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�.� EN HILLS <br />MEMURANDUM <br />-. �-- , <br />DATE: August 9, 2010 <br />TU: Honorable Mayor and City Council Members <br />Patrick Klaers, City Administrator <br />FROM: Kristine Giga, Civil Engineer <br />SUBJECT: 2014 Pavement Management Program (PMP) <br />• Special assessment public hearing <br />Back�round <br />On June 28, 2010, the City Council set August 9, 2010, as the date to hold public <br />hearings for the purpose of establishing special assessments for the 2010 PMP <br />Improvements. <br />Financial Implications <br />The project is proposed to be assessed consistent with the City's assessment policy, <br />which states that 50% of the costs for roadway improvements will be assessed in <br />residential areas, with the remaining portion financed by various City fundso F1i1�,ilClilg <br />for the proj ect is consistent with past City policy and practice, and is summarized in the <br />table below. <br />Im rovements Fundin Source Cost <br />Roadway Permanent Improvement $ 613,057.71 <br />Revolvin PIR Fund <br />Storm Sewer Surface Water Ente rise Fund $ 116,084.05 <br />Sanita Sewer Sanita Sewer Ente rise Fund $ 118,343.29 <br />Watermain Watermain Ente rise Fund $ 134,958.83 <br />TOTAL PROJECT COST $ 982,443.88 <br />Total amount to be assessed 50% of roadwa costs) $ 306,528.86 <br />Total amount to be paid by the $ d75,915.02 <br />Clt <br />Per unit assessment- Valentine Avenue, Valentine Crest � 8,268.46 <br />Reconstruction Road, Valentine Court <br />Per unit assessment- Mill Katie Lane, Katie Court $ 1,476.67 <br />and overla <br />City Council Meeting <br />\�1Vletro-inet\ardenhills�Admin\Council�Agendas & Packet Information�2010\8-9-10 Regular�Packet Information\6A 8-9- <br />lOMemo_2010PMP AssessmentHearing.doc <br />Page 1 of 3 <br />