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v <br /> • <br /> MEMORANDUM <br /> DATE: November 8, 1994 <br /> TO: Michael Mornson, City Manager <br /> FROM: Larry Hamer, Public Works Director <br /> ITEM: SIGNAL LIGHT AT 39TH AND SILVER LAKE ROAD <br /> On November 1, 1994, the City Council agreed to use Minnesota State Aid <br /> • (MSA) funds for the modification of the signal light at 37th and Silver Lake Road <br /> at a cost to St. Anthony of $9,500. <br /> The signal light located on 39th and Silver Lake Road has been at that location <br /> for over 20 years. In conjunction with the improvements on Silver Lake Road, <br /> Ramsey County has proposed to replace this light at a cost of$79,200. This cost <br /> is not MSA refundable for the City. Ramsey County is asking the City to <br /> participate in the cost of this signal at 50% of the total cost, or $39,600. The <br /> light must hook up with the rest of the lights on Silver Lake Road. <br /> I informed Ramsey County that the costs for a new light on 39th/Silver Lake <br /> Road are not in the City's budget. In addition, I told them that the City would <br /> not have the funds to cover the costs for a new signal light until 1996. <br /> There are ways the signal could be paid for, i.e., tax increment financing, placed <br /> in the budget for 1996, or bond for the money with the 1995 road projects. <br /> • <br />