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Regular City Council Meeting Monday, April 12, 2010 Page 12 Ms. Bloom reviewed original cost allocations and their initial calculation based on cost per network trip; future improvement costs allocated proportionately to the appropriate redevelopment; roadway cost estimates based on concept sketches, lateral impacts, and major construction components and contingencies; and MnDOT 2007 average bid prices. Since that time, Ms. Bloom noted additional information now available, allowing for a more precise calculation, including: ^ Additional environmental clean up on Phase I; ^ Additional costs for building demolition; ^ Availability of actual right-of--way costs; ^ Actual construction and engineering costs to-date; ^ Engineer's estimates; ^ Adjustments for construction inflation; ^ Addition of grant funds received to-date; and ^ Addition of remnant parcels as they are sold. Ms. Bloom reviewed cost comparisons based on Traffic Consultant SRF calcula- tions, from November of 2008 to March of 2010 updates for this evolving project, using as an example the now-completed Metro Transit Park and Ride facility con- structed at Iona Lane and Mount Ridge Road, and allocation of those fixed costs throughout the development as applicable. Ms. Bloom noted that this updating would be ongoing as new developments came in and cost allocations were re- vised, based on those average cost per network trip allocations. Discussion among staff and Councilmembers included the complexity of this cal- culation system designed by SRF. Ms. Bloom also reviewed public utility cost allocations, with more detailed in- formation available at the upcoming public hearing, similar to the cost allocation study presented tonight, taking into consideration the overall area for sanitary sewer, storm sewer and water main costs for the area; however, noting that this calculation would be much less complex, and based on parcel size. Ms. Bloom reviewed the next steps, which would include meeting with interested parties regarding the updated study at the April 26, 2010 City Council meeting (Public Hearing); City Council consideration of approval of study updates; City Council consideration and approval of plans and specifications and ordering ad- vertisement for bids for Phase II of the infrastructure improvements from Cleve- land Avenue to the roundabout at Prior Avenue, and including a signal at Prior Avenue and County Road C; and City Council consideration and approval of amending the consultant contract. Councilmember Roe requested that staff attempt to provide larger-type or more readable spreadsheets for the Public Hearing scheduled for Apri126, 2010. 11. Public Hearings