06-22-1992 Council Packet - Laserfiche WebLink

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y t ft--; it';'- I' ■\-- ti' ■ Sli, #•■■■ ,*: h: .' ■a; • , :r;’^ ■: 4.- rVi:fevV -><;'. 'V '%'■•*■•■-« ■> ,. V • ^.'v's y 'yr /?. ’> !, -• ■■ ■! ......' '*|i<-.II# &v- ■> if.w:.;.. W' mIP.. ■ :s^ ■ m-r ' • ! ; ‘'"U * • ■ " :P%;. 0m. k\ • • TO: FROH: DATE: Mayor and City Council Ron Moorse, City Administrator June A, 1992 SUBJECT: Final Payment Improvements on County Road 15 Street and Lighting Attachments: Hennepin County Invoices #20436 $103,996.65 Right of Way Acquisition - Final #20435 $4,3^7.35 Street Light Costs - Final #20434 $63,^43.95 Street Imp Costs - Final The invoices attached are the City of Orono share of the final costs for our joint project with Hennepin County for the County Road 15 improvement and street lighting project. The project construction was completed in 1989 and the right of way acquisition was completed in August 1990. The City has applied for additional M.S.A. funding for the street improvement and right of way acquisition costs in the amount of $165,253.00. The additional request was approved by Council at the May 26, 1992 meeting. In 1989 the Ci»,y applied for $200,000 in M.S.A. funding. The $167,240.60 amount due the County for right of way ($103,996.65) and street improvement ($63,243.95) costs will be paid $100,000.00 from the current request for M.S.A. funds and $67,240.60 of M.S.A. funds currently on hand in the Permanent Improvement Revolving Fund (P.I.R.) Road and Bridge Account. (The Road and Bridge Account was established in 1987 through a transfer of accumulated unused monies in the M.S.A. Construction Fund, including $65,253.00 of bonds sold in 1979 but not charged to an M.S.A. project by the State. Thus the May 26, 1992 request for the $165,253.00 of M.S.A. monies includes the $65,253.00 which will be an accounting entry for the State in order to balance our account.) The additional amount for the street lighting portion of $4,347.25 will be covered by P.I.R. General Account monies. The City did levy assessments for most of the street lighting project which when collected with interest should compensate for the additional costs. Requested Council Action: Approval of payment of City of Orono share of final costs for joint project with Hennepin County for the County Road 15 street right of way costs in the amount of $103,996.65, street lighting cost of $4,347.35, and street improvement costs of $63,243.95; and appropriating $67,240.60 from the P.I.R. Road and Bridge Account and $4,347.25 from the P.I.R. General Account.