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Page 2 of 2 <br /> <br />required to include the proposed traffic signal at Target Road based on a completed traffic study. <br />The master PUD agreement further requires the developer of the Lexington Station site to pay <br />for or accept an assessment against the project property for the cost of the access improvements, <br />including the traffic signal. <br /> <br />Staff recommends approving Resolution 2021-044 to receive the feasibility report and order a <br />Public Improvement Hearing for the traffic signal improvements as part of the Lexington <br />Avenue Reconstruct Project. <br /> <br />Budget Impact <br /> <br />The total fee for the feasibility report is $5,570.00. The City of Shoreview has agreed to split the <br />cost, therefore, the City of Arden Hills fee total is $2,785.00 <br /> <br />From the feasibility report, the total estimated improvements costs for the traffic signal is <br />$191,385.00. <br /> <br />To date the City has also incurred some other legal and engineering costs attributed to this <br />project in the amount of $4,746.75. This brings the total estimated costs to $198,916.75. <br /> <br />All costs for this improvement are assessed to the benefitting properties as outlined on pages 5 <br />through 7 of the feasibility report. <br /> <br />Attachments <br /> <br />Attachment A – Feasibility Report – Alliant <br />Attachment B – Resolution 2021-044 <br />Attachment C – Master PUD Agreement <br /> <br />