09/06/2018 EDAC Packet - Laserfiche WebLink

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ECONOMIC DEVELOPMENT ADVISORY COMMITTEE AGENDA ITEM 3B STAFF ORIGINATOR: Michael Grochala EDAC MEETING DATE: September 6, 2018 TOPIC: 77th Street Realignment BACKGROUND In 2002, in conjunction with the construction of the MarketPlace development (Target/Kohl's), a new signalized intersection was created at Marketplace Drive and Lake Drive. At the same time the existing 77th Street/Lake Drive intersection was converted to a right -in, right -out only intersection. In consideration of the access closure the City envisioned the potential future realignment of 77th Street, west of Lake Drive, with the new Market Place intersection. In 2007, as part of a potential redevelopment plan for City owned property, a feasibility study was completed for realigning 77th. The realignment was intended to restore full access to Lake Drive for properties northwest of the 77th/Lake intersection. Additionally, the project would aid in development of City owned properties north of 77th Street and properties to the south. The study identified the properties that would need to be obtained to complete the improvements. One of the properties is a single family home immediately adjacent to the intersection. Staff has recently been contacted by the owner of the property inquiring as to the City's interest in the property. As mentioned, the extension of 77th is both a transportation as well as a potential economic development improvements. Staff is seek EDAC comment and interest in pursuing the property. ATTACHMENTS 1. 77th Street Realignment 2. 2007 Concept Site Plan