05-22-1991 Council Agenda - Laserfiche WebLink

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MEMORANDUM TO: Members of the Park Commission FROM: Joel Hanson, City Administrator DATE: May 16, 1991 RE: DeSoto Street Improvements As you know, the first phase of the Costa Estates plat necessitates the development of DeSoto Street. Because DeSoto Street fronts on Pioneer Park property, the City must look at absorbing its fair share of costs associated with the improvement of that street. Your input is needed to help us evaluate how to best handle this process. Attached is the pertinent material from the feasibility study for this project as prepared by Mike Lynch of Bonestroo, Rosene, Anderlik & Associates. Some key points for you to consider in relation to this improvement are as follows: * The right -of -way proposed to be acquired from Pioneer Park is 27 feet. Initially, we thought the street right -of -way would be 50 feet, but upon further review, Mike Lynch is recommending a 60 foot right -of -way. (Note that this is less than the 66 feet indicated in the feasibility study.) In discussing this with Bill Sanders, he indicated that provisions were made to allow for this 27 feet to be deducted from the available Pioneer Park property. In the developer's agreement executed with the Costas, we have determined that the acquisition price for this easement will be $2 per square foot. That calculates to approximately $51,030 to be paid for this easement. (945 lineal feet x 27 feet in width = 25,515 square feet. 25,515 x $2 = $51,030) It should be noted that while we will receive a credit for that amount as part of the improvement project, the Park must also pay its share of the cost of that easement as well as part of the total street improvement costs. Page 65