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Shakopee City Council
October 15, 2019
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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 2019 Street & Utility Reconstruction Project CIF-19-003. | | |
| | | | | | | | Policy/Action Requested:
Adopt Resolution R2019-107 declaring costs to be assessed, ordering the preparation of proposed assessments and setting a public hearing for the 2019 Street & Utility Reconstruction Project CIF-19-003. | | |
| | | | | | | | Recommendation:
Adopt Resolution R2019-107. | | |
| | | | | | | | Discussion:
On March 5, 2019, City Council adopted Resolution R2019-030, approving the plans and specifications and ordering the advertisement for bids for the 2019 Street & Utility Reconstruction Project CIF-19-003. On April 16, 2019, City Council adopted Resolution R2019-047, accepting the bids and awarding the contract for the 2019 Street & Utility Reconstruction Project.
The improvements have been constructed and are now complete. The contract construction costs are $1,095,863.23, street lighting costs are $14,254.95 and engineering/administration/legal costs are $135,437.10 resulting with a final total project cost of $1,245,555.28. The attached resolution declares total project costs, the final project funding amounts, and the total cost to be assessed.
The final assessment amount on a typical single family residential lot is proposed to be $4,299 per lot. This is calculated using final construction costs in accordance with the City of Shakopee Assessment Policy. The feasibility report calculated an estimated assessment amount of $4,287 per lot. | | |
| | | | | | | | Budget Impact:
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Project funding sources include the Sanitary Sewer fund, Storm Sewer fund, Shakopee Public Utilities, Capital Improvement fund (CIF) and assessments to the benefiting properties. The following summary provides the estimated amounts based on bid award and the final project amounts based on actual costs.
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Estimated (Contract Award)
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Actual (Final Contract)
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Construction Contract
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$ 1,061,440 |
$1,080,967.50 |
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Contingency
Const. Contract
Street Lighting
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$ 66,915
$ 18,000
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$ 14,895.73
$ 14,254.95
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| Subtotal |
$ 1,146,355 |
$1,110,118.18 |
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Eng/Ad/Legal
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$ 137,562
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$ 135,437.10
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Total Costs
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$ 1,283,918
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$1,245,555.28
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Estimated (Contract Award)
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Actual (Final Contract)
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Assessments
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$ 132,254
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$ 123,209.34
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CIF
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$ 713,280
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$ 662,973.63
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Sanitary Sewer Fund
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$ 74,435
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$ 70,292.09
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Storm Sewer Fund
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$ 205,367
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$ 209,987.49
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Shakopee Public Utilities
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$ 158,582
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$ 179,092.73
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Total Costs
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$1,283,918
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$1,245,555.28
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Estimated (Contract Award)
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Actual (Final Contract)
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Assessments
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$123,000
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$ 123,209.34
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CIF
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$696,000
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$ 662,973.63
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Sanitary Sewer Fund
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$163,000
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$ 70,292.09
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Storm Sewer Fund
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$156,000
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$ 209,987.49
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Shakopee Public Utilities
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$259,000
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$ 179,092.73
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Total Costs
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$1,397,000
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$1,245,555.28
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