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• Improvement No. 5— Improvements to the Cleveland Avenue intersection with the Northbound � Ramps at I-35W. Estimated cost: $1,400,000. ._ • Improvement No. 6— Improvements to the Cleveland Avenue/County Road C2 intersection. ., Estimated cost: $520,000 _. • Improvement No. 11 — Improvements to the Fairview Avenue/Terrace Drive intersection. Estimated � cost: $1,941,200. < • Improvement No. 13 — The completion of Twin Lakes Parkway from the Prior Avenue roundabout to Fairview Avenue. $1,992,000. The report will generally identify the assessable areas that should be considered and the proposed �-�� assessment amounts. The anticipated assessments will be verified by benefit appraisals. There will be a public involvement component that will present the options and results of the study to property owners prior to bringing the feasibiliiy report to the City Council for consideration. - Staff would use this work to develop the Feasibility Reports for the individual projects as they become necessary to construct to mitigate traffic. POLICY OBJECTIVE r Staff seeks to find the most cost effective purchasing opportunities to meet budgetary and � operational objectives. SRF has over 12 years of experience worlcing with the City in the Twin �;� Lakes AUAR area. They developed the traffic model for the AUAR and subsequent � Infrastructure Improvements Study. They have a comprehensive understanding of the area and �� are able to develop a cost share methodology using these existing traffic models. In addition, 5: they are currently working on the I-35W North Managed Lanes Study which is developing travel ,�:� forecasting in the I-35W corridor adjacent to the Twin Lakes Area. : Contracting with a different consultant would require time for them to review the work done to .. date, time to understand the existing traffic model and networks, time to input existing data, and �� time to be brought up to speed on the potential changes in land use. As a result staff believes �� that SRF is the best choice for this work. 6 FINANCIAL IMPLICATIONS �� Staff recommends that the Hazardous Substance Subdistrict of TIF District 11 be used to fund �� the easement acquisition. It is anticipated that the cost for this study would be included as a F project cost and incorporated into the assessable costs for the public improvements. The cost for � the study as proposed is not to exceed $39,934. The estimated construction cost for the 4 �� improvements to be studied is $5,853,200. The cost to develop the feasibility report is 0.7°/o of �� that cost, this is less than the industry standard of 5%. STAFF RECOMMENDATION �� Staff recommends the approval of a contract with SRF Consulting Group, Inc. to Develop the Feasibility Report for Twin Lakes AUAR Infrastructure Improvements. REQUESTED COUNCIL ACTION :. Motion to Authorize the City Manager to Contract with SRF Consulting Group, Inc. to Develop the Feasibility Report for Twin Lakes AUAR Infrastructure Improvements. Prepared by: Debra Bloom, City Engineer Attachments: A: AUAR Public Improvement Map and Summary B: Professional Services Contract Page 2 of 2