CR 91-85 Special Assessments Cambridge Street
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April 11, 1991 Council Report # 91-85
SPECIAL ASSESSMENTS
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CAMBRIDGE STREET IMPROVEMENTS
PROJECT 90-02
Proposed Action
Staff recommends the following motion: Move that Council
adopt Resolution 91-46. Resolution for Hearinq on Proposed
Assessment. Cambridge Street Improvements. City proiect 90-
02.
Overview
Council has authorized the preparation of an assessment roll
for Project 90-02, Cambridge street Improvements. The /
'." assessment calculations have been completed and are attached
along with the assessment roll. The original estimates for
street construction were $68.00/front foot. Actual street
assessments are $50.95/front foot. Watermain assessments
remain the same at $22.50/front foot
supportinq Information
o Project Costs
o . Assessment roll
o Resolution 91-46
~es~neering Superintendent
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Council Report 91-85
Cambridge Special Assessments
CAMBRIDGE STREET CITY PROJECT 90-02
Construction Costs
City Participation Special Assessment Total
street Construction (A) $34,760.50 (A) $52,140.75 $ 86,901.25
storm Sewer- (B) 10,317.10 (B) 0 10,317.10
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Watermain (12") (C) 67,051.56 (C) 16,875.00 83,926.56
Total $ 112,129.16 $69,015.75 $181,144.91
. Based on Roadway Policy in force (60-40 split)
(B) 100% city participation
(C) Based on maximum assessment rate of $22.50/front foot with total
assessable watermain footage of 750 L.F.
Engineering Costs
City Participation Special Assessment Total
Street Construction (A) $12,793.45 (A) $ 19,190.17 $ 31,983.62
Storm Sewer (B) 3,997.95 (B) 0 3,997.95
Watermain (12") (C) 30,650.96 (C) 0 30,650.96
Total $47,442.36 $19,190.17 $66,632.53
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Cambridge Special Assessments
Report # 91-85
(A) Engineering Costs prorated as .follows:
$86.901.25 (street construction) = 48%
$181,144.91 (total construction)
Street engineering = 48% of total engineering = $31,983.62
Street engineering subject to 60-40 split:
City Participation - $12,793.45
Resident Participation - $19,190.17
. Engineering costs prorated as follows:
$ 10.317.10 (storm sewer construction) = 6%
$181,144.91 (total construction)
storm sewer engineering (100% City) = 6% of total engineering = $3,997.95
(C) Engineering costs prorated as follows.:
$83.926.56 (watermain construction) = 46%
$181,144.91 (total construction)
Watermain engineering (100 % city) = 46% of total engineering = $30,650.96
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Cambridge Special Assessments
Council Report 91-85.
Assessments
Streets
A. Resident share street construction $52,140.75
B. Resident share street engineering 19.190.17 ~
Subtotal $71,330.92
C. Legal, financing, administration - 13.8%
Bonds 8.0%
Engineer Admin. 3.5%
Finance Admin. 1.8%
Legal 0.5%
. 13.8% 9.841. 53
Total street construction assessment $81,172.45
Assessable street front footage = 1593j06 L.F.
Assessment rate = $81.172.45 = $50.95jfront foot
1593.06
II. Watermain
Resident share watermain construction = $16,875.00
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Assessable watermain front footage = 750 L.F.
Assessment rate = $16.875.00 = $22.50/front foot
750
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~. City of Hopkins
Hennepin County, Minnesota
Resolution No.: 91-46
Resolution For Hearing On Proposed Assessments
Cambridge street Improvements
WHEREAS, the engineering superintendent, at the direction
of the Council, has prepared an assessment roll
for cambridge Street Improvements, Project 90-02,
and
WHEREAS, the city clerk has notified the Council that such
proposed assessments have been completed and filed
in his office for puplic inspection,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF HOPKINS, MINNESOTA:
1. A hearing shall be held on the 7th day of May,
1991, at the City Hall at 7:30 P.M. to pass upon
such proposed assessments and at such time and
. place all persons owning property affected by such
improvements will be given an opportunity to be
heard with reference to such assessment.
2. The city Clerk is hereby directed to cause a
notice of hearing on the proposed assessments to
be published in the official newspaper at least
two weeks prior to the hearing and to mail notices
to the owners of all property affected by said
assessments.
3. The notice of hearing shall state the date, time
and place of hearing, the general nature of the
improvement, the area to be assessed, the total
cost of each of such improvements, and that the
proposed assessment roll is on file with the clerk
and that written or oral objections will be
considered.
4. The portion of the cost to be assessed against
benefitted property owners is declared to be
$98,047.45.
5. Assessments shall be payable in annual
installments extending over a period of 15 years
. and shall bear interest at a rate of 8 percent per
annum.
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.' Adopted by the city Council this 16th day of April, 1991.
By
Nelson W. Berg, Mayor
ATTEST:
James A. Genellie, City Clerk
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