Assessments part of 2013 Infrastructure Project
A handful of Waconia property owners are going to have to swallow an assessment on their property — even though only a few years have passed since their property was last assessed.
During a meeting held Oct. 15, the Waconia City Council approved a feasibility study for the 2013 Infrastructure Improvement Project and called for a public hearing on the project at 6:15 p.m. during the council meeting on Nov. 19.
The project includes the reconstruction of Olive, Vine and Cedar streets between Lake and Main streets; mill and overlay for all residential streets in the Ravenwood and Hilltop Development; the reconstruction of the Ravenwood and Hilltop Development Trail from CSAH 10 to Sparrow Road; and the construction of a trail in Sugarbush Park.
The estimated cost of the project is $1.085 million, with approximately $106,000 of the $500,000 street reconstruction costs being assessed to 15 properties. The assessment is approximately $7,000 per property, or about $650 per year for 15 years. City staff noted that several of those 15 properties were also assessed when Lake Street was reconstructed in 2007-08. It was noted that then, those property owners were informed about the possibility of assessments concerning future projects.
After the public hearing on Nov. 19, the council may authorize the final design during that same meeting. Approval of the final design and authorizing the project for bid is expected to occur during the city council meeting on Jan. 22, 2012.