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51788.1 <br />TO: Mayor and City Council 'fah 3 <br />FROM: Mark Bernhardson, City Administratopv� <br />DATE: May 17, 1988 <br />SUBJECT: 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 Dated 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 fo- County Road 15 <br />including any special assessment dependPnr upon the public <br />hearing. <br />4. If project is to go ahead, approving contract amendment with <br />the County. <br />INTRODUCTION - At the Council's April 25, 1988 meeting the <br />Council established a public hearing for May 23, 1988 regarding <br />the possible assessment of a street lighting project on County <br />Road 15. Current financing contemplates assessing only for the <br />street lighting portion of the project. <br />DISCUSSION - Staff has been working since the last meeting to <br />determine if the County would reduce its administrative cost for <br />the street lighting plan. Normal contracting administation <br />charge is 10%. Initially the County felt that an 88 charge would <br />cover their inspections and administrative costs. The City <br />proposed that that amount be reduced to approximately 58 and <br />which reduces the charge to $3 •406.20 for a total charge of <br />$5,677. The County has indicated a response next week. If this <br />reeuction if agreed to the total for the street lighting project <br />is $119,217. <br />1 <br />