1995-09-12 - Laserfiche WebLink

Home Browse Search

I I I Council Meeting Minutes September 12, 1995 Page 4 Council Business. continued Larson asked Egan to estimate an 8% increase for a $75,000 valued home. Egan estimated the current annual taxes on a $75,000 home to be $140, and the 8% increase would calculate to an additional $10 per year. Benke reiterated that the 8 % proposal is the maximum amount and staff and Council will continue to review opportunities for reduction. The original amount was 18 %, but through discussions at budget workshops that amount has been reduced. Motion by Williams, seconded by Larson, to WAIVE THE READING AND ADOPT THE RESOLUTION COMPLYING WITH THE TRUTH IN TAXATION PROGRAM; WAIVE THE READING AND ADOPT THE RESOLUTION CALLING FOR A ZERO LEVY IN 1996 FOR THE LAKE DIANE TAXING DISTRICT; AND WAIVE THE READING AND ADOPT THE RESOLUTION AUTHORIZING FINANCING FOR THE CITY'S SHARE OF THE TEMPORARY SIGNAL, PROJECT 93-11. 5 Ayes - 0 Nayes, Motion Carried. In regards to Report No. 95-156, Benke noted that only two bids were received for the 5th Ave. and 10th St. Streetscape and Rehabilitation Project. The low bid was 13% over the engineer's estimate of $1,169,435.75 and 39% over the feasibility study cost estimate of $947,470. It is felt that the low number of bids received and the high bid price is due to the current construction market. Both bidders acknowledged that they were unable to get more than one subcontractor to bid on the concrete work. Because of this, staff recommends the bids be rejected and the project rebid in February 1996 when the construction market is more favorable. Benke requested that staff present a status report at the October 10 meeting to update Council of the construction projects occurring within the City. Motion by Gunderman, seconded by Larson, to REJECT THE BIDS FOR THE 5TH AVE. AND 10TH ST. NW STREETSCAPING AND REHABILITATION PROJECT 95-04, AND AUTHORIZE THE READVERTISEMENT FOR BIDS FOR THE PROJECT IN JANUARY OF 1996. 5 Ayes - 0 Nayes, Motion Carried. Announcements and Updates The closing for the Rottlund Townhome Project will occur on September 14. The utility contractor will commence the necessary utility work to prepare the site for construction; and it is Rottlund's feeling that construction would begin in November. The North Metro Mayors Association has requested a special Council meeting on October 18 to discuss revenue shortfalls. The meeting will be held in Brooklyn Center; and legally we are required to declare this as a special Council meeting. Council Business 1996 Budget Reports Report 95-163A Resolution 95-074 Report 95-163B Resolution 95-075 Report 95-163C Resolution 95-076 Bids for 5th Ave. &1Oth St. Project Report 95-156 Announcements & Updates Rottlund Townhomes Special Council Meeting