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us in better understanding neighborhood opinion regarding this utility under roux
<br />36 POLICY OBJECTIVE
<br />37 Because this is a street reconstruction project, the City's policy is to assess a portion of the costs
<br />3, as allowed for in State Statute 4�29. Assuming this project is completed by fall 2011,, the final
<br />39 assessment amount would be determined following a thorough review of the proposed
<br />4�,,:,)� assessments by the Council at an assessment hearing in the fall of 2012. These assessments can
<br />4 'i either be paid up front in the fall of 2012, or be put against taxes payable in 2013 for 15 years at
<br />42 around 7% (rate set at time of hearing)
<br />Z711
<br />Assessment Summary
<br />Estimated total street construction cost (35 ft wide, 9-ton road) $1,125,172.53
<br />Estimated 7-ton,, 32 ft wide,, street construction cost $7559689.17
<br />Total Assessable Frontage 3882.73
<br />Engineer's recommended street assessment
<br />100% of project cost/foot $194.63
<br />25% of project cost/ foot $48.66
<br />43 The proposed assessments included in the feasibility report are consistent with the following
<br />44 City of Roseville assessment policies.-
<br />45 o The assessments shall not be for more than 25% of the cost to construct a 32 foot wide 7
<br />46 ton road for all property zoning.
<br />47 o To meet MSA standards,, this road will be constructed to a 9-ton design. For the purposes
<br />48 of assessment calculation,, the estimated quantities are reduced to reflect the cost to build a
<br />49 7-ton road. Also,, since the proposed road is 35 feet wide, the costs for the additional 3 feet
<br />of pavement are subtracted as well.
<br />1 o Costs associated with sidewalk/ trail construction are not assessed to property owners
<br />o Costs associated with new storm sewer construction are not assessed to property owners.
<br />o Any utility replacement/repair will be funded by the appropriate utility fund and not become
<br />part of the assessable portion of the project.
<br />New storm sewer facilities will be funded by MSA funds and storm utility funds
<br />56 FINANCIAL IMPACTS
<br />57 Fund the street reconstruction with Municipal State Aid funds, utility funds, and assessments as
<br />58 shown in the table below.-
<br />0
<br />Page 2 of 3
<br />*cost includes 15% engineering
<br />Estimated cost
<br />MSA
<br />Assessments
<br />Utility Funds
<br />Street Construction*
<br />1,125,172.53
<br />$936,250.24
<br />$1WP922.29
<br />$,0
<br />Sidewalk/ Trail Construction
<br />10 ,705.56
<br />10 ,705.56
<br />$,0
<br />$,0
<br />Storm Sewer Construction
<br />$,175,000.00
<br />$175,000.00
<br />$,0
<br />$,0
<br />Sanitary Sewer Reconstruction
<br />$,30,000.00
<br />$,0
<br />$,0
<br />$,30,000.00
<br />Watermain Reconstruction
<br />$,450,000.00
<br />$10
<br />$,0
<br />$,450,000.00
<br />Total
<br />$1,8WP878.09
<br />$1,219,955.80
<br />$188,922.29
<br />$,480,000.00
<br />Page 2 of 3
<br />*cost includes 15% engineering
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