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HomeMy WebLinkAboutItem 08 Date: November 18, 2019 Item No. RESOLUTION ORDERING IMPROVEMENTS AND PREPARATION OF PLANS FOR 170TH STREET IMPROVEMENTS Proposed Action Staff recommends adoption of the following motion: Move to approve a resolution ordering the improvements and authorizing the preparation of plans and specifications for 170th Street Improvements, City Project 20-04. Overview The City Council received a Feasibility Report for 170th Street Improvements and scheduled a public hearing for November 18, 2019 at its October 21, 2019 meeting. City staff will share a brief presentation prior to the public hearing providing a project summary, estimated project cost, description of the proposed assessment area, estimate of the amount to be assessed and explanation of the City’s Assessment Policy. Following the public hearing, if the City Council elects to proceed with the project, a 4/5th vote of the City Council is required to adopt a resolution ordering the improvements. Primary Issues to Consider • Notice of the public hearing was published November 1, 2019 and November 8, 2019 in the official newspaper and mailed to property owners in the proposed assessment area on October 31, 2019, pursuant to the requirements of Minnesota Statues, Chapter 429 for local improvements. Supporting Information • None. Financial Impact: $2,618,206 Budgeted: Y☒ N☐ Source: Multiple Sources Related Documents: Lakeville 5-year Capital Improvement Plan (2020-2024) Envision Lakeville Community Values: Design that Connects the Community Report Completed by: Alex Jordan, Assistant City Engineer CITY OF LAKEVILLE RESOLUTION NO. 19- RESOLUTION ORDERING THE IMPROVEMENTS AND AUTHORIZING THE PREPARATION OF PLANS AND SPECIFICATIONS FOR 170TH STREET IMPROVEMENTS WHEREAS, on October 21, 2019, the City Council fixed a date for the public hearing on the 170th Street Improvements. The project will include the portion of 170th Street between Flagstaff Avenue and County State Aid Highway (CSAH) 31 (Pilot Knob Road), City Project 20-04; and WHEREAS, the required published notices of hearing through a weekly publication were given, the required mailed notice of the improvement hearing was given to each property owner in the proposed assessment area at least ten days prior to the hearing, and the hearing was held on November 18, 2019, at which time all persons desiring to be heard were given an opportunity to be heard. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Lakeville: 1. The 170th Street Improvements are hereby ordered as identified in the Feasibility Report for City Project 20-04, dated October 21, 2019. 2. The City expects to issue bonds for the project costs. 3. The estimated project costs are $2,618,206 and anticipated funding sources are listed below. City staff is hereby authorized to make the appropriate transfers between funds with respect to the non-debt project funding sources up to 10% above the estimated costs. Funding transfers may include loans between funds to cover engineering and other costs incurred on the project in advance of receiving bond proceeds. Anticipated Funding Source Amount G.O. Improvement Bonds – Taxes $1,330,434 G.O. Improvement Bonds – Special Assessments $37,762 Water Operating Fund $737,862 Sanitary Sewer Operating Fund $3,661 Trail Improvement Fund $508,487 $2,618,206 4. City staff is hereby authorized to prepare plans and specifications for the making of such improvements. ADOPTED by the Lakeville City Council this 18th day of November 2019. ______________________________ Douglas P. Anderson, Mayor _________________________________ Charlene Friedges, City Clerk