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. ., MEMORANDUM _ <br /> DATE = May 8 , 1987 <br /> TO : Mayor and Councilmembers <br /> FROM e David M. Childs, City Manager <br /> KENZIE TERRACE PEDESTRIAN SIGNAL FUNDING <br /> I have learned that �5,1000 dollars in Hennepin County CDBG funds <br /> allocated about 3 or 4 years ago for housing rehabilitation in <br /> St. Anthony remain unexpended. <br /> The Kenzie Terrace pedestrian signal remains funded at the level <br /> of $45 ,707 out of a probable cost of $75 ,000 (or about $29 ,293 <br /> short) . I recommend the '[S,d00 allocated for housing rehab be <br /> reallocated to the signal project and that the Council authorize <br /> preparation of plans and specifications for the project. The <br /> remaining $15 ,000 still unfunded could come from next year' s CDBG <br /> allocation or be funded by the Kenzie Terrace Tax Increment <br /> project. <br /> In addition, I would hope that CDBG funds could also be allocated <br /> next year to complete a sidewalk on the north side of Kenzie <br /> Terrace from Stinson to at least the Kenzington project. We are <br /> getting cost estimates for a 4 ' concrete sidewalk at this time. <br /> A resolution reallocating the CDBG funds for the signal project <br /> is attached. <br /> I also recommend that the Council authorize final plans and <br /> specifications for a pedestrian signal to be completed by an <br /> engineer of your choosing and paid with CDBG funds. <br />