03/13/2006 Council Packet - Laserfiche WebLink

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C1TY' F IN �� KES WS-6 WORK SESSION MEMORANDUM To: City Council From: Michael Grochala Date: March 6, 2006 Re: Work Session Item 6 Interchange Improvements Update Background City staff is continuing to work with Anoka County, Mn/DOT, and State Legislators regarding funding for the 35W /Lake Drive and 35E /Main Street interchanges. The following is a status update of each project. 35W /Lake Drive Interchange City staff, SEH Inc., Anoka County and Mn/DOT are continuing to work on the final design of the interchange. The City's application for federal participation through the State Transportation Improvement Program (STIP) was not recommended for funding. Anoka County, on behalf of the City has submitted a 2007 federal appropriations request to Senator Coleman and Congressman Kennedy for consideration. Additionally State Senator Reiter has submitted legislation, on behalf of the City, for state bond proceeds in the amount of $2.86 million for the interchange. Staff has also met with our Mn/DOT District Engineer to evaluate other potential funding methods. In each case state funding for the interchange is doubtful. The latest estimate for the interchange reconstruction is approximately $9.2 million, assuming $2.5 million each from the City and County, the cooperative agreement dollars and in -kind construction engineering from Mn/DOT, we still have a $3.2 million dollar gap in the funding. Staff is also in the process of completing final plans for the interim improvements (signals, ramp realignment, and Lake Drive widening). These have been sent to Mn/DOT for final review. The estimated interim improvement cost is approximately $2.8 million. The right -of -way acquisition process is currently underway. Property appraisals are being completed and staff anticipates offers being made in March. While we intend to make 1