06/24/1996 Council Packet - Laserfiche WebLink

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TH 49 Turnback Page 2 Funding. Although reconstruction funding is available, the funds would have to be used within a ten year timeframe from the date of execution of the MOU. Considering that the expected lifespan of the roadway is greater than ten years, staff would not expect to utilize these funds. The City will receive approximately $22,000 towards maintenance costs of the roadway. Apollo Drive Extension. Although the extension of Apollo Drive is not directly related to the turnback of Fourth Avenue, Council had some questions regarding the alignment of Apollo Drive as it extends north of Lilac Street through property owned by the VFW. Staff and the VFW representative have discussed the Apollo Drive extension on a number of occasions recently. Apparently, the VFW is working diligently on site plans to construct a new hall on the parcel of land located on the north side of Lilac Street. The attached map illustrates how the Apollo Drive extension alignment will affect the parcel. This alignment creates two developable parcels on either side of the Apollo Drive extension. VFW representatives feel that this provides an opportunity to place the new hall on the south side of the Apollo Drive extension and then sell or lease the remaining parcel located on the north side of the Apollo Drive extension. OPTIONS: 1. Return to staff for further review. 2. Reject the Memorandum of Understanding 3. Adopt Resolution No. 96 - 29 authorizing the Mayor, City Administrator and City Attorney to sign the Memorandum ;of Understanding. RECOMMENDATION: Staff feels that the turnback of Fourth Avenue from the State to the City is appropriate as it better fits in with the existing street designations and MSAS funds are available above the City's normal 20% limit to aid in future reconstruction and maintenance of the roadway. Staff recommends that the City Council adopt Resolution No. 96 - 29 authorizing the Mayor, City Administrator and City Attorney to sign the Memorandum of Understanding.