2009_0720_Packet - Laserfiche WebLink

Home

staff will be recommending #hat the Mt. Ridge ri�ht-of-��ay be vacated as fhere is not a transportation reason for the City to keep ii. If tlie Maunc Rid�e ri�lzt-of-way is vacatcd, the property will revert to adjacent property o�v�iers pt�rsuant to Minnesota State Statutes 462.358(7). Below is a pro�oscci schedule for tlae �acatioai of the Mt. Ridge right-of-way: Public Hearing Notice in Official Newspaper — May l 9, 200) PIani�ii�g Cotxinl. Pllb. HearinglRecami��endation — Jt��.rse 3, 2009 City Council Consideration — June 8, 2009 �. Condition of Pxoperty: The City agrees to the take the property "as is" az�d ti�ill undertake tlle necessary- environmental renaediatian and pay fo� tllose costs. At this point, enviromnentai remediation costs for the road co«structiozl 11ave not Ueen factared inta the Twin Lak�s Tnfi-astructure Tmprovet�zent Stt�dy. TI1e City may, in ti�e future at their drscretion, consider amvi�diil� the Twin Lakes �nfrasti-ucture Iit�provement S�udy to include tl�e environmental i•emediation costs for the right-of-way. If that occui�s, the environiilental ��emediatioi� casts will be paid by all property ov�mersldevelopers (inclt�di�l;� yaur properties) based on the number o�networked trips eac11 �roperty generates. Govern�lie�lt Grant Ft�nds: The Gity will continue to pursue couizty, state, ai1c� federal �ra��t dollars to assist in fhe eonstniction of infrastructure and tlle remediatior� of en�-iraiulienial issues within the Twin Lakes area. It is anticipated tlzat, at1 a�1 ann�Fal hasis, as tl3e City receives grants that reduce to the cost of constnictin� the i��frastz-ucture as de�ned by the Twin Lakes Tnfrasiructure In�provemcnt 5tudy ai�d e�pends �hose grant dolIars, the Twin Lakes Infrastruct��re Inlprovemet�t Study ��ould be adjusted to rcf�ect tl�e outside �undillg. In the same maa�ner, the city will ani��ally revie�v the cost assumptions contained in #he Twin Lakes Infrastnicture Improvement Study to determine if th�y need to be inereased due to inflationary or construction cost iilcreases. Therefore, as the T«in Lakes Infrastructure Improvemcnt Stttdy is a��nu��lly adjusted, tI�e actua] amaunt owed by a developer/property owner will chan�e based on tl�e above men�iailed variables. It should be noted tk�at a pro��erty o�vnei•I'dcveloper is ef%ctively "locked into" a cost based on tl�eir developinei�i ai tl�e titne of the approval of fhai development. Any adjustments niade to tfle allocati.oia �3tireenie�it after the payment amou�it is agreed to between the City and pro�crty o��ner r��ill nat lle rebateci back ( in the case the project cosis go dow�i) nor �vill additiozlal f�rnds be coilected from the developer (in the case tl�e project costs �o u�). However, in the spirit of leveraging otl�er fiinds in order to n�ake ihe proj ect more financiaily feasible, the City, as individual property owners cai��e forward ��•ith specific developil�ent proposais, wili con#inue to work with tl�e property a��m�r.'developer and address in a mutually agreeable manner any expected or pcndi��g grant fi.nds as part of the specific development agreet�zent.