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Regular City Council Meeting Monday,August 11,2014 Page 22 Mayor Roe clarified that there was an approximate $200,000 to $300,000 gap in the identified funding sources and final projected costs. At the request of Councilmember McGehee, Mr. Culver addressed future discus- sions and decision by the City Council if the consulting firm's analysis supported construction of a roundabout, and additional estimated costs for that additional design and construction option. At the request of Councilmember McGehee, Mr. Culver reviewed estimated annual costs for a traffic signal at approximately $1,000 to $2,000, wither general maintenance and signal pole maintenance mostly borne by Ramsey County and power costs borne by the City; with regular mainte- nance reviewed on a typical five year basis as traffic volumes changed. Councilmember McGehee expressed concern regarding past discussions and sug- gestions that roundabouts were not senior-friendly. Mr. Culver responded that there were already two roundabouts in that area that drivers would experience. With Mayor Roe and Councilmember Willmus clarifying that construction of a roundabout was only in the preliminary stages at this point, making this discus- sion premature, Councilmember McGehee asked that staff provide updated data on roundabouts for future discussions. At the request of Councilmember Etten, Mr. Culver advised that staff would con- tinue to work with MnDOT and/or Ramsey County on any area studies that may prove advantageous for the City's participation; and offered to look into any on- going projects currently underway along the corridor. At the request of Councilmember Laliberte, City Manager Trudgeon, with agree- ment by Finance Director Miller, clarified that tax increment financing(TIF) funds were available at this time, and the project would not rely on any future TIF dollars. Etten moved, McGehee seconded, award of an engineering services contract (DRAFTED in Attachment B) to SRF Consulting Group in the amount of $301,040, inclusive of the optional storm water system review; contingent upon City Attorney review of the agreement. For the benefit of the public, and for his personal clarification Councilmember Willmus reiterated that this project would not involve any type of assessment pro- cess to accomplish, but would be done with existing dollars, whether TIF or state highway dollars. Based on that situation, Councilmember Willmus advised that he would support the motion. Roll Call