Agenda - Council - 05/13/2008 - Laserfiche WebLink

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By including these additional elements with this project we can take advantage of economies of scale and reduce restoration costs associated with installing the watermain alone; as the proposed trail and access road/parking facilities would be within the same alignment as the watermain. Acquiring the remnant MPCA property will create the greatest flexibility of use, and keep open the opportunity for future improvements /connections should priorities and funding options change; including the possibility of a future subdivision of DUCK RIDGE and the creation of an additional buildable parcel. Funding: The watermain portion of this project is contemplated in the current CIP, and is proposed to be funded through the Water Utility Fund. The trail construction would be funded through the City Trail Fund. The access road /parking facilities is also contemplated in the current CIP and would be funded through the Lawful Gambling Fund. Financing for the property acquisition of Lot 2, Block 6 PELTZER ADDITION will be split 50 — 50 between the Water Utility and Trail Funds. Below is a summary of the financing for various elements of the proposed improvements: Funding Source Water Utility Fund City Trail Fund Lawful Gambling Fund TOTAL Recommendation: Staff recommends that City Council authorize the preparation of plans and specifications for construction of the watermain loop, installation of the trail connection, and construction of the park access /parking facilities; including the acquisition of Lot 2, Block 6 PELTZER ADDITION. Council Action: Motion to approve City Project #08 -29, Alpine Park watermain looping, including the acquisition of Lot 2, Block 6 PELTZER ADDITION from the MPCA, and order the preparation of plans and specifications for such improvements; including a trail connection to and access /parking facilities within Alpine Park. Attachment: Location Map Reviewed by: City Administrate Public Works Direc o .'r ncipal Engineer CC: 05/13/08 Watermain Park Trail Property Total lAcip_iim Improvements Improvements Acquisition Project $250,000 $ $ $12,500 $262,500 $ - $ - $115,000 $12,500 $127,500 $ - $75,000 $ - $ - $75,000 $250,000 $75,000 $115,000 $25,000 $465,000