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Shakopee City Council
October 16, 2018
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| | | | | | | | | FROM: | Ryan Halverson, Assistant City Engineer | | TO: | Mayor and Council Members |
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| | | | | | | | Subject:
Declare Costs to be Assessed and Establish a Public Hearing for the 2018 Street Reconstruction, Project CIF-18-003. | | |
| | | | | | | | Policy/Action Requested:
Adopt Resolution R2018-116 declaring costs to be assessed, ordering the preparation of proposed assessments and setting a public hearing for the 2018 Street Reconstruction, Project CIF-18-003. | | |
| | | | | | | | Recommendation:
Adopt Resolution R2018-116. | | |
| | | | | | | | Discussion:
On March 6, 2018, City Council adopted Resolution R2018-022, approving the plans and specifications and ordering the advertisement for bids for the 2018 Street Reconstruction, Project CIF-18-003. On April 17, 2018, City Council adopted Resolution R2018-047, accepting the bids and awarding the contract for the 2018 Street Reconstruction Project.
The improvements have been constructed and are now complete. The contract construction costs are $1,656,171.85 and engineering/administration/legal costs are $217,809.32 resulting with a final total project cost of $1,873,981.17. The attached resolution declares total project costs, the final project funding amounts, and the total cost to be assessed. | | |
| | | | | | | | Budget Impact:
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Project funding sources include the Sanitary Sewer fund, Storm Sewer fund, Shakopee Public Utilities, Capital Improvement fund (CIF) and assessments to the benefiting properties. The following summary provides the estimated funding amounts from the Preliminary Engineering Report and the final project funding amounts based on actual costs.
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Preliminary Engineering Report
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Project Completion
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Assessments
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$410,400
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$274,384.22
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CIF
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$957,600
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$640,232.26
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Sanitary Sewer Fund
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$343,000
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$279,509.20
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Storm Sewer Fund
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$253,000
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$199,512.88
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Shakopee Public Utilities
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$498,000
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$480,342.61
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Total Costs
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$2,462,000
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$1,873,981.17
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