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51788.1 <br />7T4C."E1JT i <br />TO: Mayor and City Council <br />FROM: Mark Bernhardson; City AdrrinistratoP" I <br />DAT:?: May 17, 1988 <br />SUIJECT: Street Lighting Public Hearing - County Road 15 <br />Attachment A. County 15 Memo Dated 4/29/88 <br />B. County 15 Memo Dated 4/21/88 <br />C. County 15 Memo Dar.ed 3/21/88 <br />D. Notice of Public Hearing - Special Assessment <br />County 15 <br />E. Street Lighting Plan <br />F. Hennepin County Letter Dated 5/11/88 <br />ISSUE <br />1. Hold advertised public hearing regarding assessment for <br />street lighting on County Road 15. <br />2. Determine if the project is to go ahead. <br />3. Determine the appropriate financing for Cosnty Road 15 <br />including ar special ssessment dependent upon the public <br />hearing. <br />4. If proje is to Go ahead, approving contract amendment with <br />the County. <br />INTRODUCTION - At the Council's April 25, 1999 meeting the <br />Council estar,1ished a public hearing for May 2 1988 regarding <br />the possibly ,ssessment of a street lighting pr7oject on County <br />Road 15. ':urrent financing contemplates assessing only for the <br />street lighting portion of the projec.. <br />DISC';SSION - Staff has been working since the last meeting to <br />determine if t:ie County would reduce its administrative cost for <br />ths_ street lighting plan. Normal contracting administation <br />r:iarge is 13%. Initially the County felt that an 8% charge would <br />over their inspections and administrative costs. The City <br />propose: that that amount be reduced to approximately 5% and <br />which reduces th-� charge to $3,406.20 for a total charge of <br />$5,677. The County has indicated a response next week. If this <br />reduction if agreed to the total for the street lighting project <br />is $119,217. <br />1 <br />