Laserfiche WebLink
Expenditures and funding sources for the B-2 District Implementation Project are outlined as - <br /> below in the draft 2012 --- 2016 Capital Improvement Plan (CIP). <br /> Expenditures 2012 2014 Total <br /> Planning/Design 278,000 0 278,000 <br /> Construction 0 2,334,000 2,334,000 <br /> Total 278,000 2,334,000 2,612,000 <br /> Funding Sources 2012 2014 Total <br /> Capital Improvement Funds (P1R) 175,000 1,538,000 1,713,000 <br /> Sanitary Sewer Utility Fund 20,000 160,000 180,000 <br /> Surface Water Mgmt Utility Fund 52,000 371,000 423,000 <br /> Water Utility Funds 31,000 265,000 296,000 <br /> Total 278,000 2,334,000 2,612,000 <br /> The City may assess a portion of the cost of improvements to adjacent properties. Development <br /> Agreements for Select Senor Living and Arden Plaza contemplate an assessment rate of not more <br /> than $350.00 per lineal foot along County Road E. Assessments for properties that redevelop <br /> prior to the construction of County Road E improvements may be adjusted based on <br /> improvements made by the property owner at the time of redevelopment. <br /> In addition to CIP funds designated for County Road E improvements, $150,000 from PIR funds <br /> is programmed for the Highway 51 bridge replacement in 2014. <br /> The majority of the planning and design funds will be needed in Phase II of the Implementation <br /> Plan. Work products of Phase I include a preliminary budget, an identified assessment method <br /> for a-2 properties, and options for public funding. <br /> Recommendation <br /> Staff recommends that the City Council direct staff to negotiate a contract with Bolton& Menk <br /> for Phase I of the B-2 District Implementation Plan and to present the contract to the City <br /> Council for consideration. <br /> City of Arden Hills <br /> City Council Work Session October 17, 2011 <br /> Page 5 of 5 <br />