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<br />Item #: 5E <br />Meeting Date: Feb. 17, 2012 <br />Type of Business: EDC <br />Administrator Review: ____ <br />City of Mounds View Staff Report <br /> <br /> <br /> <br />To: Economic Development Commission <br />From: Heidi Steinmetz, Economic Development Specialist <br />Item Title/Subject: Discuss County Road 10 Corridor Improvements <br /> <br /> <br />Background <br />On November 18, 2011, the EDC reviewed the 2006 Premium Stop Redevelopment Area <br />Study and made plans to discuss how the EDC would recommend using the EDA’s <br />approximate $700,000 in available TIF funds for redevelopment purposes. <br /> <br />On January 3, 2012, the City Council discussed possible County Road 10 improvements <br />and enhancements and directed city staff to contact Ramsey County to inquire about grant <br />funds available for beautification projects. Staff spoke with Joe Lux, Planning Specialist <br />with Ramsey County Public Works, and he confirmed that there is no funding available from <br />the County for beautification projects along County Rd 10. The City Council also asked that <br />the EDC recommend a list of County Road improvements with associated cost estimates <br />that could be implemented as early as this summer. <br /> <br />Discussion <br />Listed below are several County Road 10 improvements included within the City’s Five- <br />Year Financial Plan for 2012-2016 (see attached pages 6 & 8 of the Five-Year Plan). The funding <br />for the improvements in the Five-Year Plan is separate from the approximate $700,000 in <br />unobligated TIF funds. <br /> <br /> Two intersection improvement projects are planned for 2012 (County Rd H, Silver Lake Rd). <br /> Two intersection improvement projects are planned for 2013 (County Rd I, Woodale Dr). <br /> Two trail segments (6 & 11) are planned for 2013. <br /> Gateway features for at total of $886,600 are planned for 2014. <br /> Median enhancements for $350,000 are planned for 2014. <br /> <br />There are also two pending senior citizen housing projects to be constructed along County <br />Road 10 (Select Senior Living and Coventry Senior Living). These projects would <br />significantly improve the image of the County Road 10 corridor. <br /> <br />The chart on the next page is a list of beautification ideas that city staff brainstormed, along <br />with the funding mechanisms and estimated costs to complete the improvements. The <br />estimated costs are initial investment costs and do not include ongoing maintenance. <br />Sources for the estimated costs are listed in the chart (see attached 2002 County Road 10 <br />Redevelopment and Redevelopment Plan Preliminary Cost Estimates). <br />