Laserfiche WebLink
Iall the State Aid streets in the City to State standards. In 1987, the City of <br />Mound received $173,352.00 from the State for street construction and <br />maintenance on State Aid streets. The construction portion cf the allotment <br />$148,352 may be used for construction on the State Aid system or on the county <br />highway system. In the past few years, sane of this money has been used to pay <br />Mound's share of the cost of bridge replacements and the recent County Road 110 <br />1 construction. A11 construction done with state aid funds must be done to state <br />standards of width, load limit, parking regulations, etc. <br />At the present time, Mound has $180,469.00 in their construction fund with <br />approximately $35,000 of this total set aside for remaining reimbursement on <br />the Lynwood Boulevard Project, leaving a projected balance of approximately <br />$145,000.00. Mound should receive close to the same construction allotment in <br />1988 (approximately $148,000) as they did this year, which if added to the <br />projected balance would result in a fund balance of approximately $293,000.00 <br />in 1988. Some of this money can be used to finance that portion of Mound's <br />share of the cost for County Road 15 which is eligible for State Aid <br />reimbursement. This would have to be negotiated with Hennepin County since it <br />is their project and tt-,cy can also reed .- State Aid money. We have estimated <br />that approximately $189,600.00 of Mound's share of the construction cost is <br />eligible for State Aid reimbursement. <br />IASSESS�£NTS <br />Since the street construction program began in 1975, virtually all of the <br />City's streets have been reconstructed with concrete curb and gutter and storm <br />1 sewer. With the exception of State Aid streets, the entire cost of this <br />y construction has been assessed to the abutting property owners on these <br />streets. Improvements on State Aid streets have previously been assessed on <br />the same basis as residential streets, using the cost of a typical residential <br />street as a determination of the amount assessed. The remainder of the cost is <br />1 paid with State Aid funds. <br />7 <br />I - i4(4 �/ <br />