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• • CITY COUNCIL AGENDA ITEM 6C STAFF ORIGINATOR: Michael Grochala MEETING DATE: January 9, 2012 TOPIC: Consideration of Resolution No. 12 -05 Accepting Feasibility Report on Improvements, and Calling for Hearing on Improvements, Otter Lake Road Extension VOTE REQUIRED: Simple Majority INTRODUCTION TKDA, the City's engineering consultant, has completed the feasibility study for the northerly extension of Otter Lake Road. Mr. Jim Studenski of TKDA will be presenting a review of the proposed improvements and estimated costs. BACKGROUND Over the past three years city staff has been working with property owners along the northeast quadrant of I -35E and Main Street to facilitate the northerly extension of Otter Lake Road. In March of 2011 MFC Properties presented a development concept to the City Council for property located northeast of the Otter Lake Road/Main Street intersection. MFC Properties subsequently submitted a petition, dated April 2, 2011, requesting the preparation of a feasibility study and installation of roadway, water main and sanitary sewer improvements to service pending development. On May 23, 2011 the City Council authorized preparation of a feasibility study for the proposed improvements. A copy of the study was distributed at the January 3, 2012 work session. The estimated cost of the proposed Phase 1 improvements is $895,000 including land acquisition, engineering, and construction. Approximately $872,150 is proposed to be assessed to benefiting property owners. RECOMMENDATION Staff is recommending approval of Resolution No. 12 -05 which accepts the feasibility study and calls for a hearing on improvements. The hearing will be scheduled for February 13, 2012. In accordance with Minnesota Statutes and the City Charter notice of the hearing will be published in the official newspaper and mailed notice will be sent to all affected property owners. ATTACHMENTS 1. Resolution No. 12 -05 2. Feasibility Study (distributed Jan. 3, 2012)