase II) <br /> Rackeround <br /> At the November 9,1998 City Council meeting, Council adopted Resolution No. 98-63, <br /> "Receiving Preliminary Report in the Matter of the 1999 Street hnprovement Project, West <br /> Round Lake Road (Phase II)," and scheduled a public hearing on December 14,1998 for the <br /> proposed improvement. Prior to adoption ofthe resolution, much discussion occurred <br /> concerning the estimated costs and funding sources of Alternatives "B" (two-lane divided with <br /> raised median and turn lanes) and "D" (two-land undivided with center turn lane). The pwpose <br /> ofthis memorandum is to provide Council with additional estimated costs and an updated <br /> funding source analysis. <br />. Revi~ed Alternative "R" PrQject Costs <br /> After the last Council meeting, City Engineer Brown revisited the cost assumptions of <br /> Alternative "B" (Attachment A). In summary, the total costs ofthis Alternative (without <br /> enhancements) have decreased from the original Feasibility Report total of$I,998,810 to the <br /> current $1,781,840. <br /> This is a reduction of $216,970. Attachment A details the changes. <br /> Revi~ed Funding Source Analysis <br /> Materials presented at the November 9, 1998 Council meeting identified several proposed project <br /> funding sources including assessments, water utility, surface water management (SWM) utility, <br /> General Fund and MSAS State Aid funds. Following is a chart that highlights funding source <br /> utilization to finance the project. Attachment B documents the assumptions used in deriving the <br /> assessment estimates. <br />. <br />