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Grant Identified Staff Rational Propose Budget Consultant d Fee $15,000 Krass Monroe Krass Monroe is a respected development $10,000 finance company familiar with other similar north metro projects. The company is familiar with the project and prepared some initial analysis to assist staff in the completion of the Twin Lakes Master Plan update. In addition, similar analysis was completed for New Brighton. All these factors will decreases the learning curve of the consultant and result in more detailed analysis at less cost. 4) Complete a market study to ensure that the mix of uses are feasible - Although staff has discussed the uses with developers and private companies, it is necessary that a market review be completed to ensure the longevity of the proposals since value and sustainability will be critical to the success of the project. Grant Budget Amount -$25,000, consultant yet to be determined. 5) Prepare more refined design plans & Design Standards Manual for Mixed- Use Business Parks - Refined plans will encourage greater integration of land uses. The City will develop a land use guide manual and updated ordinance that outlines the City's expectations for building types, innovative techniques for dealing with storm water retention, connectivity between sites and recommendations for designing projects using livable community and smart growth principles. Grant Budget Amount -$20,000, consultant yet to be determined. 4.0 Policy Implication/Fiscal Impact 4.1 Twin Lakes planning has required significant financial and staff resources from the City over the past two years. Many of the tasks identified above, funded by the grant, require outside resources that are beyond the scope of the Community Development staff capabilities or time and department budget. The implementation of the grant is critical to continuing with the future redevelopment success of Twin Lakes and the results will be essential for future Federal, State, Regional and County financial support. 4.2 Staff has identified consultants from the City's consultant pool to assist in the completion of tasks 1-3. It is anticipated that staff will come back in February for additional approval of consultants to complete tasks 4& 5. Each one of the tasks will be completed within the approved grant budget in 2002. RCA — Livable Opportunity Grant Authorization 2001 - Page 3