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I I I Council Meeting Minutes April 25, 1989 Page 13 Public Hearing, continued The total estimated project cost is $280,708, with Ramsey County's share being $233,758. The right-of-way cost is estimated at $14,800 with sidewalk cost at $9,400. Both costs arc proposed to ~e paid by MSA funds. The remainder of $22,750 would be special assessed. The $22,750 wi 11 be a combi nati on of $19,200 for curb/gutter cost and $750 for storm sewer cost. The assessment rate woul d be $11.05/per front foot. There are a few vacant lots which do not have water service stubs. These water service stubs would be installed under the project to avoid future excavations in the new road surface The cost of the water service stubs would be specially assessed to the lots receiving the service stubs. A special assessment hearing will be held in August, 1990. Meeting notices would be mailed to residents and assessments would be levied at -:hat time. Brandt asked if senior citizens 'Nould be able to defer these assessment payments. Proper veri fi ed the Ci ty has an assessmer,t def~rment policy for qualifying senior citizens. Benke read a letter from Mr. whi ch expressed hi s concerns benefi t from such a proj ect. possible redevelopment of this A. J. Bumbee, MacGill"is and Gibbs, and feels the residents would not The 1 etter made reference to the area. Rudy Shellum, 560--5th Avenue NW, asked if his property would be acquired for redevelopment. Mr. Shellum acknowledged that he is in favor of the project, but has heard rumors that pertain to the redevel'opment of this area in possibly two years. Benke said it is very speculative that redevelopment would occur and he is not aware of a proposed redevelopment proj ect. Benke explained to Mr. Shellum that his property is zoned Industrial, but it does not necessarily mean that his property would be redeveloped. Brandt commented that the assessment could prove to be an investment on a property, which would be recouped if it is sold sometime in the future. ~~r. Shellum asked if parking art'angements could be made during construction since his dl'ivewny will be blocked. Propel' said arrangements could be made for nearby parki~g. Mr. Leonard confirmed that the standard for a 50 foot road, such as, 5th Avenue NW requires a parking ban on both sides. Public Hearing Upgrading of 5th Avenue Project Report 89-120 Resolution 89-65 9:27-10:05 p.m.