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ARDEN HILLS SPECIAL CITY COUNCIL WORK SESSION—MAY 12, 2014 3 Community Development Director Hutmacher indicated that the City's revolving loan fund could be structured to provide a loan to assist a potential developer with redeveloping this property. Councilmember McClung commented that he might be able to support this idea. Mayor Grant recommended that staff speak to the bank about financing options for the redevelopment or demolition of this site. He stated that the Council was not comfortable with purchasing the property outright at this time. B. TCAAP • Infrastructure Study Update and City Cost Participation Agreement Public Works Director Maurer explained that Ramsey County received four proposals on Thursday, May 1 st. The selection committee reviewed the four proposals on Monday, May 5th and chose two teams to interview. The top two teams were a combination of Kimley- Horn/Wenck & Associates and Bolton & Menk/SEH. Interviews were held for the top two candidates on Monday, May 12th. The consensus of the group was to proceed with Kimley- Horn/Wenck & Associates. He explained that the County would begin negotiations with this group. Staff reviewed the items that would be included within the study and how the costs would be divided between the City and the County. Public Works Director Maurer estimated that, based on the Kimley-Horn proposal, the City's cost for the preliminary work would be in the range of$175,000. Cost participation in the final design would be an estimated additional $200,000. These studies would include a Chapter 429 feasibility study, anticipating assessments, along with 20 year maintenance costs. He explained that after the County finishes negotiations, he would bring back the Cost Participation Agreement with firm numbers for the preliminary work component and this would be presented to the Council at a future meeting. City Administrator Klaers reported that the cost for the study would be paid for initially through an internal loan that would then be reimbursed to the City in the future through assessments. Councilmember Holmes inquired why the study was being completed in two phases. Public Works Director Maurer stated that the two phases were similar to the process that was followed for all City projects, with a feasibility report laying out concepts and costs followed by final plans and specs. Mayor Grant requested that staff provide the Council with a complete budget for TCAAP expenses on the capital side. Councilmember Holden agreed that this would be valuable information for the Council to have throughout the TCAAP planning process.