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be the primary users of Iona Lane, this is reflected by their cost allocation per network trip, as shown on <br />the revised Figure 19. <br />POLICY OBJECTIVE <br />The intent of the Infrastructure Study was to allocate future public improvement costs related to <br />redevelopment in the Twin Lakes area. The proposed construction of Iona Lane as a public street <br />would benefit other uses within the redevelopment area. The proposed amendment to the study would <br />replace the existing figures 19 and 21 with new figures that reflect the addition of Improvement 17, <br />Iona Lane. <br />FINANCIAL IMPACTS <br />In the long term, developers will pay for the cost of the improvements when their property develops, <br />using the cost allocation formulas described in the "Infrastructure Improvements for the Twin Lakes <br />AUAR Area- Final Report ". <br />The "Infrastructure Improvements for the Twin Lakes AUAR Area- Final Report" clearly defines each <br />parcel's obligation for its share of costs for the infrastructure. It will still be the expectation that a <br />developer/ land owner will be responsible to pay for all of the required public infrastructure costs. <br />STAFF RECOMMENDATION <br />Staff recommends approval of an Amendment to the "Infrastructure Improvements for the Twin Lakes <br />AUAR Area- Final Report ". <br />REQUESTED COUNCIL ACTION <br />Motion to approve an Amendment to the "Infrastructure Improvements for the Twin Lakes AUAR <br />Area- Final Report" . <br />Prepared by: Debra Bloom, City Engineer <br />Attachments: A: Infrastructure Improvement Location Map <br />B: Twin Lakes AUAR Boundary Map <br />C: original Figure 19- February 2998 <br />D: Revised Figure 19 <br />E: original Figure 21- February 2998 <br />F: Revised Figure 21 <br />Page 2 of 2 <br />