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2013 Street Reconstruction ProjectMemorandum To: Honorable Mayor and Members of the City Council CC: Mike Mornson, City Manager From: John R. Bradford, City Engineer �A� Date: May 8, 2012 Re: 2013 Street Reconstruction Project This memo discusses the schedule and scope of the 2013 Street Reconstruction Project. As we have discussed in the past, the public hearing dates around the Thanksgiving/Christmas holidays is not an ideal time for residents. In response to this issue, we are proposing a revised schedule for all future reconstruction projects. Item Current Schedule Proposed Schedule Order Feasibility Report Last August June 5, 2012 Neighborhood Meetings November/December Late August Public Hearing December or January September 4, 2012 Order Improvement Approve Final Plans March November 20, 2012 Set Bid Date Bid Opening April December 19, 2012 Present Bids April January 8, 2013 Order Assessment Hearing Assessment Hearing May February 5, 2013 Award Bid Construction June — October May - September May 8, 2012 The advantage of this schedule is twofold. First, the hearings are away from the holidays, which should make them more convenient for the public. Second, bid prices should be better as most contractors will not have a lot of work lined for the next year. The only other consequence of the schedule is the assessment pre -payment issue. As a recap, property owners have 30 days from the Assessment Hearing to pre -pay their assessments without interest. This period can be extended, but then all of the assessments would be interest free until a date set by council. We are recommending that Council set a date of June 1, 2013 for interest to begin accumulating. The longer period to pre -pay should encourage more property owners to pre -pay. The interest lost if nobody pre -pays would be about $8,000 based on the 2012 project, however, the any pre -pays that we do get, allow us to borrow less. All in all, we think an extended pre -pay period will benefit the City. Finally, the 2013 Street Improvement project is schedule for the South Presidential Neighborhood. The preliminary cost estimate for this project is larger than can be reasonable budgeted for in a single year due in large part to the extensive utility replacement. We are recommending a two year project as was done with the Park Ridge Neighborhood in 2009 - 2010. We also recommend adding West Park Road to this project as it will be impacted the Shady Oak Road construction in 2014. The total budget for these two years of construction would be approximately $6 Million. We look forward to discussing these issues with you on Tuesday night. 2