2002_0114_packet - Laserfiche WebLink

Home

by future redevelopment prior to application for redevelopment dollars. In addition to ensure a successful project additional engineering real estate and financing planning is needed to provide a better understanding of the possible land use controls, to understand the current and anticipated market demands, and to provide for a clear assessment of development costs needed to implement the plan. 3.2 Five specific tasks were identified as necessary to complete in the grant application prior to entertaining development proposals in the Twin Lakes Business Park. 1) Update Infrastructure Plan for Twin Lakes Parkway — The Infrastructure Plan was prepared by BRW in 1996, prior to the approval of the 2001 master plan. The new proposed uses may require the plans to be modified and the costs to be adjusted. G r a n t I d e n t i f i e d Staff Rational Proposed Budget Consultant Fee $8,500. URSBRW Completed Initial Twin Lakes Parkway $7,700 Infrastructure Plan in 1996. Identified grant tasks would be a supplemental agreement to work done in 1996-7 and more efficient and less costiv to comnlete. 2) Market appraisals - Preliminaty land and appraisal will be critical in assuring value for the proforma and assist in identifying assessments as a portion of the future financing for the Parkway. At a later time, appraisals must be also done for the properties along the Twin Lakes Parkway right-of-way prior to issuing legal notices for the purchase of the right-of-way and commencing construction Grant Identified Staff Rational Proposed Budget Consultant Fee $15,000 Patchin This firm was recommended by the City $13,750 Messner & Attorney and is willing to provide limited Dodd summary appraisals for the identifed ROW parcels that will indicate relimina market value and a range of possible damages for fnancial planning analysis. These are not acquisition appraisals. RCA — Livable Opportunity Grant Authorization 2001 - Page 2