Laserfiche WebLink
communities and Mn/DOT, we are evaluating funding sources based on the 50/50 <br />funding scenario. <br />Staff is proposing to fund our local share from State Trunk Highway Turnback dollars <br />that are available from the Highway 49 turnback of which a portion adjacent to the State <br />Correctional Facility was returned to the City. It appears from our evaluation that <br />approximately $250,000 to $300,000 is available to the City from this fund. <br />While a substantial portion of the $8.5 million construction funding gap will be covered <br />by Anoka County we are anticipating a significant local contribution. The amount of our <br />contribution will likely have an impact on the timing of construction as well as potentially <br />impacting, positively or negatively, the County's ability to assist with the Lake Drive <br />interchange construction. <br />If it is the City's intent to apportion some of these infrastructure costs to new <br />development in the interchange area then we need to begin evaluating what options are <br />available to facilitate this. The Council is aware that the Hardwood Creek developer has <br />identified their willingness to substantially participate in this improvement. However, <br />there is also considerable development interest in the other quadrants of the intersection. <br />It is staff s opinion that infrastructure costs should be equitably distributed across the <br />benefiting properties within the interchange area. In order to do this staff would <br />recommend preparing an engineering analysis to evaluate possible cost allocation <br />scenarios as well as a review and report from our financial and legal consultants. We <br />would also recommend an evaluation of our Municipal State Aid fund to identify what <br />dollars, if any, could be available for either the 35E or 35W interchanges. <br />Council Direction <br />1. Should the City continue to pursue reconstruction of both 35W and 35E <br />interchange reconstruction? <br />2. Should staff work with the City's Financial, Engineering and Legal <br />Consultants to evaluate interchange funding sources including special <br />assessments and Municipal State Aid Funds? <br />3. Should the City use available State Trunk Highway Turnback funds to cover <br />local share of costs related to 35E /Main Street preliminary and final design, <br />and 35W /Lake Drive and funding source review expenditures? <br />4. Should the City support City of Centerville's proposed CSAH 14 and <br />interchange improvement legislation? <br />3 <br />