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Last modified
10/26/2007 12:14:04 PM
Creation date
12/9/2004 7:24:12 AM
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Planning Files
Planning Files - Planning File #
3314
Planning Files - Type
Planning-Other
Additional Information
Livable Communities Demonstration Account
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<br />3.0 Summarv of Aoolication <br /> <br />3.1 The Twin Lakes proposal includes the construction of the Twin Lakes Parkway. The <br />construction of the Parkway is critical to improving the access to the interior ofthe 275- <br />acre area and encouraging the market-driven redevelopment of the underutilized parcels. <br />The Parkway will serve as the gateway to Twin Lakes because it will provide direct <br />access to the reconfigured I35W ramp on Cleveland Avenue (see site map). In addition, <br />pathways along the Parkway and through the sites will improve connections between the <br />future office uses, multifamily residences, and Langton Lake. <br /> <br />3.2 The application requests $1,000,000 for the following key elements. <br /> <br />1. Twin Lakes Parkway Construction: The requested funds of $1 ,000,000 will <br />help bridge the funding gap for the acquisition, cleanup and construction of Twin <br />Lakes Parkway, landscaping and pathways. According to the City ofRoseville <br />Engineering Department, the total cost of the Twin Lakes Parkway is estimated to <br />reach over $10 million and is distributed as follows: <br /> <br />Twin Lakes Parkway - ROW Acquisition <br />Contamination Cleanup of ROW and public land <br />Construction of Parkway (including pavement, curbs, <br />gutters, and median) <br />Utilities (including lighting) <br />Parkway Landscaping and Pathways <br />TOTAL ESTIMATED COSTS: <br /> <br />$6,000,000 <br />$525,000 <br /> <br />$1,000,000 <br />$1,310,000 <br />$1.850,000 <br />$10,685,000 <br /> <br />3.3 Staff anticipates that contamination cleanup can be covered by the BCRLF fund, and <br />there will potentially be revenue from the sale of excess right-of-way land. In addition, <br />the construction of the Twin Lakes Parkway will be funded by existing tax increment <br />funds and will be partially recaptured by assessments as parcels redevelop. To date, the <br />City ofRoseville has received three funding sources from the US Environmental <br />Protection Agency to assist in the following: <br /> <br />Phase I and II site assessments of the Parkway ROW <br />Brownfields cleanup revolving loan fund (BCRLF) <br />Regional groundwater study of Twin Lakes area <br />TOTAL US EPA SUPPORT TO DATE: <br /> <br />$200,000 <br />$500,000 <br />$150,000 <br />$850,000 <br /> <br />4.0 Staff Recommendation <br /> <br />4.1 Staff believes that the application for Twin Lakes will be received favorably at this time by <br />the Metropolitan Council for a number of reasons. The Twin Lakes future land use scenario <br />has a substantial housing component and plans for a mixed use, integrated environment that <br />will serve residents and employees well and meet the stated goals of the Metropolitan <br />Council. The Alternative Urban Areawide Review is nearly complete for Twin Lakes. And <br />the US EP A has granted $500,000 in cleanup dollars that may be applied to the Twin Lakes <br />Parkway. The City of Roseville has shown its funders that it is committed to the <br /> <br />RCA - Livable Grant Authorization 2001 -Page 2 of 3 <br />
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