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HomeMy WebLinkAboutItem 06.d Date: March 16, 2020 Item No. RESOLUTION CALLING A PUBLIC HEARING ON PROPOSED ASSESSMENTS FOR CITY IMPROVEMENT PROJECT 20-02 Proposed Action Staff recommends adoption of the following motion: Move to approve a resolution calling a public hearing on proposed assessments for the 2020 Street Reconstruction Project, City Project 20-02. Overview The City Council held a public hearing on November 18, 2019, providing property owners within the 2020 Street Reconstruction Project (City Project 20-02), a project summary, estimated project costs, description of the proposed assessment area, estimate of the amount to be assessed and explanation of the City’s Assessment Policy. The City Council ordered the improvement and authorized the preparation of plans and specifications on December 2, 2019. Three bids for construction of City Project 20-02 were received on February 21, 2020. Results ranged from a low bid of $8,886,039.92 to a high bid of $10,380,040.00. The Engineer’s construction estimate was $9,257,941.25. Based on the low bid price for construction, the total project cost is anticipated to be $11,366,047. This amount is $1,022,323 less than the estimate listed in the Feasibility Report. Staff reviewed bids and proposed special assessments and recommend approval of a resolution. Primary Issues to Consider (See attached) • Project Costs • Special Assessments Supporting Information • Tables comparing costs, financing and proposed assessments are attached Financial Impact: $11,366,047 Budgeted: Y☒ N☐ Source: Multiple Sources Related Documents: Lakeville 5-year Capital Improvement Plan (2020-2024) Envision Lakeville Community Values: Good Value for Public Services Report Completed by: Alex Jordan, Assistant City Engineer Primary Issues to Consider • Project Costs: Total • Project Costs: By Type • Project Costs: Feasibility Report vs. Bid Results Total Construction Contract 8,886,040$ Engineering 746,506 Debt Issuance 181,377 Associated Project Costs 1,552,124 Total Project Costs 11,366,047$ Total City of Lakeville Special Assessed Street & Storm Sewer Improvements $9,697,068 $6,243,342 $3,453,726 Sanitary Sewer Rehabilitation 320,676 320,676 Watermain Rehabilitation 1,098,253 1,098,253 Stormwater Basin Maintenance 170,274 170,274 Park Improvements 79,776 79,776 Total $11,366,047 $7,912,321 $3,453,726 Feasibility Report Bid Results/ Project estimate Difference City of Lakeville (property taxes) $ 6,677,798 6,243,342$ -6.5% Special Assessments 3,730,356 3,453,726 -7.4% Water Operating Fund 1,184,385 1,098,253 -7.3% Sanitary Sewer Operating Fund 318,297 320,676 0.7% Environmental Resources Fund 345,088 170,274 -50.7% Park Improvements (split funding, see below)132,447 79,776 -39.8% Total 12,388,370$ 11,366,047$ The City’s cost-share for street and storm sewer improvements will be financed with bonds; the principal and interest payments will be repaid with property tax levies commencing in 2021. Stormwater basin maintenance costs will be funded by the City’s Environmental Resources Fund; Watermain maintenance will be financed with bonds. Sanitary sewer maintenance will be funded by the City’s Sanitary Sewer Operating Fund. The Orchard Lake Boat Launch improvements of $79,776 will be funded $25,000 by the City’s Park Improvement Fund, with the remainder to be financed with bonds. • Special Assessments: Terms and Conditions o Interest rate: 5.0% o Term: 10 years for Klamath Trail, Orchard Lake and Lake Marion areas 15 years for Lake Villa areas o First payment due with taxes payable 2021 o Senior Citizen deferments are available for those who quality • Special Assessments (Unit Rates): Feasibility Report vs. Bid Results Note: The term of the special assessments for residential properties is determined by the amount of the assessment, according to the City’s special assessment policy. Feasibility Report Bid Results Difference Single Family Unit (Collector, Klamath Trail)3,479.21$ 3,603.00$ 3.6% Single Family Unit (Orchard Lake)5,398.93$ 4,615.00$ -14.5% Single Family Unit (Lake Villa)6,191.08$ 5,925.00$ -4.3% Single Family Unit (Lake Marion)3,709.55$ 3,675.00$ -0.9% CITY OF LAKEVILLE RESOLUTION NO. 20- RESOLUTION CALLING A PUBLIC HEARING ON PROPOSED ASSESSMENTS FOR CITY IMPROVEMENT PROJECT 20-02 WHEREAS, pursuant to the direction of the City Council, the City Clerk prepared a proposed assessment roll on the cost of City Project 20-02 within portions of Orchard Lake; Rock Island Townhomes; Kingsley Shores Senior Living; Klamath Glen; Swan Addition; Lau Addition; Sea Grit; Orchard Lake Hills; Hrkals Addition; Weisners Lake Addition; Lakeview Gardens; Liberty Heights; Goose Lake First Addition; Orchard Hills 1st Addition; Truehart Addition; Beachside; Orchard Oaks; Lyndale Lakes Club 1st Addition; Lyndale Lakes Club 2nd Addition; Bracketts Townhomes; Club Park Addition No. 1; Ken Con Estates First Addition; Orchard Lake Estates 1st Addition; Orchard Lake Estates 2nd Addition; Arland Park; Bracketts Townhomes; Bracketts Crossing; Bracketts Crossing Third Addition; Bracketts Estates; Simonsen 1st Addition; Lake Villa Golf Estates First Addition; Lake Villa Golf Estates 2nd Addition; Lake Villa Golf Estates 3rd Addition; Lake Villa Golf Estates 4th Addition; Lake Villa Golf Estates Fifth Addition; Lake Villa Golf Estates 6th Addition; Lake Villa Golf Estates 7th Addition; Lake Villa Golf Estates 8th Addition; Lake Villa Golf Estates 9th Addition; Nelson Addition; The Oaks of Lakevilla; Marion Village; Marion Village Second Addition; Marion Village Third Addition; Marion Village Fourth Addition; Marion Village Fifth Addition; Sullivans First Addition to Marion Heights; Garden Estates; Mehlhorn Beatty Addition; Juno Addition; Marion Heights; Greer and Sullivans Rearr; Blue Heron Bay; and those metes and bounds parcels located along Klamath Trail between Kenwood Trail/CSAH 5 and 168th Street, City Project 20-02; and NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakeville, Minnesota: 1. A hearing shall be held on Monday, April 6, 2020 at the Lakeville Council Chambers, 20195 Holyoke Avenue, at 6:30 p.m. to pass upon such proposed assessment and, at such time and place, all persons owning property affected by such improvement will be given an opportunity to be heard with reference to such assessment. 2. The City Clerk is hereby directed to cause a notice of the hearing on the proposed assessment to be published once in the official newspaper at least two weeks prior to the hearing and shall state in the notice the total cost of the improvement. The City Clerk shall also cause mailed notice to be given to the owner of each parcel described in the assessment roll not less than two weeks prior to the hearing. 3. The owner of any property may, prior to certification of the assessment to the county auditor, pay the whole or portion of the assessment on such property. No interest will be charged if the entire assessment is paid by November 15, 2020. No partial payments will be accepted after November 15, 2020. Payments made between November 16, 2020 and December 15, 2020 will include daily interest accrued from November 16 to the date of the payment. The first-year installment payments will be due with taxes payable 2021 and will include interest accrued from November 16, 2020 – December 31, 2021. The property owner may at any time pay the entire amount of the assessment remaining unpaid. ADOPTED by the Lakeville City Council this 16th day of March 2020. ______________________________ Douglas P. Anderson, Mayor _________________________________ Charlene Friedges, City Clerk