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4.1 Powerpoint2024 Street Renewal Project VASSEURS OAK GROVE ESTATES 3RD AND 4TH ADDITIONS & HALLS 1ST, 2ND, & 3RD ADDITIONS Improvement hearing March 25, 2024 1 Proposed Project Location 2 VASSEURS OAK GROVE ESTATES 3RD & 4TH ADDITIONS & PID 118500291101 3 4 HALLS 1ST, 2ND, & 3RD ADDITIONS 4 5 6 6 7 7 Project Cost 8 Project Cost 9 10 146 Units @ $1,092 = $159,432 13% of project cost estimate Proposed Assessment 10 VASSEURS OAK GROVE ESTATES 3RD & 4TH ADDITIONS & PID 118500291101 11 12 HALLS 1ST, 2ND, & 3RD ADDITIONS 12 Timeline 13 March 21: OPEN HOUSE March 25: public Hearing April 8: Approve plans and specifications and authorize ad for bids May 8: bid opening May 13: award bids June 1: construction starts August 2: project completion Project Timeline 14 15 The proposed improvements are necessary, cost effective and feasible from a technical and engineering standpoint, and benefit the properties proposed to be assessed. The project can be efficiently completed as a stand-alone project. Conclusion 15 Recommendation 16 Resolution 2024-28 staff recommends the City Council approve Resolution ordering plans and specifications for the improvement of streets within Vasseur’s Oak Grove 3rd and 4th Additions and Halls 1st, 2nd, and 3rd Additions. 17 Thank you 18