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1f. Authorize Prep of 5-year plan and Call PH on Issuance of Bonds CITY OF CHANHASSEN 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952,227,1100 Fax: 952,227,1110 Building Inspections Phone: 952,227.1180 Fax: 952,227,1190 Engineering Phone: 952,227,1160 Fax: 952,227.1170 Finance Phone: 952,227,1140 Fax: 952,227,1110 Park & Recreation Phone: 952,227.1120 Fax: 952,227,1110 Recreation Center 2310 Coulter Boulevard Phone: 952,227,1400 Fax: 952,227,1404 Planning & Natural Resources Phone: 952,227.1130 Fax: 952,227.1110 Public Works 1591 Park Road Phone: 952,227,1300 Fax: 952,227,1310 Senior Center Phone: 952,227.1125 Fax: 952,227.1110 Web Site www.ci.chanhassen.mn.us 4i- MEMORANDUM TO: Paul Oehme, Director of Public Works/City Engineer <,{ 0 ' FROM: Alyson Fauske, Assistant City Engineer ()J.trI4A November 9, 2009 ~-.{;r DATE: SUBJECT: Authorize Preparation of Five-Year Street Reconstruction Plan; Call for a Public Hearing on the Issuance of Bonds and on the Five-Year Street Reconstruction Plan PROPOSED MOTION "The City Council authorizes the preparation of a Five-Year Street Reconstruction Plan and calls a public hearing on the issuance of bonds and on the Five-Year Street Reconstruction Plan. City Council approval requires a simple majority vote of the City Council present." BACKGROUND Audubon Road from Lake Drive West to Lyman Boulevard (CSAH 18) is a municipal collector roadway and is planned to be reconstructed next year. Funding for the project is proposed from municipal bonds and assessments. The first step to issue the bonds is to hold a public hearing. The purpose of the public hearing is to hear the public's comments on the sale ofthe bonds. During the public hearing, the public will also have an opportunity to comment on the Five-Year Street Reconstruction Plan. The Five-Year Street Reconstruction Plan will summarize the proposed street projects for years 2010 to 2014. The plan will identify the type of improvements to be made, the estimated costs and the proposed funding sources. The five year street project plan does not obligate the city to implant the plan. Staff will continue to review the street needs on an annual basins and make recommended changes as necessary. Sale of the bonds for Audubon Road are proposed to take place at approximately the same time the Council will consider awarding a contract for the Audubon street improvements. SCHEDULE The issuance of bonds requires the following: Public Hearing; Provide for Sale of Bonds Reverse Referendum Period Ends Accept Offer for Bonds; Approve Sale of Bonds Tentative Closing; Receipt of Funds December 14, 2009 January 13,2010 April, 2010 May, 2010 Attachments: Resolution CIP Pages Chanhassen is a Community for Life - Providing for Today and Planning for Tomorrow DATE: MOTION BY: CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA November 9. 2009 RESOLUTION NO: 2009- SECONDED BY: A RESOLUTION AUTHORIZING A PUBLIC HEARING TO CONSIDER THE PROPOSAL TO ADOPT A STREET RECONSTRUCTION PROJECT AND THE INTENT TO ISSUE GENERAL OBLIGATION STREET RECONSTRUCTION BONDS PROJECT NO. 10-02 WHEREAS, the following identified the Street Reconstruction Plan as identified in the 2009-2013 Capital Improvement Program: Year 2010 2011 2012 2013 2014 Project Reconstruction of Audubon Road from Lake Drive West to Lyman Boulevard, Red Cedar Point Road, Hickory Road, South Cedar Drive and Juniper Avenue, Erie Avenue, Erie Spur, Dakota Lane (from Erie Circle to cuI de sac), Cheyenne Avenue (Dakota Lane to Dakota Avenue), and Erie Circle. Mill and overlay of Santa Vera Drive, Chippewa Trail, Chippewa Circle, Saratoga Drive, Saratoga Circle, Timberwood Drive, Pinewood Circle, Maplewood Terrace, Acorn Lane, Oakwood Ridge, Renaissance Court, West 78th Street (Powers Boulevard to Market Boulevard), Kerber Boulevard (from West 78th Street to the cuI de sac), and Picha Avenue. Reconstruction of Greenbriar Avenue, Maplewood Circle, Fir Tree Avenue, Elm Tree Avenue, Dogwood Avenue, and Shore Drive. Mill and overlay of Utica Lane, Utica Circle, Utica Terrace, Tecumseh Lane, Shawnee Lane, and Redman Lane. Reconstruction of Dartmouth Drive (Dogwood Avenue to Arbor Lane), Cypress Drive, Barberry Circle and Arbor Lane. City Cost $4,900,000 $1,500,000 $1,700,000 $800,000 $1,100,000 WHEREAS, issuing general obligation street reconstruction bonds are another mechanism to fund street reconstruction projects. Adopting a Street Reconstruction Plan with the intent to issue general obligation street reconstruction bonds does not require the City to utilize this mechanism, and WHEREAS, street reconstruction is necessary to provide residents the opportunity for safe travel and a good condition street network while commuting throughout the City. NOW, THEREFORE, BE IT RESOLVED that the Chanhassen City Council hereby approves the following: 1. The recitals set forth above are incorporated herein. 2. The City Council authorizes the scheduling of a Public Hearing for December 14, 2009 to consider the proposal to adopt a Street Reconstruction Plan and the intent to issue general obligation street reconstruction bonds. Passed and adopted by the Chanhassen City Council this 9th day of November, 2009. ATTEST: Todd Gerhardt, City Manager Thomas A. Furlong, Mayor YES NO ABSENT ----,..----. ---.---... ---..- .. . -.-- _ --- Capital Improvement Program 2010 thru 2014 Department Street Improvements City of Chanhassen, MN Contact Paul Oehme ST-022 Type Improvement Project # Useful Life Project Name Audubon Street Project Category Streets/Highways Account #1 Account #3 Priority n/a Account #2 Account #4 Description I Total Project Cost: $3,000,000 Annual project to rehabilitate and reconstruct streets in the City. i 2010 - Audubon Road Lyman Blvd, to Lake Drive West I Justification I The City uses a Pavement Management System to monitor the condition of the City streets. While proper preventative maintenance extends the life of the street and is cost effective, a street will eventually deteriorate to a point that further maintenance is no longer cost effective. Rehabilitation projects extend the life of the street. In cases with utility or poor sub grade needs to be replaced or where streets have deteriorated : to a point where rehabilitation will no longer be practical, reconstruction of the street is necessary. A feasibility study is written to consider the merits of the project and scope of work. Expenditures 2010 2011 2012 2013 2014 Total i Construction 3,000,000 3,000,000 Total 3,000,000 3,000,000 ; Funding Sources 2010 2011 2012 2013 2014 Total , GO Bonds 3,000,000 3,000,000 Total 3,000,000 3,000,000 Budget Impact/Other I This project may decrease maintenance costs. ---- - -------.. -.--.--.. ... Capital Improvement Program 2010 thru 2014 Department Street Improvements City of Chanhassen, MN Contact Paul Oehme , ST-012 Type Improvement Project # i Useful1.ife Unassigned Project Name Annual Street Improvement Program Category StreetslHighways Account #1 601-xxxx-4751 Account #3 Priority nla Account #2 Account #4 , Description I Total Project Cost: $8,300,000 I : Annual project to rehabilitate and reconstruct streets in the City. Current 5-year plan shows the following neighborhood areas: Residential 2010 - Erie Ave area and Red Cedar Pt (Reconstruction) 2011 - Timberwood, Saratoga, Santa Vera, Chippewa, Picha and Kerber (S ofW 78th) 2012 - Greenbriar, Fir Tree, Elm Tree, Dogwood, Shore Drive and Maplewood Circle (Reconstruction) 2013 - Greenwood Shores I 2014 - Dartmouth Drive and Cypress Drive i : MSA 2011 - West 78th Street (Powers to Market) i Justification I The City uses a Pavement Management System to monitor the condition of the City streets. While proper preventative maintenance extends the life ofthe street and is cost effective, a street will eventually deteriorate to a point that further maintenance is no longer cost effective. Rehabilitation projects extend the life of the street. In cases with utility or poor sub grade needs to be replaced or where streets have deteriorated to a point where rehabilitation will no longer be practical reconstruction of the street is necessary. A feasibility study is written to consider the ! merits ofthe project and scope of work. I Prior Expenditures 2010 2011 2012. 2013 2014 Total I 1,300,000 I Construction 1,900,000 1,500,000 1,700,000 800,000 1,100,000 7,000,000 Total Total 1,900,000 1,500,000 1,700,000 800,000 1,100,000 7,000,000 i i .Prior Funding Sources 2010 2011 2012 2013 2014 Total I I 1,300,000 I Assessment/Revolving Assess 1,900,000 800,000 1,100,000 6,700,000 i 1,200,000 1,700,000 I I Total MSA 300,000 300,000 Total 1,900,000 1,500,000 1,700,000 800,000 1,1 00,000 7,000,000 i I I Budget Impact/Other I This project may decrease maintenance costs. I ;