2012-08-15 CC WS Packet - Laserfiche WebLink

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t e / z)it ie 1880 :Main Street, Lentervi(k. MN 5. 5038 'F SW- bl.2SIT ed 1857 651- 429 -3232 or R'az 651- 429 -8629 August 10, 2012 Memo to Council Re: Agenda for Work Session Agenda Item #1 - Street Program for 2013 At your work session, we will ask you to consider which streets to include in the capital improvement plan for 2013. It probably goes without saying that Peterson Trail, Houle Circle, Hayfield and Fox Run will be included as these were discussed at your last work session. We need to discuss them briefly again along with the special assessments that might be applicable here. We are asking that you also consider whether the time is right to do some of the other streets that were deferred from the 2009 Street Project. We are receiving an increasing number of complaints about Center Street east of Dupre Road. While this was anticipated to be done in 2015 or so, its quickly deteriorating condition coupled with favorable financing rates make it worthy of rethought. Robin Lane and Cardinal Drive in Royal Meadows development were also deferred in 2009. Paul has looked at these again and feels that the street condition is as good as many streets that are included in the thin mill and overlay list. The only reason to redo the street is to make way for the watermain construction. Staff has met with contractors to look for other options. It may be feasible to construct the watermain in the rear yards. That would allow the streets to be included in the rotation for mill and overlay, prolonging the life of the street for at least ten years. At the same time we will see if the watermain and maybe hookup of the homes. is a candidate for a Community Development Block Grant. We will do an income survey of the residents to see if it will qualify. The last significant area of the city needing major street improvements is downtown. If Anoka County reconstructs Centerville Road next year, the council could consider constructing watermain and new streets in the downtown area. We will have some cost estimates for discussion at the meeting. Bond Financing. We are including in the agenda packet a bond financing run, showing how the city might finance all of the improvements that are being considered. The structure of the financing attempts to back -load debt service in a way that allows the 2004 Improvement Project bond levies to phase out and be replaced by the new debt. This will allow the improvements to happen without major impact on tax levies. The financing would include the streets that had been planned for 2013 along with Center Street and 21' Avenue north of Main. Special assessment income would carry the early debt pmts.