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I I I Council Meeting Minutes October 12, 1999 Page 4 Public Hearing. continued The total project cost is $1,371,686.45 and involves a complicated cost breakdown, Funding for the City portion will come from tax increment financing, stormwater utility fund, water utility fund, and sanitary sewer utility fund. Also, MSA funding, Citywide tax, and special assessments are other funding components. Benefitting properties would be special assessed on a per acre basis, and there are 160.08 acres in this project. Lots abutting streets with existing concrete curb and gutter will be assessed $1, 158.01lacre. Lots abutting streets with no existing curbing will be assessed $5,969.90/ acre. An audience member asked the method used to pay the contractor. Proper said the City sells bonds to finance the project and interest barring costs are reflected in that 6.5 % interest rate. There were no other COllllllents from the audience. Motion by Gunderman, seconded by Hoffman, to CLOSE THE PUBLIC HEARING. 5 Ayes - 0 Nayes, Motion Carried. Hearing was closed. Motion by Hoffman, seconded by Larson, to WAIVE THE READING AND ADOPT THE RESOLUTION APPROVING SPECIAL ASSESSMENTS FOR PROJECTS 96-11,98-3, AND 98-4 STREET RECONSTRUCTION; WAIVE THE READING AND ADOPT THE RESOLUTION ORDERING PAYMENT OF CITY'S STORM SEWER COSTS ON PROJECTS 96-11, 98-3, AND 98-4 STREET RECONSTRUCTION FROM THE STORM WATER UTILITY FUND; WAIVE THE READING AND ADOPT THE RESOLUTION ORDERING PAYMENT OF THE WATERMAIN SYSTEM IMPROVEMENT COSTS ON PROJECTS 96-11, 98-3, AND 98-4 STREET RECONSTRUCTION FROM THE WATER UTILITY FUND; AND WAIVE THE READING AND ADOPT THE RESOLUTION ORDERING PAYMENT OF THE SANITARY SEWER REPAIR COSTS ON PROJECTS 96-11,98-3, AND 98-4 STREET RECONSTRUCTION FROM THE SANIT ARY SEWER UTILITY FUND. 5 Ayes - 0 Nayes, Motion Carried. Council Business City Manager Matthew Fulton presented the Livable Communities Demonstration Grant for I-35W Corridor Coalition in the amount of $700,000. Since 1997, the North Metro 1-35W Corridor Coalition has worked to create a sub- regional livable cOllllllunity framework to assist in implementation of the Metropolitan Blueprint. This includes the development of a sub regional geographic information system (GIS) accessible to all Coalition cities. GIS consists of planning studies, urban design, housing conditions, transportation system, housing inspections, and maintenance codes and enforcement. Public Hearin~ 1999 Special Assessment Hearing Report 99-229 Resolution 99-093 Resolution 99-094 Resolution 99-095 Resolution 99-096 Resolution 99-097 Resolution 99-098 Resolution 99-099 Council Business Livable Communities Demo Grant Report 99-230A Resolution 99-100