Agenda Packet Cc - regular meeting 5/23/1988

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32286.1 TO: Mayor and City Council I►ROM: Mark Bernhardson, City Administrator`. V DATE: March 21, 1988 SUBJECT: County Road 15 Ligh ng and Financing Attachments: A. County Road 15 Memo Dated 2/8/88 B. County Road 15 Memo Dated 10/22/87 C. City of Mound County Road 15 Memo D. Resclution for Feasibility ISSUES Issue 1. - Street Lighting - A. Determination as to the type of lighting the City would like on County Road 15 B. M,2ans to finance the lighting C. Selection of design engineer to undertake the project if the City desires to do project Issue 1. - County Road 15 - Financing Determination as to method of financing the project. INTRODUCTION - At the Council's February 22, 1968 meeting the issues regarding ighting and financing were discussed. The issues were tabled at that time as Councilmembers wanted more time to consider the issues related to lights, together with more time to think through the ramifications of the financing. In a review of the financing on the project as to appropriate dates regarding required actions, the staff has come to the determination that the City will not be able to use special assessments for the portions being done by the County as the contract has been awarded before the City held Its first formal special assessment hearing. This limits the City's options on that portion to General Fund and Municipal State Aid monies (which was originally contemplated as noted in Appendix B) together with an impact on honding and special levies. The City could still use special assessments for the lighting if it chose to do such. DISCUSSION - ISSUE NO . 1 - STREET LIGHTLNG Al oint City_Prro_ject - There is a savings of approximately $1,000 per City should the City of Sp:ing Park and Orono jointly use the some design engineer for the'__ project. The City of Spring Park is interested in such an ar-angement and at their Marci: 21st meeting they decided to go ahead with such a project.