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081880 CC SP Min . . . ~bbiB CITY OF SHOREWOOD SPECIAL COUNCIL MEETING AUGUST 18, 1980 COUNCIL CHAMBERS 5755 COUNTRY CLUB ROAD 7:30 P.M: "MI"N"UT"E S A special meeting of the Shorewood City Council was called at 7:30 P.M. on Monday, August 18, 1980 by Mayor Frazier in the council chambers, pursuant to Resolution No. 48-80, adopted July 14, 1980. PLEDGE OF ALLEGIANCE & PRAYER The meeting opened with the Pledge of Allegiance and Prayer. ROLL CALL Council members present were: Frazier, Keeler, Naegele, Haugen, and Shaw. Staff present: Attorney Sanders, Engineer Norton, and Clerk Wiltsey. BIDS ON DEEP WELL " The meeting was called for the purpose of awarding bids on installation "of a deep well - [Phase 1 - (a) - which bids were received and opened on August 14, 1980. ENGINEER'S REPORT: BIDS ON WELL " "RESOLUTION NO. 55-80 79 WW-2 ~se 1 (a) Moved by Keeler, seconded by Naegele to approve the engineer's recommen- dation to adopt a resolution to award the low bid to Bergeson-Caswell Inc. in the amount of $49,656.00. Motion carried unanimously. ADVERTISE FOR BIDS"- Phase" b)artd (c) Engineer requeste irection rom t e Coucnil on whether water connection up to the property line should be included in the bid. After further dis- cussion, it was moved by Haugen, seconded by Keeler, to authorize the engineer to advertise for bids on phase (b) and (c) [as already provided for in resolution #48-80] - base bid to include pump house and appurtenances and the trunk line from the well source to the Wild Duck Addition, and"" water connections to the oroperty lines ~alternate bia to provide for deletion of any or all the connections as designated by the engineer. Motion carried unanimously. ADJOURNMENT - 8:20 P.M. Respectfully submitted, _~~4/);~ Elsa 1. Wiltsey, Cletk . 114 EAST SEVENTH STREET RECEIVEO' AUG 14 f9.80 JURAN & MOODY, INC. MUNICIPAL BONDS EXCLUSIVELY SAINT PAUL, MINNESOTA 55101 TELEPHONE 612/298-1500 August 13, 1980 Mrs. Elsa Wiltsey City Clerk City Hall 5755 Country Club Road Shorewood, MN 55331 RE: GENERAL OBLIGATION WATER IMPROVEMENT BONDS OF 1980 CITV OF SHOREWOOD, MINNESOTA ROUTING ~= .I~ f~ Pl{ -- -,-",.- A_._; E_-r AgeDGa Dispos. z;.-"/ "" Dear Mrs. Wiltsey: e Over the last couple of weeks Bob Sander and myself have met with your attorneys in trying ot develop a financing program for your proposed water improvements within the city. The preliminary cost estimates that we were given for improvements to Wild Duck are approximately $216,000 of which it is our understanding that $52,000 ($2,000 per unit X 26 units) will be assessed against benefited property. It is estimated that the remaining cost of $164,000 will be paid by user charges. From preliminary information supplied by the city engineer and city attorney, it has been estimated that the city could serve immediately a minimum of 190 units to a maximum of 260 units. Using an estimated average quarterly water bill of $25 per unit and assuming that the city can net out an additional $5,500 per year from present city users on other city systems, we feel that the bonds will be self-liquidating and that there will also be enough money per year to pay the estimated operation and maintenance of the system. It would be our recommendation that the city issue bonds in an amount of $200,000 which can be negotiated directly by our firm without having to go through the time and added expense of a public issuance. The city would then have a commitment for the financing of the well project in Wild Duck which will be bid August 14. The city will also have enough money to virtually complete the construction of the water pipe from the city park to the proposed new users. We would propose that these bonds mature over a 15 year period with the maturity schedule weighted slightly with more maturities past the year 1990. This will allow future users to help pay the cost of the trunk facility from the park to the subdivision. r,:--'r e 'JURAN & MOODY, INC. e Mrs. Elsa Wiltsey August 13, 1980 Page 2 I might point out that we have not considered in our calculations any potential water users form either Near Mountain or from any subsidized housing projects. As new users are added to the system, more and more security will be added to the water bonds. It is our understanding that the city is also considering improvements in the Boulder Bridge area which will be 100% assessed against benefited property. We would anticipate that because this financing will be over the statutory limit of $200,000 per negotiation, we would sell general obligation bonds at public sale once we either have firm engineering estimates or actual construction bids. Juran & Moody, Inc., will offer to purchase general obligation bonds in an amount not to exceed $200,000 at the wish of the council. All we need is one or two days notice to put together all the necessary bond transcript items. If you have any questions or if I can be of any further service to you, please do not hesitate to call. Very truly yours, . JURC,8.NN..&. MOOP~~' c. ......"...-.-.. /..:::,......~.'.. '.. ". C ,," , J / . ...,X v. ~.~""..~ ~teven . Mattson Vicy resident SJM/eh cc: Frank Kelly John Sanders Jim Norton Steven Frazier . MAYOR Steve Frazier CITY OF SHOREWOOD COUNCI L William Keeler Robert Naegele, Jr. Jan Haugen Tad Shaw CLERK-ADMINISTRATOR Elsa Wiltsey e- 5755 COUNTRY CLUB ROAD . SHOREWOOD, MINNESOTA 55331 . (612) 474-3236 August 12, 1980 In re: Tad Shaw Elsa I. Wiltsey Shady Island - Lot 41 To: From: I will attempt to explain the sewer charges as applied against Lot 41, Shady Island. The sewer was installed on the island two years after the sewer was installed on the mainland. The formula applied, spreading the costs of assessments, were as follows: Trunk charges: ~ .07~i per square feet of land, excluding wetlands. Unit charges: 1st unit - E-l Lateral charge $2543. 2nd unit - E-2 Lateral charge 2243. Each unit thereafter D Laterals 1000.~d0. . t .""f \ This parcel had an original charge of $2962 which was based on 39,495 square feet (less than an acre) but there was no unit charged against the lot - which in essence would make it unbuild- able until a unit charge was made or collected. The reason for charging a square footage charge was to cover the cost of the trunk line which in their opinion was a benefit to all land whether used for building or not. As Frank Kelly explained, the bonds were sold for X number of dollars to be paid from the spread of the assessments against all benefited properties. The total amount assessed was less than the cost of construction (for which bonds were issued) there- by 'assuming that property divisions will occur to bring in addi- tional revenue for payment of bonds. Therefore any cancellation of sewer assessments at this point will only increase the difference between special assessments receivable and bonds payable. . A Residential Community on Lake Minnetonka's South Shore e. MAYOR Steve Frazier CITY OF SHOREWOOD COUNCI L William Keeler Robert Naegele, Jr. Jan Haugen Tad Shaw CLERK-ADMINISTRATOR Elsa Wiltsey ------------------------------- --- 5755 COUNTRY CLUB ROAD . SHOREWOOD, MINNESOTA 55331 . (612) 474-3236 August 15, 1980 MEMO: To CITY COUNCIL From: Elsa -- Pursuant to Resolution No. 48-80, ddopted by the City Council, July 14, 1980 relative to the bids on the deep well at Badger Field (Project No. 79 - WW-2) a Special Council Meeting is called at 7:30 P.M. on August 18, 1980 in the Council Chambers to award bids received on August 14, 1980. Copy of Resolution No. 48-80 is enclosed and a copy of the tabulation sheet. The engineer is reviewing the bids and will present the final tabulations at that meeting. Elsa Enc. 2 Please inform me if you will not be in attendance~ We need three in attendance and Tad will not be there. e A Residential Community on Lake Minnetonka's South Shore / /~/!,q- . BID TABULATION for BADGER FIELO DEEP WELL AND APPURTENANT WORK PROJECT NO. 79WW-2 FOR THE CITY OF SHOREWOOD, MINNESOTA August 14, 1980 , j , Sf. Opened' 11: 00 A.M., ~v.:U<X?- - r2 t?-dd..uc L; t.t./' Orr - Schelen -May.ton a Associates, Inc. TOTA~ BID '-I .S~, Cont ractor ) tJ~~/ ,1 &e&4 .,.jf./ ~o, ~.;d- . '~'1L ~/ /( S'dJJ~~e. .50 :.?'o, .~ _.. .--r-, @ v~~_ /, g~e ~.~ ~-g. .31)0. a) J..{!~~-tt- - ~~:~ <f- ~---..-t\..c---' l..L-- <!.~...u4i... " ",~d..l'\.- ~ I - i 1 I hereby certify that this is a true and correct tabulation of the bids as received on By * Denotes Corrected figure Comm. No.