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Page 2 Steven Sarozy February 11, 1993 Rosedale area, would be an ideal project for funding under the 1994 federal program which will be receiving applications in May. Also, in discussions with the RTH, the MTC, other transit related agencies, and Mn T, they have suggested that we should pursue the HOV portion of the project , .stage 1B O, since that is of interest to the transit related agencies and financing may be ava i lab 1 e in 1994 ups ing separate - state funds. Done of the agencies at this time are interested in contributing towards the development of a feasibility study as outlined in the project financial plane However, the agencies have indicated that the project needs further clarification and definition, so it might be reviewed in greater detail by affected agencies for future f inanc ing What has been suggested at this time is a preliminary feasibility study as outlined in the attached proposal-letter from BRW. The anticipated cost of this study is $30,000, and it is proposed that the City of Roseville and Rosedale split the cost for the initial study equally with each agency paying $15,000* In the original proposal, if the project were funded for further work, our share of the Stage 1 study would have been $10,000, cash and $io.000 in additional "in -kind" services. Moving ahead with this feasibility study will not guaranty financing of the major study or financing for the improvements However, for further consideration] additional information is .re fired. It would be appropriate for us to participate in this study in order to pursue financing for these needed improvementse The $15,000 can be funded from the city O s- M o S e A e fund. Staff recommendation: In order to proceed with the project and sue available financing, it is recommended that the council pursue g � consEder the - expenditure of up to $15,000 for the city � s share of . the p reliminary feasibility report and authorize execution of the agreement with BRW to provide the services. BRW has indicated that it is also willing to donate 111n- kind'l services up to an amount not to exceed 51000 to support the projecte' All the agencies and the consultant recognize that the implication of g such improvements go far beyond just the City of Roseville and Rosedale and has application throughout the metropolitan area in other suburban locations near regional shopping facilities. Hr. Jeff Benson from BRW will be at the February work session to discuss the project in greater detail with the council. If the council concurs with the recommended expenditureor the item should be considered for formal approval of the agreement at the next regular-council meetings