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, POLICY OBJECTIVE <br />� This project would enhance the City's transportation networlc in this area and make some <br />���. improvements as identified in previous traffic studies of the Twin Lakes Area. <br />��;: FINANCIAL IMPACTS <br />: Staff recommends using funds from TIF District 13 to fund these improvements. <br />� The Community Development Department has indicated that there are no further obligations for <br />. TIF District 13 and therefore it intends to initiate decertification of the District later this year. <br />.. TIF District 13 is the College Properties TIF District which is in the general area of the proposed <br />_ improvements (Lincoln Drive, South of Lydia Avenue). <br />� Following the decertification, the City will receive approXimately $800,000 in excess TIF <br />., proceeds which could be utilized for these improvements. Awarding this contract would leave <br />.. an estimated balance of $545,091 for the actual construction of the improvements. <br />. STAFF RECOMMENDATION <br />Staff recommends the Council award a professional services contract with SRF Consulting <br />�. Group for the Twin Lakes Area East Collector Improvements in the amount of $254,909. <br />�' REQUESTED COUNCIL ACTION <br /><:, Award a professional services contract with SRF Consulting Group for the Twin Lakes Area <br />-� East Collector Improvements in the amount of $254,909. <br />Prepared by: Marc Culver, Public Warks Director <br />Attachments: A: Figure <br />B: Design Services Contract <br />C: Design Services Proposal <br />Page 2 of 2 <br />