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REQUEST FOR CITY COUNCIL ACTION DATE: 6/17/02 ITEM NO: ��, $, �e��rtr�prer��,�p�r��al: . ManagerApproval: Agenda Section: CONSENT �ri�ti�n' Llivable Communities DemonstrationApplication Twin Lakes Business Park 1.0 ReauestedAction 1.1 City staff is requesting authorization to submit a grant application within the Metropolitan Livable CommunitiesDemonstrationProgramfor assistance in the construction ofthe Twin Lakes Parkway. 2.0 Backaround 2.1 Since 1996, the Metropolitan Council has provided funding to innovative proj ects that promote a livable community under the Livable Communities Demonstration Program. 2.2 According to the Metropolitan Council, livable communities are oriented toward a transit- and pedestrian-friendly environment in neighborhoods with a mix of uses essential to daily life of the residents including housing, workplaces, shops, parks and civic uses. Livable communities foster a sense of place and community, where interaction and participation in the community can occur. Land uses are compact and connected, encourage walking and transit use, and accommodate both the car and pedestrian in a pleasing and interconnected manner. 2.3 There are $6.75 million in available funds for the 2002 cycle. Applications are due July 15,2002 and a supporting resolution by the local unit of government is required to followby August 15,2002. If the proj ect is approved for funding, the city would be required to enter into a cooperative agreement with the Metropolitan Council and funds would be available in 2003. 2.4 As part of this funding cycle, staff is recommending the submission of an application that would request $1,000,OOOto apply towards the construction of the Twin Lakes Parkway. 3.0 Annlication Request 3.1 The Twin Lakes proposal includes the phase I construction of the Twin Lakes Parkway beginning at Cleveland Avenue up to the Indianhead site. This phase includes the purchase of road right of way which is currently on the market. 3.2 The construction of the Parkway is critical to improving the access to the interior of the 275-acre area and encouraging the market-driven redevelopment of the underutilized parcels. The Parkway will serve as the gateway to Twin Lakes because it will provide direct access to the reconfigured I3 5 W ramp on Cleveland Avenue. In addition, pathways along the Parkway and through the sites will improve connections between the future office uses, multifamily residences, and Langton Lake. RCA — Livable Grarrt Authorization 2002 - Page 1 of 2