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• <br />2. Goal: Plan for and implement needed local and regional <br />transportation improvements <br />a. Specific Performance Objectives to be completed during 2008 <br />(1) Objective: Identify funding and financial package for 35E /Main Street <br />interchange reconstruction (Third Quarter 2008) <br />a. Key Action Steps: <br />i. Identify public and private funding sources, prepare <br />funding and financing plan <br />b. Lead Parties: Community Development Staff <br />Finance Department Staff <br />Key Contributors: Anoka County <br />Springsted Inc. <br />Kennedy & Graven <br />I -35W /E Coalition <br />c. Funding Source: General Fund - CD budget <br />STATUS: Final Design consultant retained by county (SRF Consulting Group). <br />County will be developing cost estimates over the next 2 to 3 months. Staff will <br />be working with Anoka County, Springsted and Kennedy and Graven to <br />determine funding options concurrently with final design. <br />(2) Objective: Continue to collaborate with Anoka County and I -35W /E <br />Coalition to plan for northerly by -pass (Ongoing) <br />a. Key Action Steps: <br />i. Assist in planning and support funding requests <br />b. Lead Parties: Community Development staff <br />Anoka County <br />Key Contributors: I -35W /E Coalition <br />c. Funding Source: General Fund - CD (Staff Time) <br />STATUS: Northerly By -pass included in both Anoka County and Lino Lakes <br />Comprehensive Plans. Anoka County proposing to pursue federal funding for <br />Environmental Assessment and Right -of -Way acquisition. <br />3 <br />