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Mounds View EDA March 13, 2000 Regular Meeting Page 3 E. Approval of Agreement Terms with Springsted Public Finance Advisors for Conducting a Highway 10 Community Discussion for the City. City Administrator Whiting stated this proposal by Springsted and Associates was reviewed by the Council at the staff meeting the previous week. He indicated he had the opportunity to speak with Bob Thistle, who is a not only a City Manager, and is employed with Springsted and Associates, but also travels Highway 10 daily, from Coon Rapids to St. Paul and back. He explained that the purpose of the initial discussion with Mr. Thistle was to establish an approach to the examination of financial and real estate data pertaining to the area immediately surrounding Highway 10, to determine what could be gleaned from that data for the City’s consideration in the future. He noted this proposal actually came before the accident that occurred on Highway 10, however, much of the direction could apply to the same considerations. City Administrator Whiting stated Mr. Thistle has proposed several steps of a work plan that would help guide a discussion, and he would suggest that the EDA consider entering into this agreement. He stated the estimated cost for these services is between $5,000 and $6,000. He indicated that if the EDA is interested in pursuing this plan, he would recommend that as part of the motion, a Council review be set for the date of completion of the work, or when the amount of time has accumulated to the $5,000 figure. Acting President Stigney inquired if this item would be funded with TIF monies. City Administrator Whiting stated this would be a logical source from which to allocate the funds. He explained that TIF has financed some of the City’s past studies, and this is the reason the item was placed on the EDA agenda. MOTION/SECOND: Thomason/Marty. To Approve Agreement Terms with Springsted Public Finance Advisors for Conducting a Highway 10 Community Discussion for the City (and To Set a Council Review for the Date of Completion of the Work, or When the Amount of Time has Accumulated to the $5,000 Figure). Ayes – 4 Nays – 0 Motion carried. Commissioner Mary inquired when this study would commence. City Administrator Whiting indicated he would attempt to have Springsted and Associates present an overview of their plan at the April Work Session, and develop a schedule at that time. He indicated they would probably wish to consult with the Community Development staff, who would assist them in the information gathering process. He stated he would attempt to schedule this matter on the next Work Session Agenda, and would confirm this date with Mr. Thistle. Commissioner Marty stated this was an important consideration, as it ties in with the Comprehensive Plan, as well as the safety issues of Highway 10.