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Regular City Council Meeting Monday, June 9, 2008 Page 21 UPA funding was to alleviate traffic on I-35W overall. Mr. Jones noted that UPA prerequisites and considerations for sites were based on location, user capacity and service, and availability of land for sale or redevelopment that would be con- ducive to a new facility. Mr. Jones reviewed in detail ridership survey informa- tion; proposed use of County Road C to route traffic to the proposed new location; access to and from the site for buses and customers; contact with several property owners in the Twin Lakes area and the unavailability of most of those properties in proposed development projects, with the exception of the Old Dominion site and ultimate coordination with Cent Ventures in securing some of the property and their flexibility in a development plan over the last 6 - 8 months of discus- sions. Mr. Jones noted that the Met Transit would propose to pay for construction of Iona, with the proposed structure located on the northeast corner of the prop- erty and eventual access on Iona, while current use would be accessed on Cleve- land Avenue. Mr. Jones reviewed the conceptual Site Plan; noting that keeping the structure's footprint as small as possible on the 1.27 acre site was important, in addition to realizing the tax issues for the City, and anticipated a capacity of 400-450 spaces in a 3 level ramp. Mr. Jones reviewed exterior elevations from other Park and Ride sites recently constructed in Minnetonka; Brooklyn Park; Coon Rapids; and in Bloomington near the Mall of America. Mr. Jones expressed willingness to • work with staff to come up with compromises as to aesthetics and function for all parties. Discussion included the process in Twin Lakes for a Planned Unit Development for all projects; revision of the plat to rearrange some of the lot lines to create the lot at the northeast corner; ownership of the land and ramp by Metro Transit as a requirement of the UPA, typical of most of their facilities; rationale for the loca- tion of the ramp in the NE corner of the site rather than closer the I-35W ramp in order to work within the development envisioned by staff and the developers; in- clusion of indoor space for passengers, as well as a drop off site and space for bike storage; current capacity of 375 spaces at Rosedale, which this could replace depending on lease extension negotiations in 2011; transit hub at Rosedale re- maining at least until 2017 lease expiration and results of those negotiations; and logistics for connections from the transit hub component and Park and Ride facil- ity. Further discussion included Mr. Jones confirming that Met Transit Council had authorized entering into a Purchase Agreement with the controlling party of the Old Dominion properties; timing of the proposal being pushed by the UPA grant, and the need to have a design and other work in place to begin construction at the start of 2009; future potential for an additional Park and Ride site on the south portion of the City, closer to Highway 36. •