On February 2, 2022, City Council adopted Resolution R2022-021, approving the plans and specifications and ordering the advertisement for bids for the 2022 Full Depth Pavement Reconstruction & Bituminous Pavement Rehabilitation Project CIF-22-001, CIF-22-011, CIF-22-012 and CIF-22-013. On March 15, 2022, City Council adopted Resolution R2022-036, accepting the bids and awarding the contract for the 2022 Full Depth Pavement Reconstruction & Bituminous Pavement Rehabilitation Project.

The project has subsequently been completed, and on October 15, 2022, City Council adopted Resolution R2022-133, declaring the costs to be assessed, ordering the preparation of proposed assessments, and setting a public hearing date for November 15, 2022, for the 2022 Full Depth Pavement Reconstruction Project CIF-22-001.

This project is substantially complete and project costs are identified. City policy is to assess 30% of the street improvements and 100% of new concrete sidewalk to the benefiting properties. Properties will be assessed in accordance with the feasibility report. The proposed assessment rate is as follows:

Attached to this memo is a map of the project area and the assessment roll for Council consideration and adoption. A presentation of the final costs and assessments will be made at the Council meeting.

The total final combined project amount is $2,386,721.01. Project funding sources include the Capital Improvement Fund, Sanitary Sewer Fund, Storm Drainage Fund, Shakopee Public Utilities, Park Asset and Special Assessments to the benefiting properties. Table 1 below provides a summary of the costs and funding comparing the estimated amounts based on bid award versus the final actual amounts.

Table 1 - Final Combined Project Costs

Table 2 below provides a summary of the final total costs for each of the CIP projects that were combined with this project for bidding and economy of scale.

Table 2 - Final Project Costs Per CIP Project