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Committee orders 20 Fourth Street East resurfacing; special assessments and bond sale recommended
Summary
Public Works recommended resurfacing of 20 Fourth Street East, adoption of special assessments totaling $245,067.07 and issuance of assessment bonds; committee approved the resolutions to order work and request bond authorization.
The committee opened a public hearing and approved resolutions to order the 20 Fourth Street East resurfacing project to proceed, adopt special assessments of $245,067.07 and request that the Board of Estimate and Taxation authorize issuance and sale of assessment bonds for that amount.
Hazel Wolf, a supervising engineering technician with Public Works, described the project limits (a Minnesota State Aid segment between Cedar Avenue S and Portland Avenue S and a local segment between Portland Avenue S and Fifth Avenue S). She said the Minnesota State Aid portion has a pavement condition index (PCI) of 67 and the local portion a PCI of 71; both portions were last reconstructed in the late 1960s and early 1970s. Wolf recommended passage of the resolution ordering the work to proceed and of the resolution requesting issuance and sale of assessment bonds in the amount of $245,067.07.
Wolf told the committee that Public Works mailed 21 invitations to a community meeting held March 10 and that one person attended. She described how the city calculates special assessments by applying the uniform assessment rates (UAR) to benefited parcel area, and noted prepayment and deferment options for eligible homeowners 65 or older or permanently and totally disabled. A city director clarified the assessments are roughly 20% of total project cost (staff identified $1,400,000 total expenditures in committee materials and $245,067.07 in assessment bonds).
Council Member Osman thanked staff for holding the community meeting and suggested staff consider pedestrian safety measures on the corridor; Council Member Osmond moved approval. The motion carried by voice vote; the transcript does not include a roll call tally in the excerpt.
