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b~ <br />(5) import Environs <br />Airlake Airport is located just south of the City of Lakeville, approximately <br />14 nautical miles south of Minneapolis-St. Paul International Surrounding land uses <br />include a large industrial park just north of the airport. The remainder of the <br />property bordering the airport is composed of agricultural land uses with scattered <br />single-family homes. Interstate 35, located approximately four miles west of the <br />airport, provides access to the City of Minneapolis located 20 miles to the north. <br />The airport is bordered by Iiighview Aveaue to the west, Cedar Avenue to the east, <br />225th Street to the south, and 220th Street to the north. <br />The airport land envelope contains approximately 565 acres. Future on- <br />airport development will most likely occur to the south of Runway 11/29. This azea <br />is more than adequate to accommodate planned landside improvements. An <br />additional 50 acres will need to be acquired to accommodate a crosswind runway. <br />(6) Funding Requirement <br />Development costs for the airport were obtained from the MAC capital <br />improvement plan, recommended projects from the 1989 Airiake Airport <br />Comprehensive Airport Development Plan, and average construction cost estimates. <br />Development costs for the short-term period are estimated at 52.4 million. All <br />projects recommended in this period aze recommended in MAC's five-yeaz capital <br />improvement ptan. Major projects (land acquisition, south building azea <br />development, and the construction of a partial parallel taxiway) aze all associated <br />with development on the south side of Runway 11/29. <br />Six of the seven mid-term development projects are recommended in the 1989 <br />Airlake Airport Comprehensive Airport Development Plan. Major projects include <br />• extending Runway 11/29 by 900 feet, extending the taxiway, and constructing hangars <br />V-94 <br />