1.B Guiding Plan for the B2 District-Update

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items could be removed from the project while others may be implemented by private redevelopment or implemented in partnership with private development. Additionally, a portion of the cost for the proposed new traffic signal between Pine Tree Drive and Lexington Avenue would be offset by adjacent redevelopment. The details of the project can be adjusted during the design phase. The draft CIP Plan programs this project for design work in 2011 and construction in 2012, though the timing can be adjusted based on the City Council's project priority and available funding. The listed funding sources include the capital improvement fund, sanitary sewer utility, surface water management utility, and water utility funds. This project is not a traditional street maintenance/ reconstruction program as it is a County road and an enhancement project. Since this project is above and beyond the regular five year Pavement Management Program (PMP) that was discussed at the June 2009 work session, revenue sources will need to be identified. In discussions with the County, they have stated that they do not have the financial resources for the project. Revenue sources could include assessments, bonding, and/or municipal state aid funds. Discussion In addition to any questions from the City Council, staff would like to discuss the following questions to help this project move forward: 1. Lake Johanna Boulevard name change: a. Is the Council interested in officially changing the name of County Road E to Lake Johanna Boulevard? If so, staff will develop a process for discussing this change with the adjacent property owners. b. Is there a minimum threshold of property owners that must be agreement for the renaming to move forward? 2. Infrastructure improvements: a. Based on other City project needs, is the Council comfortable with the timing of the project in the draft CIP? The draft timeline would have design work in 2011 and construction in 2012. b. What funding options should be explored? Bonding could be an option, possibly in combination with assessments. If assessments are used for a portion of the project, the percentage would likely be based on the existing Assessment Policy for commercial properties. 3. Other questions? Attachment • Pages 4-7 to 4-9 of the Guiding Plan for the B2 District City of Arden Hills City Council Work Session —August 17, 2009 C:1Documents and Settingslbecky.brazysUcal SettingslTemporary Internet Files IOGK15FI08-17-09 -CC Work Session -Guiding Plan for the B2 District Update.doc Page 4 of 4