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Attachment B 45 expansion of the current use and is in need of significant maintenance and 46 rehabilitation. The new facility will also include a 5,000 square foot space for 47 recreational programming. The total estimated cost is $7 million and includes 48 planning, design, phased construction, and infrastructure to support the new facility. 49 50 - Pedestrian Bridge over Hwy. 36 at Snelling Avenue: This project involves the 51 construction of a multi-use trail between County Road B and County C in the City of 52 Roseville along Trunk Highway 51 (Snelling Ave) across Trunk Highway 36 where 53 no current pedestrian facility exists today. Currently, non-motorized traffic that 54 desires to travel across TH 36 at this locationmust walk over half a mile east or west 55 to cross TH 36 and then return over half a mile. Over the past two decades, the City 56 has seen significant investment and demand for high density residential units, 57 including the construction of over 500 affordable housing units along County Road C 58 near Snelling Ave. The combination of transit, high density housing and retail of all 59 types creates a demand for a traversable route for non-motorized traffic that can’t be 60 met with the current infrastructure. The total estimated cost of $16 million includes 61 project planning and design, easement and right-of-way acquisition and construction 62 costs; and 63 64 WHEREAS, the projects will result in benefits to both the residents and businesses of the City of 65 Roseville and to non-resident visitors and businessesand documentation of the regional 66 significance of each project, including the share of the economic benefit to or use of each project 67 by persons residing, or businesses located, outside of the jurisdiction are set forth in the Case 68 Report prepared for this resolution and are incorporated herein by reference; and, 69 70 WHEREAS, the projects are estimated to cost approximately $60 million; and, 71 72 WHEREAS, the city estimates that a local sales tax of 0.5 (one-half) percent would generate 73 approximately $81 million over 15 years which is sufficient to cover the project costs plus interest 74 and other associated debt costs; and, 75 76 WHEREAS, the estimated local sales tax revenue and estimated time needed to raise that amount 77 of revenue for each project is as follows: 78 79 - Maintenance Facility: The city will collect $37,000,000, plus interest and other 80 associated debt issuance costs, over 15 years 81 - License Center: The city will collect $7,000,000, plus interest and other associated 82 debt issuance costs, over 15 years 83 - Hwy. 36 Pedestrian Bridge: The city will collect $16,000,000, plus interest and other 84 associated debt issuance costs, over 15 years 85 86 WHEREAS, funding the project with a local sales tax will most closely distribute the cost borne 87 by Roseville taxpayer for supporting the Roseville business community; and 88