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Item No: EDA 8A Meeting Date: February 25, 2002 Type of Business: EDA Business WK: Work Session; PH: Public Hearing; CA: Consent Agenda; CB: Council Business City of Mounds View Staff Report To: Mounds View Economic Development Authority From: James Ericson, Community Development Director Item Title/Subject: Consideration of EDA Resolution 02-EDA-161 Authorizing Expenditure of Tax Increment Funds for Trailway Lighting Improvements within the County Highway 10 Corridor Date of Report: February 20, 2002 Background: This item was before the City Council for discussion purposes at the February 19, 2002 Council Worksession. As the Authority may recall, the EDA approved expenditure of $82,500 in 2000 for streetlight and trailway improvements associated with the Mermaid and Walgreens developments. Because of setbacks with the Mermaid and delays with Xcel Outdoor Lighting, the dollars appropriated for the Mermaid lights and trail extension went unexpended. Discussion: Staff has presented the Council and Authority with different the trailway lighting options, and it was determined that the shoebox styled fixture, while not overly decorative, was a more cost effective fixture to install within the corridor to light the corridor trailways. The shoebox lights are almost half the cost of the more decorative “Domus” lights that were installed in front of City Hall and in front of the Walgreens development. The cost to install shoebox lights from County Road H to Woodale Drive will be $47,600, according to the quote provided by John Olson of Xcel Outdoor lighting. The prorated cost of the lighting that would be in front of the Mermaid would be $19,038. That would leave approximately $28,562 for which the City would be responsible. On a side note, the $82,500 also included appropriation to extend the Mermaid trailway from the north Perkins property line the remaining distance to the intersection of County Highway 10 and Woodale Drive. This expenditure is not a part of the attached resolution, however the Authority may want to briefly discuss this issue. Staff will be prepared to address potential funding sources for the extension, which could cost $10,000 if it were installed by the City. The trail extension could cost much less if it were done by the Mermaid’s contractor at the same time the Mermaid trail was installed. Staff has requested a “bid” from the Mermaid contractor to do the extension and we will inform the Council and Authority of any potential savings. Mermaid Lighting Report