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Res 2024-06 Order Bridgview Shores Project 202406CITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION 2024-06 A RESOLUTION ORDERING OF IMPROVEMENT PROJECT FOR THE BRIDGEVIEW SHORES STREET IMPROVEMENT PROJECT (PROJECT #202406) WHEREAS, on December 19, 2023, the Mendota Heights City Council authorized the holding of a public hearing (the "Hearing") under Minnesota Statutes, Chapter 429, as amended (the "Act"), to discuss and consider various street rehabilitation projects, storm water infrastructure improvement, aggregate base, concrete curb and gutter improvements, bituminous surfacing, and appurtenant work (collectively, the "improvements"), in and along portions of the following streets Arbor Court, Bridgeview Court, Mendota Heights Circle, Monet Court, Monet Lane, Pondhaven Court, Pondhaven Lane, Westview Circle, and Westview Terrace (collectively, the "Assessment Area"); and WHEREAS, also on November 21, 2023, the Council received a feasibility report on the Improvements from the Public Works Director (the "Feasibility Report"), which report explored the feasibility and estimated costs to provide the Improvements under the Act; and WHEREAS, the estimated costs of the Improvements, as detailed in the Feasibility Report, is $2,763,592, and will be financed from a combination of available City Utility Funds, Special Assessments, Saint Paul Regional Water, and general obligation improvement bonds; and WHEREAS, the Public Works Director has held neighborhood informational meetings in January, to give each neighborhood in the Assessment Area a summary of the Improvements, and the necessity of such Improvements to the general overall health of the City; and WHEREAS, ten days' mailed notice and two weeks' published notice of the Hearing was given, as required by the Act, and the Hearing was held on the date hereof, at which time all persons desiring to be heard were given an opportunity to be heard thereon; and WHEREAS, a reasonable estimate of the total amount to be assessed, and a description of the methodology used to calculate individual assessments for affected parcels within the Assessment Area, has been made available for the Hearing. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Mendota Heights, Minnesota, as follows: 1. The Improvements are necessary, cost-effective and feasible as detailed in the Feasibility Report. Specifically, the Improvements are necessary to update the City's street infrastructure system, as many streets were originally constructed more than 30 years ago, and contain pavement that has been continually patched, overlaid, seal coated, and slurry sealed, but now is in need of rehabilitation. The repair of associated aging water infrastructure concurrently with the street reconstruction is additionally recommended for project efficiency. Finally, the Improvements are feasible from an engineering standpoint. 2. The Improvements are hereby ordered. The Council shall let the contract for all or part of the Improvements, as authorized by Section 429.041, Subdivision 1 of the Act, no later than December 31, 2025. 3. The Improvements have no relationship to the City's Comprehensive Plan. 4. The Public Works Director shall prepare plans and specifications for the making of such Improvements, which plans and specifications shall be placed on file at the City upon completion. 5. The Council declares its official intent to reimburse itself for all or a portion of the costs of the Improvements from the proceeds of tax-exempt bonds. The City has a reasonable expectation that it will issue one or more series of tax-exempt bonds in the estimated maximum principal amount of $2,763,592 to finance the Improvements, and the City will make reimbursement allocations with respect to such original expenditures for the Improvements from the proceeds of the Bonds. Adopted by the City Council of the City of Mendota Heights this twenty-third day of January, 2024. CITY COUNCIL CITY OF MENDOTA HEIGHTS StephanieB. Levine, Mayor ATTEST N ncy Bauler, City Clerk