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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 <br />2012 <br />2014 <br />Total <br />Planning /Design <br />278,000 <br />0 <br />278,000 <br />Construction <br />0 <br />2,334,000 <br />2,334,000 <br />Total <br />278,000 <br />2,334,000 <br />2,612,000 <br />Funding Sources <br />2012 <br />2014 <br />Total <br />Capital Improvement Funds (PIR) <br />175,000 <br />1,53 8,000 <br />1,713,000 <br />Sanitary Sewer Utility Fund <br />20,000 <br />160,000 <br />180,000 <br />Surface Water Mgmt Utility Fund <br />52,000 <br />371,000 <br />423,000 <br />Water Utility Funds <br />31 ,000 <br />265,000 <br />296,000 <br />Total <br />278,000 <br />2,334,000 <br />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 B -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 />