Laserfiche WebLink
42988.3 <br />TO: Mayor and City Council <br />FROM: Mark Bernhardson, City Administrate 0 <br />DATE: April 29, 1988 <br />SUBJECT: County Road 15 - Street Lighting <br />ATTACHMENTS: A. County Road 15 Memo Dated V21/88 <br />B. County Road 15 Memo Dated 4/21/88 <br />ISSUE <br />1. Presentation to Council of information regarding the County's <br />administrative charges as it relates to street lighting. <br />2. Presentation of updated financial information regarding County <br />Road 15 prior to the public h?aring on May 23, 1988. <br />3. Review of a request by staff for approval of a portion of the <br />street lighting project prior to the public hearing. <br />4. Information regarding payment to Hennepin County. <br />INTRODUCTION - At the Council's last meeting the Council directed <br />staff to set the public hearing for the 23rd of May for the <br />possible assessment of property for the street lighting along <br />County Road 15. <br />DISCUSSION - <br />Issue 1. County Administrative Charges <br />The best information the City has been given at this point is <br />that the County desires to exercise an 8% contract administration <br />charge, which is slightly less than the 10% they have a right to <br />and also less than a 10% charge levied against the City of Mound. <br />This totals $9,083 and makes the total for the street lighting <br />project to he $ 122,624.22 plus $4,500 for the feasibility study. <br />The City however, could choose to reduce the scope of the project <br />as it goes east of County Road 19 as noted on Attachment C <br />reducing the project cost by $2,300. <br />Issue 2. Financial Information as Amended by the Recent Project <br />Costs Both Proposed and Modified. <br />3/21/88 Memo Present Net Difference <br />General/MSA 384,010 414,123 39,123.25 <br />Sper•ial Assossmvnt �7,�U(1 9?,000 <br />Total 483,000 511,123 30,123.25 <br />