Adopt Resolution 7939 declaring costs to be assessed, ordering the preparation of proposed assessments and setting a public hearing for November 21, 2017, for the 2017 Street Reconstruction, Project 2017-1.

Adopt Resolution 7939.

On March 7, 2017, City Council adopted Resolution 7844, approving the plans and specifications and ordering the advertisement for bids for the 2017 Street Reconstruction, Project 2017-1. On April 18, 2017, City Council adopted Resolution 7860, a resolution accepting the bids and awarding the contract for the 2017 Street Reconstruction Project. 

The improvements have been constructed and are now complete. The contract construction costs are $1,564,309.30, street lighting costs are $19,000 and engineering/administration/legal costs are $201,229.54 resulting with a final total project cost of $1,784,538.84. The attached resolution declares total project costs, the final project funding amounts, and the total cost to be assessed.  

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.