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• <br /> The proposed assessment is based on the project cost divided by eleven units. Only seven units <br /> will be included in the project assessment. Three properties have new conforming septic systems, <br /> and the owners have requested exclusion. The remaining unit, not assessed, is the Summit Beach <br /> Park property. The following property owners have requested, and qualify, for exclusion from <br /> the project. These parcels were not included in the assessment roll. <br /> Bruce Dayton, 965 and 990 Old Long Lake Road <br /> Maury Taylor, 550 East Long Lake Road <br /> Award of Contract <br /> The bid opening for this project was held on June 6th. Four bids were received for this project. <br /> The Fox Ridge and East Long Lake projects were bid together. The lowest responsible bidder was <br /> MinnComm Utility Construction Company, Mora Minnesota with a bid of$90,760 for the east <br /> Long Lake portion of the project. A bid tabulation and letter of recommendation, from the City <br /> Engineer, for a contract award to MinnComm Utility Construction Company is attached. <br /> After construction is complete, and final costs are known the actual assessment can still be <br /> adjusted downward, in a revised assessment roll, before submission to Hennepin County in <br /> December. This assessment roll lists an 8% interest rate, past practice has been to lower the <br /> interest rate dependant on the interest rate received on the project bonds. Eight percent is the <br /> maximum interest rate that can be charged. The actual interest rate on recently completed projects <br /> has been 6.25%. <br /> Unless a large number of assessment appeal notices are received, we are recommending Council <br /> approval of the attached resolutions to adopt the assessment roll and award the contract for this <br /> project to MinnComm Utility Construction Company in the amount of$90,760 for the East Long <br /> Lake portion of the project. <br /> COUNCIL ACTION REQUESTED: <br /> Motion to approve resolution adopting the assessment roll for the East Long Lake Sanitary Sewer <br /> Improvements. <br /> Motion to approve resolution awarding the contract for the East Long Lake Sanitary Sewer <br /> Improvements to MinnComm Utility Construction Company, Mora Minnesota in the amount of <br /> $90,760. <br />