CC_Minutes_2008_0211 - Laserfiche WebLink

Home

Regular City Council Meeting Monday, February 11, 2008 Page 19 noted that staff, on a department-wide basis, had been meeting on a weekly basis as a Twin Lakes Operations Team, to consider and discuss all facets of this devel- opment area. Mr. Trudgeon noted that tonight's presentation would include an update regarding the Twin Lakes Redevelopment Project, specifically regarding the Twin Lakes AUAR Infrastructure Allocation Study, introduction of a policy framework re- garding the use of public funds within Twin Lakes for the purposes of discussion and City Council consideration. Staff also asked for Council discussion regarding the use of Springsted to assist the City in financial analysis throughout the project. Staff presented information regarding the McGough proposal for the PIK prop- erty. Referenced materials included the DRAFT Twin Lakes Allocation Study; DRAFT Twin lakes Public Financial Participation Framework; Springsted Pro- posal; Site Plan for McGough development proposal on the PIK Terminal site; and Twin Lakes Redevelopment Timeline. Mr. Trudgeon introduced Mr. Craig Vaughn of SRF Engineering to present the Twin Lakes AUAR Area Infrastructure Improvements and an Introduction to the Cost Allocation; Ms. Jamie Radel, City Economic Development Specialist to pre- sent the Public Financial Participation Framework Criteria and General Parame- ters; representatives of Springsted for financial modeling and analysis as the pro- ject proceeds, and requested action at tonight's meeting to engage this firm; and discussion of the concept plan for McGough Construction/PIK Terminal site re- development. Craig Vaughn, SRF and City Engineer Debra Bloom Mr. Vaughn provided an overview highlighting future infrastructure needs through the year 2030 and associated costs for those infrastructure needs, and as- signment of proportional costs to redevelopment parcels as a foundation. Discussion items included concept sketches for a sidewalk added to the south side of County Road D; a three-lane roadway section added to Fairview Avenue from County Road C-2 to County Road D; addition of two roundabouts to the Twin Lakes Parkway design; inclusion of sidewalk installation when a roadway is com- pletely overhauled; and potential neighborhood impacts. Mr. Trudgeon noted that impacts related to Scenario A (big box retail) were ex- tremely significant, with some mitigation not feasible, and therefore not studied, and advised that environmental remediation was beyond the scope of this infra- structure study. Further discussion included clarification that cost estimates, based on concept sketches, were based on lateral measurements and didn't account for topographic