03-05-2001 Council Special Agenda

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Feasibility Study Little Canada Road /McMenemy Road Parking Lot Improvements IX. Financing Based on the City's Assessment Policy that governs reconstruction, the primary method of financing improvement projects is to assess the adjacent property owners on a front foot basis. However, due to dramatically different benefit that the adjacent properties will receive from this parking lot reconstruction project, staff suggests that an alternative assessment option may be more appropriate. The following assessment is provided as an example for the City Council to consider. • 1/3 City of Little Canada • 1/3 St. John's Church • 1/3 Distributed equally between the Respite Home, Credit Union, and the Apartment Building. X. Summary The project is feasible from an engineering standpoint and meets all standards set forth by the City. In an effort to reduce the cost of this parking lot project it should be included with the 2001 Street Reconstruction Projects due to the similar nature of this work. The reconstruction of this parking lot will be another step in improving the City of Little Canada's infrastructure and advancing the City's pavement management program. XI. Concerns • The City Council must determine if the layout (one -way traffic pattern) recommended is the layout they wish to have constructed. • Agreements from all adjacent property owners must be obtained prior to construction. • A storm water drainage easement should be obtained from those properties affected prior to construction. • The City Council must determine how they wish to finance this project. I hereby certify that this plan, specification, or report was prepared by me or under my direct supervision and that I am a duly registered Professional Engineer under the laws of the State of Minnesota. (77 Gregory A. Schroeder, P.E. Registration No. 18831 \CLCSRVOI \HOME \GregS \Parking Lot\Feasibility Study.doc o 9,0/ Date/ Page 5