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HomeMy WebLinkAbout20101004 - VII-1 & VIII-A-1From: Date: Re: Nick Egger — City Engineer September 29, 2010 Public Hearing — 2009 Infrastructure Improvement Program Assessments Council Action Requested: Council is requested to approve the enclosed resolution adopting the proposed assessments for the 2009 Industrial Park Area Improvements. Background Information: The Public Hearing for the 2009 Infrastructure Improvement Program Assessments will include the following projects: 2009 -1 Industrial Park Area — Spiral Boulevard between Highway 316 and Enterprise Avenue, Industrial Court, and Millard Avenue. Improvements This project consisted of the complete reconstruction of all streets, which included upgrading of the street configuration to include concrete curb and gutter; some storm sewer replacement and new installations; major restoration, repair, and reinforcement of the industrial park drainage ravine; several water quality protection implements, some minor sanitary sewer and water system improvements and replacements; and the constriction of a new trail segment between east 31s Street and Vermillion Falls Park via Millard Avenue and the industrial park ravine, including a connection to Veterans Park. Assessment Policy Spiral Boulevard is on the City's Municipal State Aid Street system. All streets on this system serve as collector roads, meaning that they benefit more than just the immediate vicinity of properties in their function to convey traffic across larger distances of the City. Accordingly, assessments for reconstruction projects on these types of streets are based on 25% of the estimated costs. A $47 /front foot rate was the result of the project cost estimation and feasibility determination phase, and this rate was approved by the City Council at the time the project was ordered to be constricted. Though Millard Avenue and Industrial Court are not on the City's Municipal State Aid system, the same assessment rate was applied to all properties within the project boundaries, as they are all classified as being commercial and industrial uses. ("" C i tGgny a lc' r.„ "0 nr,F,,7A'q a y �.��� • 1 �'����',�a..�.6a�� 0 wwfc �E,�,ai„!�p rtsn'$'a Financial Impact: Project Funding Summary Funding Sources Assessments Wastewater Fund Water Fund MnDOT Municipal State Aid Vermillion River Watershed Grant HEDRA (for Monument Sign) Bonded Debt Amount $425,608.50 $21,623.33 $91,090.87 $1,100,000.00 $125,000 $25,000 $939,388.52 Total Project Costs $2,727,711.22 Attachments: The resolution to adopt the assessments and setting forth the terms of repayment is attached. CITY OF HASTINGS DAKOTA COUNTY, MINNESOTA Resolution No. Resolution to Adopt the Assessments for Project 2009-1, THE INDUSTRIAL PARK AREA IMPROVEMENTS WHEREAS, pursuant to proper notice duly given as required by law, the City Council of the City of Hastings has met, heard, and passes upon all objections to the proposed assessments for the improvements of 2009 -1 Industrial Park Area Improvements - Spiral Boulevard from Think Highway 316 to Enterprise Avenue, Millard Avenue, and Industrial Court These improvements included street, water, sewer, and storm sewer constriction and reconstruction, drainage and water quality protection enhancements, and bituminous trail constriction. NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HASTINGS AS FOLLOWS: The proposed assessments for project 2009 -1, the Industrial Park Area Improvements, a copy of which is filed with the Hastings Engineering Department, are hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the constricted improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of ten (10) years, the first of the installments to be payable with the first property tax installment of 2011, and shall bear interest at the rate of 4.50% per annum from November 4, 2010. To the first installment shall be added interest on the entire assessment from November 4, 2010 until December 31, 2010. To each subsequent installment, when due, shall be added interest for one year on all unpaid installments. The owner of any property so assessed may, at any time prior to certification of the assessment to the County Auditor, pay the whole or part of the assessment on such property with interest accrued to the date of the payment to the City Clerk, except that no interest or Dakota County assessment certification fee shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution; and he may, at any time thereafter, pay to the County Treasurer the entire amount of the assessment remaining unpaid with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before December 30, or interest will be charged through December 31 of the next succeeding year. 4. The clerk shall forthwith, transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax lists of the Count, and such assessments shall be collected and paid over in the same manner as other municipal taxes. The amount specially assessed is hereby declared to be $425,608.50 ADOPTED BY THE CITY COUNCIL OF HASTINGS, MINNESOTA, THIS 4th DAY OF OCTOBER, 2010. Ayes: Nays: Paul J Hicks, Mavor ATTEST: Melanie Mesko Lee, City Clerk (Seal)