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Council sets April 7 hearing after adopting Page Avenue assessment declaration

North Mankato City Council · March 3, 2025
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Summary

City Engineer Sarff reported low bidder Holtmeier submitted the low bid 11% below estimate; the council adopted Res. No. 27-25 declaring proposed assessments totaling $809,689.43 (26% of project cost) and set a public hearing for April 7, 2025, under Res. No. 28-25.

City Engineer Sarff told the council that bids for the Page Avenue Street & Utility Improvement Project (No. 24-04 ABCDEF) opened Feb. 18, 2025, with eight bidders and a low bid from Holtmeier that was "11% below the estimate." He said the assessment roll is prepared and that three assessment caps were applied for differing benefit levels; "The total cost of the assessments is $809,689.43, which is 26% of the total cost," Sarff said. Sarff also noted that "by State Statute, [the City] must have at least 20% to use a General Obligation Bond."

The council adopted Res. No. 27-25 declaring the cost to be assessed and then adopted Res. No. 28-25 to set a public hearing on the proposed assessments for 7:00 p.m. on April 7, 2025. Res. No. 27-25 was moved by Council Member Oachs and seconded by Council Member Peterson; Res. No. 28-25 was moved by Council Member Peterson and seconded by Council Member Oachs. Both motions passed unanimously.