Item Coversheet

8.C.


Shakopee City Council
November 7, 2023


FROM:Alex Jordan, City Engineer
TO:Mayor and Council Members
Subject:
Public Hearing for the 2023 Full Depth Pavement Reconstruction Project CIF-23-001.
Policy/Action Requested:
Adopt Resolution R2023-125, adopting assessments for the 2023 Full Depth Pavement Reconstruction Project CIF-23-001.
Recommendation:
Adopt Resolution R2023-125.
Discussion:

On March 7, 2023, City Council adopted Resolution R2023-030, approving the plans and specifications and ordering the advertisement for bids for the 2023 Full Depth Pavement Reconstruction & Bituminous Pavement Rehabilitation Project. On April 18, 2023, City Council adopted Resolution R2023-050, accepting the bids and awarding the contract for the project.

 

The combined project included the following CIP projects:

  • 2023 Full Depth Pavement Reconstruction CIF-23-001
  • Annual Pavement Rehabilitation CIF-23-011
  • Annual Bituminous Overlay CIF-23-012
  • Annual Trail Rehabilitation CIF-23-013

 

The project has subsequently been completed, and on October 17, 2023, City Council adopted Resolution R2023-117, declaring the costs to be assessed, ordering the preparation of proposed assessments, and setting a public hearing date for November 7, 2023, for the 2023 Full Depth Pavement Reconstruction Project CIF-23-001.

 

City policy is to assess 30% of the street improvements. Properties will be assessed in accordance with the feasibility report and special assessment policy. The proposed assessment rate is as follows:

 

 

Estimated Assessment (Feasibility Report)

Actual Assessment

(Final Contract)

Park Drive and Valley Fair Drive

$                    854.84/acre

$                    528.90/acre

Dominion Hills and Maple Trail Estates $               14,747.00/lot $                  12,065.71/lot

 

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.

Budget Impact:

Project funding sources include the Capital Improvement Fund, Sanitary Sewer Fund, Storm Drainage Fund, Shakopee Public Utilities, and Special Assessments to the benefiting properties. 

  

Included in the resolution is language that would allow the city to reimburse project costs from future bond proceeds. This language allow for greater flexibility in funding current and future projects, should the city desire or need this in the future. The additional language allows the city a period of  up to three years to issue and reimburse itself with bond proceeds. The language does not change the requirements or administrative process for issuing debt. All debt issuance will still require separate approval by the City Council.
ATTACHMENTS:
Description
Resolution R2023-125
Final Assessment Roll
Assessment Map - Park Drive
Assessment Map - Dominion Hills and Maple Estates
Public Hearing Presentation