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<br />I <br />I. <br />I <br />I <br />. <br />I <br />I <br />I <br />I <br />.e <br />I <br />I <br />I <br />I <br />. <br />I <br />. <br />,. <br />I <br /> <br />III. PROPOSED UTILITY IMPROVEMENTS <br /> <br />With the exception of minor storm water drainage repairs, no other public utility work is <br />anticipated at this time. A meeting will be held with the private utility companies to <br />discuss the proposed project and this may result in private utility upgrades. Although <br />private utility upgrades/modifications may be done in conjunction with this proposed <br />project they would not be installed as part of this proposed project. <br /> <br />There are existing ponds in the project area, however the maintenance of these ponds is <br />part of the responsibility of the Homeowners association and therefor public <br />improvements to these ponds were not included in this feasibility study. The <br />Homeowners association should be encouraged to perform maintenance on the pond <br />adjacent to the project area at the time of reconstruction as heavy equipment would likely <br />be required to remove silt from the ponds. This work would be relatively easy to <br />coordinate with the roadway reconstruction and could be included with the same bid if <br />desired by the Council and the Homeowners association. <br /> <br />IV. PROJECT COSTSIPROJECT FUNDING <br /> <br />The proposed project will be funded using several sources including residential <br />assessments on the benefiting properties, the city general fund and the surface water <br />utility fund. The proposed assessment rates are based on Y2 the cost of the roadway <br />construction cost. Assessment front footages were calculated using the Arden Hills <br />Assessment Guidelines Dated: November 1990. In most cases the cul-de-sac formula <br />was used dividing the area of the lot by the average depth ofthe lot. Corner lot Front <br />Footages are based on the lot frontage abutting the road being constructed. Drainge <br />easement areas were subtracted from the lots in which they are located. Following are <br />tables detailing the total estimated cost for each option and the proposed funding source. <br /> <br />TOTAL ESTIMATE PROJECT COST (OPTIONS A, B, and C) <br /> <br />Option A: Full Depth Mill and Overlay <br />Estimated Cost: $63,920.00 <br /> <br />Proposed Funding Sources <br />General Fund <br />Assessments <br />Surface Water Utility Fund <br />Total <br /> <br />Amount <br />$31,960.00 <br />$31,960.00 <br />N/A <br />$63,920.00 <br /> <br />5 <br />