07-14-1997 EDA - Laserfiche WebLink

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Item No. ■7e • Sta:fif Report No;______ 1VMeeting Date: July 14, 1997 Type of Business: EDA Business WIC Work,Tessian,PI*-Public flawing. CA:Consent 4genda;CB:Council Easiness 3 liNcOunde View ODA Stott Report To: Economic Development Authority From: Pamela Sheldon,Community Development Director Item Title/Subject: Authorization of Funds for Professional Services for the Highway 10 Corridor Ring Road Development Date of Report: July 9, 1997 Summary: Staff is seeking autliorizadon from the Economic Development Authority for$11,000 for the completion of several tasks needed for implementation of the Ring Road through the O'Neil Property. Staff is recommending that these funds be taken from tax increment funds which have been allocated to Highway 10 redevelopment. Background: Mounds View was one of four citiesto participate in a design course sponsored by die University of Minnesota this spring. The focus in Mounds View was on design solutions for the Highway 10 corridor. The course resulted in the development of a"Ring Road"concept which would provide a io local level road system on either side of Highway 10 between Edgewood Drive and County Road I One of the key links in the Ring Road is through the O'Neil:property which is located between Long Lake Road,County Road H.2,and l[ ghway 10. The link would connect a new signalized intersection at Edgewood Drive and Highway 10 located and a new four way intersection at Mounds View Drive and Long Lake Road. At the City Council worksession.ori July 7, 1997,staff requested authorization to use tax increment funds to complete several tasks related to implementation of the Ring Road through the O'Neil property and creation of the signalized intersection at Edgewood Drive and Highway 10. These tasks included: ■ developing a road alignment and intersection design ■ calculating traffic generation aid distribution,so we know how much traffic will flow through the signalized intersection ■ preparing a signal sequencing study a preparing a contour map of the wetland ■ preparing the applicationto the federal,state and local agencies for crossing the wetland Staff has obtained estimates of the cost for doing the above tasks from SEH who acts as the City Engineer(see attached). The estimates total to$10,500. .Staff is requesting authorization for an amount not to exceed-$11,000:from tax increment funds which have been,set aside for Highway 10 redevelopment Staff regards this expenditure as,Critical to'makidg progress on implementing the Ring Road and to obtaining a signalized inteersec ion at Edgewood Drive and Highway 10. This intersection would serve not only the theater project but also.City Hall,the Police Dartment;and the Mounds