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HomeMy WebLinkAbout01 08 2018 Duluth/TH13 PresentationDuluth Avenue/Trunk Highway 13 Intersection Improvement Project January 8, 2018 AGENDA 1.Update on design layout 2.Review financing options 3.Schedule DESIGN LAYOUT Met with affected property owners 1.Village Lake Mall (Dave Chromy, Steve Dombrovski) 2.Holiday Station (Dave Edquist) 3.Wells Fargo (Sharon Vincent, Cheryl Drummer) 4.True Value Hardware (Al & Michelle Imholte) 5.Subway (Brad Busse, Manny Perez) 6.Honest 1 Autocare (Fred Haynes) Discussed •Access locations •Turn lanes •Timing •Property impacts DESIGN LAYOUT -PREVIOUS DESIGN LAYOUT -REVISED FINANCING Funding: Special Assessments $ 0 Tax Levy $ 970,000 MSAS (State Aid)$ 400,000 MnDOT $ 710,000 Total $2,080,000 Issues:1. Confirmed $710,000 from MnDOT. 2. Special assessments need to be 20% of City portion of project cost for GO Improvement Bonds which would be $162,768 to $194,000 depending on MnDOT funding. Will not meet benefit test. 3. Appraisal report dated January 2, 2018 confirms that some level of assessment is appropriate. FINANCING State Statute (429): ➢Update feasibility report ➢Order public hearing ➢Hold public hearing ➢Order improvements ➢Assessment hearing Dual Track Process State Statute (475): ➢Update 5-year Street Reconstruction Plan ➢Public hearing ➢Wait 30 days (subject to reverse referendum) ➢Order improvements SCHEDULE 1. Hold public hearing (475)January 8, 2018 2. Title commitments January 2018 3. Parcel sketches January 2018 4. Update feasibility study January 2018 5. Assessment review committee January 2018 6. Approve revised feasibility study February 5, 2018 7. Order public hearing (429)February 5, 2018 8. Hold public hearing (429)March 5, 2018 9. Order preparation of plans & specs March 5, 2018 10. Appraisals (acquisition)January/February 2018 11. City authorization on compensation March 5, 2018 12. Present offers March 7, 2018 13. Condemnation filing April 7, 2018 14. Approve plans & authorize ad for bid June 4, 2018 15. Title and procession June 7, 2018 16. Bid opening July 2018 17. Construction August to October 2018 18. Hold assessment hearing November 5, 2018 19. Certify assessments with County November 20, 2018 QUESTIONS?