HomeMy WebLinkAbout22 - Underground Utility Assessment District No. 117 - PowerPointJune 26, 2018
Item No. 22
UTILITY UNDERGROUNDING
AWARD OF CIVIL CONSTRUCTION
Fort'
AD -117 — Corona del Mar
(Acacia, Carnation, Pacific Drive to Coast Hwy)
Public Works Department
June 26, 2018
Council Meeting
Boundary of Assessment District 117
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PROPOSED ASSESSEMENT DISTRICT NO.117 (FINAL)
AREA BOUNDED BY BAYSIDE DR., AVOCADO AVENUE, COAST HWY., AND CARNATION AVENUE.
! POLES TO BE REMOVED DISTANCE: 6,644 L.F.
0 POLES TO REMAIN IN PLACE PARCELS: 214
GUY WIRE TO BE REMOVED
OVERHEAD LINES TO BE REMOVED
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EXHIBIT'A'
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PROPOSED ASSESSEMENT DISTRICT NO.117 (FINAL)
AREA BOUNDED BY BAYSIDE DR., AVOCADO AVENUE, COAST HWY., AND CARNATION AVENUE.
! POLES TO BE REMOVED DISTANCE: 6,644 L.F.
0 POLES TO REMAIN IN PLACE PARCELS: 214
GUY WIRE TO BE REMOVED
OVERHEAD LINES TO BE REMOVED
OVERHEAD LINES TO REMAIN IN PLACE
EXHIBIT'A'
Assessment District 117 Cost Review
Formed November 24, 2015 at a total Assessment of $4.5mil
Approximately $21,100 per parcel
Construction portion estimated at $3.8mil
Edison designed and bid on September 2017
Actual Edison cost received was $5.9miLon November 2017
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Public Works re -bid the plans
Received 13 of bids, May 2018
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Re -bid total construction cost of $3.8mil 1,
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Schedule for AD -117
✓September 12, 2015 -Notice of Intent
✓ November 24, 2015 -Public Hearing
✓ Original Planned Construction Sept 2017
• July 2018 -Construction begins
• SCE/AT&T/Time Warner Installs - 6 months
• September 2019 -Residents Hook Ups
• July 2020 - Poles/Wires Removal Begins
• September 2020 - Undergrounding Completed
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Resident Driven Assessment
Amount w -d
Total Assessments * 268 $4,640,550 100%
Prepaid Assessments 85 ($1,559,325) 32%
Cash Discount 85 ($121,472) N/A
Proposed Financing 187 $2,959,000 68%
* Public Hearing and Vote - September 22, 2015
Financing Schedule
June 26, 2018 Bond Authorization
June 28, 2018 Prelim. Official Statement Posted
July 11, 2018 Bond Pricing
July 25, 2018 Closing -Proceeds Available
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QUESTIONS
Public Works &Finance Departments
Utility Undergrounding District
Animation Example
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