Champlin adopts assessment roll for 2012 Street Reclaim and Pave project
The Champlin City Council adopted the assessment roll for the 2012 Street Reclaim and Pave project. With a project cost total of $809,554, the construction plans consists pavement reclamation; curb repairs; catch basin reconstruction; bituminous paving; sidewalk extension and repairs; street lighting on the local streets of Ensign Avenue; 123rd Avenue; Gettysburg Avenue and Jersey Avenue. The project also includes city-wide catch basin repairs and Andrews Park improvements.
The combined assessment total is $299,780, which is 37% of the total project cost. The assessment amount for each residential unit is $2,012 as established in the city’s typical lot rates for 2012 and the City’s Assessment Policy. The Jersey Avenue street assessment is 29.15% of the Jersey Avenue project cost. The proposed assessments were calculated according to the city’s assessment policy for commercial and residential parcels that are adjacent to the improvements.
Commercial property is being assessed according to the city’s assessment policy for street reconstruction in commercial areas. city funding is from the city’s Capital Improvement Revolving Fund in the amount of $345,017; Street Light Fund in the amount of $105,505; Public Works Maintenance – Contract Services in the amount of $13,873; and Storm Sewer Fund – NPDES Upgrades in the amount of $45,379.
The proposed assessment term is 5-years at 3 percent interest which is down from the original 4 percent recommended in the feasibility study since current interest rates have dropped one percent.
Additional funding of the proposed improvements will come from the city’s Capital Improvement Revolving Fund; Public Works Maintenance budget; Trunk Storm Water Fund; Street Light Fund; and Park Fund.