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CITY OF GEM LAKE MINUTES OF PUBLIC HEARING 13 NOVEMBER 2006 A duly noticed public hearing was convened before the Gem Lake City Council on 13 November 2006 at 7:08 pm in the first floor meeting room of Tousley Ford located at 1493 East County Road "E" in the City of Gem Lake for the purpose of receiving public comment on the proposed assessment of costs of work for Public Improvement Project No. 2006-01 (PIP2006-01) which includes patching and reconstruction of Big Fox Road, Little Fox Lane and Haven lane as well as patching and seal coating of Tessier Road. Mr. Magnuson presented the final accounting for the project indicating a slight variance from costs identified in the public hearing Costs identified in the public hearing notice were stated to be $241,525.83 with allocations to Big Fox Road and Little Fox Lane of $174,142.33, to Haven Lane of $48,028.67 and to Tessier Road of $19,354.84. Actual final costs for the entire project are $243,440.83 with allocations to Big Fox Road and Little Fox Lane of $175,523.06, to Haven Lane of $48,409.48 and to Tessier Road of $19,508.30. Mr. Magnuson noted that the final notice for the project includes the corrected costs as well as financing information offering City financing at an interest rate of 5.9% over ten (10) years. Mr. Magnuson also advised of provisions for deferment of the assessment as provided for by State Statutes and indicated he has had one request for same. When asked by Dr. Anderson-Uzpen, Magnuson explained that he believed the deferment ran, with interest, until there was a change in fee title on the property at which time said assessment and interest became due and that said assessment took precedence over all other claims against the property. Mr. Kirchoff asked regarding the curbing installed and was advised that a certain amount of line of sight variation was consistent with the application and that the contractor who also serves as the City snow plowing contractor has been advised that if he breaks it, he fixes it. No comment from the City Council was received. Motion by Bosak, Second by Rasmussen to adopt Resolution No. 2006-40 approving the assessment as presented and ordering same to certify same to Ramsey County for collection was unanimously approved. The Public Hearing was adjourned by Mayor Emeott at 7:22 PM. AUTHORED: 14 November 2006 APPROVED: 20 November 2006 ATTEST: ATTEST: Frederic C. Magnuson aul R. Emeott City Clerk Mayor efile: Minutes\Hearings\2006\PublicHearingNo2006-04.wpd efile: PIP2006-01Wssess\PublicHearinNog2006-04.wpd Page 1 of 1