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City Council Regular Meeting Minutes <br />April 24, 2012 <br />Page 3 <br />1 City Manager Casey presented the proposed amendments to the Greater Metropolitan Housing <br />2 Corporation's program guidelines and noted this item was tabled from the March 13, 2012, City <br />3 Council meeting in order to clarify some of the repayment terms. <br />4 <br />5 Councilmember Jenson asked if the interest rate was reduced in the program guidelines and <br />6 whether the maximum loan amount was changed. <br />7 <br />8 City Manager Casey replied the interest rate was reduced from 4% to 3% to reflect the current <br />9 market. He added the maximum loan amount has not changed. <br />10 <br />11 Councilmember Stille advised that the program guidelines were previously silent the repayment <br />12 schedule and he requested the guidelines clarify that the repayment schedule is fully amortized, <br />13 which was the intent of Greater Metropolitan Housing Corporation. <br />14 <br />15 Motion by Councilmember Roth, seconded by Councilmember Gray, to approve Resolution 12- <br />16 045; Adopting the Greater Metropolitan Housing Corporation's Program Guidelines as amended. <br />17 <br />18 Motion carried unanimously. <br />19 <br />20 B. Update on Silver Lake Road LED Pedestrian Crossing Study_Janelle Borgen, WSB & <br />21 Associates, and Students from the University of Minnesota Capstone Program presenting. <br />22 <br />23 Director of Public Works Hartman introduced Janelle Borgen and stated Ms. Borgen has been <br />24 working with students from the University of Minnesota Capstone Program on a pedestrian <br />25 crossing safety enhancement project to increase pedestrian safety throughout the City. <br />26 <br />27 Ms. Borgen thanked the City Council for the opportunity to work with the students on this <br />28 project and stated their work has been focused on the mid -block crossing in front of City Hall. <br />29 <br />30 Ms. Amanda Larson thanked the City Council for allowing them to present their findings and <br />31 stated their project focused on the pedestrian crossing at Silver Lake Road and 34°i Avenue with <br />32 an objective of enhancing the crosswalk to increase pedestrian safety without disrupting <br />33 aesthetics. She explained the scope of their work included a site assessment, traffic study, and <br />34 design recommendations with an outcome of increasing use of the crosswalk and decreasing <br />35 jaywalkers. <br />36 <br />37 Mr. Ryan Anderson presented the results of the preliminary traffic study, which observed traffic <br />38 on March 27 and March 29 from 7:00-8:30 a.m. and from 2:30-5:00 p.m. He stated that 19% of <br />39 pedestrians were classified as jaywalkers and 81 % of pedestrians used the crosswalk. He stated <br />40 the average yield rate observed during the study was 49% and the installation of an Intelligent <br />41 Transportation System (ITS) device can increase the yield rate up to 75% or 90%. <br />42 <br />43 Mr. Tom Sachi presented possible solutions, including installation of a HAWK system, overhead <br />44 beacons, blinker beacons, rectangular rapid flash beacons, in -pavement LED markings, and in - <br />45 pavement LED blinker lights. I Ie stated a HAWK system is typically used in higher traffic areas <br />46 and costs $100,000, is very large, and not aesthetically pleasing. He stated the overhead beacon <br />5 <br />