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Mounds View EDA January 9, 2006 Regular Meeting Page 4 130 Commissioner Flaherty stated he wanted to raise the issue of streets since another tie-in is the 131 quality of life for future Medtronic employees and residents. He stated he is not implying that 132 would be a number one or two priority, but he believes it should be discussed. 133 134 President Marty stated his support since the Medtronic campus will result in an increase in 135 traffic. He stated he was somewhat encouraged when he learned of the negotiations and thanked 136 Public Works Director Lee for raising the issue of Well #4. He noted that if the City had to 137 construct a well, it would cost millions of dollars and this will assure an adequate water supply. 138 139 President Marty reviewed that several years ago, during a drought when everyone was watering 140 their lawns, Wells #1, #2, and #3 were pumping almost non-stop during the day and had to refill 141 during the night. He explained that putting Well #4 on line was previously a concern to him due 142 to an issue of contaminants. Several years ago, the Council had considered blending that well 143 with other water but rather than providing “adequate” water, he would like to provide “good” 144 water to Mounds View residents. He noted that the Medtronic water requirements will be greater 145 so he considers it a “carrot” if Medtronic is willing to come on board with that. 146 147 Vice President Stigney asked if there will be park dedication fees with Phase 2. Economic 148 Development Coordinator Backman stated there will not be since Phase 2 is not associated with a 149 land sale or transfer. 150 151 Vice President Stigney asked about the cap. 152 153 Shelly Eldridge, Ehlers & Associates, advised there is a total of $22.9 million of present value at 154 5%. She stated some of the costs could be funded outside of TIF if Medtronic is willing to do so. 155 Ms. Eldridge stated they are waiting for the feasibility study to get a better number to work with. 156 157 City Administrator Ulrich advised that a feasibility study is also being conducted on the 158 underground utilities. 159 160 Economic Development Coordinator Backman recapped that the EDA considers Well #4 to be a 161 higher priority than the sound wall. He asked which road projects the EDA has in mind. 162 163 Commissioner Flaherty stated he wanted road projects raised as a discussion item and he would 164 be suggesting a contribution to the general street fund. 165 166 Commissioner Gunn stated she supports consideration of roads in the northern area of Mounds 167 View because Medtronic traffic will be coming on Highway 10 and using Red Oak Drive or 168 Long Lake Road and County Road J. 169 170 Economic Development Coordinator Backman asked the EDA if the street fund is a higher 171