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6.5 Appr 96 Subdiv Improvements CITY OF SALINA REQUEST FOR COMMISSION ACTION DATE IIME 8/5/96 4:00 P.M; AGENDA SECTION: ORIGINATING DEPARTMENT: ~ APPROVED FOR NO. 6 Engineering & Otiliti~s AGENDA: ITEM NO. 5 y~ BY: Shawn 0 ' Lear BY: ~ Approval of the plans and specifications for the 1996 Subdivision Improvements, Project No. 96-971. BACKGROUND The City Commission has recently approved five (5) petitions for street, water, sanitary sewer and storm drainage improvements in the following subdivisions: 1. River Meadows Addition/Victoria Heights Addition (streets, drainage, water, sanitary sewer). 2. Nord Subdivision/Wallerius Addition (streets and drainage). 3. Belmont Plaza Addition (streets, drainage, water, sanitary sewer). 4. Tasker Addition (streets, drainage, water, sanitary sewer). 5. Valley View Addition (water). Plans and specifications have been developed for these improvements to be accomplished as one construction project. The estimated cost of the improvements is $1,155,000· In most cases, subdivision improvements will initially be funded by the City with general obligation bonds, while the petitioners will submit letters of credit in the amounts of 35% of the project costs, or 20% cash, at the time of construction contract award. When the properties in the benefit district have been 35% developed, the letter of credit will be released· This project will provide 50 additional developable residential lots and 6 additional developable commercial lots. In addition, significant sweet, drainage and water improvements will be made to serve over 60 other lots. RECOMMENDATION It is recommended that the City Commission approve the plans and specifications for the 1996 Subdivision Improvements, Project No. 96-971, and allow staff'to establish a bid date for the project. 1996 SUBDIVISIONS 1. RIVER UEADOWS,/%ICTORIA HEIGHTS 2. NOP, D SUBDIVISION/~P/ALI~S ADDIllON 3. BELMONT PLAZA ADDITION 1 4. TASI(ER ADDI110N, PHAZE III 5. VALLEY VIEW AD~110N