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Credits: The agreement could include additional opportunities for the city to earn <br />credits based toward our share. City and county staff have explored options including <br />county road turnbacks and land in lieu of cash for a future salt storage / truck garage. <br />These are just examples but show how the county is willing to be flexible in addressing <br />the cost share. The credit option also provides the city with a "contingency" to address <br />potential overruns and/or assessment adjustments if necessary. <br />Both county and city staff feel positive about these terms. The county is close to <br />finalizing right -of -way costs (most properties are ready to settle). Additionally, the <br />county has seen construction bids come in significantly lower than estimates. Based on <br />this and the possibility of receiving additional grants we are hopeful that the $5 5 million <br />dollar figure is on the high side. Any reduction in the city share would then result in <br />lower assessment figures for benefited properties. <br />Council Direction <br />Staff is requesting council consideration of the proposed agreement parameters. Based <br />on the council response staff and our consultant team will work with Anoka County to <br />draft the Joint Powers Agreement. <br />2 <br />