HomeMy WebLinkAbout04-22-19 City Commission Packet Materials - A3. Res 5030, Approving a Project in the NURD as an Urban Renewal Project - SUPPLEMENTAL MATERIALS BOZ E MAN MT
Economic Development
Resolution 5030
There is an error in the Eligible Cost amount for the Project,
which persists throughout the Resolution and the
Development Agreement. The correct Eligible Cost amount is
$21F129,215.68
Due to an error in the Eligible Cost figure for the Project, Staff
recommends the following revised motion:
Revised suggested motion:
Incorporating the information and findings in the staff
memorandum to the City Commission, oral findings made
by the Commission during the public hearing, information
and findings contained in the proposed resolution, and
after considering public comment, I hereby move to adopt
Resolution 5030, amended to correct all references to the
Eligible Costs of the Project in the Resolution and the
Development Agreement attached as ExhibitA to
$2,129,215.68.
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EXHIBIT C
ELIGIBLE COSTS
Summary Description of the Infrastructure Improvements:
Improvements to East Cottonwood Street, including replacing water
and sewer mains, new diagonal parking on the north side of
Cottonwood Street, new concrete sidewalk, gravel base and asphalt
paving patch for new water and sewer mains
$544,842.12
Improvements to Ida Avenue, including new 31-foot asphalt street
section with 1 1/2-inch base course gravel and curb and cutter, new
sidewalk on west side
279,987.35
Improvements to East Aspen Street, including new water, sewer and
storm drain mains; new water, sewer and fire service lines; new
manholes; new sidewalks on the north and south sides; new 35-foot
asphalt street section with 1 1/2-inch base course gravel and curb and
gutter
590,950.05
Improvements for Front Street parking, including new 31-foot asphalt
parking section with 1 %2-inch base course gravel and curb and gutter
191,316.16
Total Costs of Infrastructure Improvements
$ 1,607,095.68
Summary Description of the Project Fees and Charges:
Transportation Impact Fees $ 420,395
Water Impact Fees 73,459
Fire Impact Fees 28,266
Total Project Fees and Charges $ 522,120
Total Eligible Costs $2,129,215.68
C-1
EXHIBIT C
ELIGIBLE COSTS
Summary Description of the Infrastructure Improvements:
Improvements to East Cottonwood Street, including replacing water
and sewer mains, new diagonal parking on the north side of
Cottonwood Street, new concrete sidewalk, gravel base and asphalt
paving patch for new water and sewer mains
$544,842.12
Improvements to Ida Avenue, including new 31-foot asphalt street
section with 1 'h-inch base course gravel and curb and cutter, new
sidewalk on west side
279,987.35
Improvements to East Aspen Street, including new water, sewer and
storm drain mains; new water, sewer and fire service lines; new
manholes; new sidewalks on the north and south sides; new 35-foot
asphalt street section with 1 'h-inch base course gravel and curb and
gutter
590,950.05
Improvements for Front Street parking, including new 31-foot asphalt
parking section with 1 'h-inch base course gravel and curb and gutter
191,316.16
Total Costs of Infrastructure Improvements
$ 1,607,095.68
Summary Description of the Project Fees and Charges:
Transportation Impact Fees $ 420,395
Water Impact Fees 73,459
Fire Impact Fees 28,266
Total Project Fees and Charges $ 522,120
Total Eligible Costs $2,129,215.68
C-1
EXHIBIT C
ELIGIBLE COSTS
Summary Description of the Infrastructure Improvements:
Improvements to East Cottonwood Street, including replacing water
and sewer mains, new diagonal parking on the north side of
Cottonwood Street, new concrete sidewalk, gravel base and asphalt
paving patch for new water and sewer mains
$544,842.12
Improvements to Ida Avenue, including new 31-foot asphalt street
section with 1 1/2-inch base course gravel and curb and cutter, new
sidewalk on west side
279,987.35
Improvements to East Aspen Street, including new water, sewer and
storm drain mains; new water, sewer and fire service lines; new
manholes; new sidewalks on the north and south sides; new 35-foot
asphalt street section with 1 1/2-inch base course gravel and curb and
gutter
590,950.05
Improvements for Front Street parking, including new 31-foot asphalt
parking section with 1 %2-inch base course gravel and curb and gutter
191,316.16
Total Costs of Infrastructure Improvements
$ 1,607,095.68
Summary Description of the Project Fees and Charges:
Transportation Impact Fees $ 420,395
Water Impact Fees 73,459
Fire Impact Fees 28,266
Total Project Fees and Charges $ 522,120
Total Eligible Costs $2,129,215.68
C-1
EXHIBIT C
ELIGIBLE COSTS
Summary Description of the Infrastructure Improvements:
Improvements to East Cottonwood Street, including replacing water
and sewer mains, new diagonal parking on the north side of
Cottonwood Street, new concrete sidewalk, gravel base and asphalt
paving patch for new water and sewer mains
$544,842.12
Improvements to Ida Avenue, including new 31-foot asphalt street
section with I '/2-inch base course gravel and curb and cutter, new
sidewalk on west side
279,987.35
Improvements to East Aspen Street, including new water, sewer and
storm drain mains; new water, sewer and fire service lines; new
manholes; new sidewalks on the north and south sides; new 35-foot
asphalt street section with 1 %2-inch base course gravel and curb and
gutter
590,950.05
Improvements for Front Street parking, including new 31-foot asphalt
parking section with 1 '/2-inch base course gravel and curb and gutter
191,316.16
Total Costs of Infrastructure Improvements
$ 1,607,095.68
Summary Description of the Project Fees and Charges:
Transportation Impact Fees $ 420,395
Water Impact Fees 73,459
Fire Impact Fees 28,266
Total Project Fees and Charges $ 522,120
Total Eligible Costs $2,129,215.68
C-1