04/07/2004 Council Packet - Laserfiche WebLink

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• • • MEMORANDUM DATE: April 5, 2004 TO: City Council FROM: Michael Grochala RE: Lake Drive /I -35W Interchange Study April 7, 2004 City Council Work Session As part of the Legacy at Woods Edge development review process, a traffic study prepared by Short, Elliott, Hendrickson, Inc., identified the necessary improvements to Lake Drive that would be required to facilitate development. These improvements included the following: 1. Signalization of Town Center Parkway/Lake Drive intersection and both ramps to I -35W. 2. Realignment of the northbound I -35W ramp. 3. Construction of two southbound left turn lanes between the I -35W bridge and Town Center Parkway. 4. Construction of a southbound left turn lane at the northbound I -35W ramp. 5. Construction of northbound right and left turn lanes at the Town Center Parkway/Lake Drive intersection. While the feasibility study for the proposed improvements, both internal and external to the Legacy site, is just commencing, the very preliminary cost estimate for the Lake Drive improvements is approximately $2.4 million. It is anticipated that these improvements would be, for the most part temporary, until the reconstruction of the I- 35W interchange. Because of the estimated cost of the Lake Drive improvements and the recognized need for improving the I -35W interchange, staff is evaluating options to: 1) facilitate improvement of the interchange in conjunction with the Legacy project; 2) minimize the extent of reconstruction if the interchange is constructed at a later date; and 3) provide a planning base to pursue county, state and/or federal funding for interchange improvements. J:\mgrochala\Projects\ Village \Correspondence \4 -07 -04 Interchange Study Council Memo.dot