Agenda - Council Work Session - 04/12/2011

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If the property owners are unwilling to sell the easements outlined above it would be extremely difficult to construct the trail segments without significant deviations from standards. Additional information will be available at the meeting, as these matters are dealing with property acquisition and are therefore confidential. Funding Source: Implementation of the intersection signalization project is part of the COR Regional Roadway Improvements and was included in the CIP with GO Bonding identified as the funding source; these improvements are now expected to be funded by Minnesota State Aid (MSA) revenue bonds and the appropriate City utility funds. The required LCA development improvements are to be funded with special assessment bonds and charged back to the benefiting properties. The cost of the construction work has been estimated at $3.8 million, with approximately $1.8 million being paid via assessments to the LCA property and the remaining amount being paid by City utility funds and MSA revenue bonds. Acquisition of these easements has not been included in the above estimates and will need to added to the overall project budget. Both of these easements should be eligible for MSA reimbursement, but staff will follow -up with MnDOT to determine whether that is the case prior to the meeting. Council Action: Based upon discussion. Proposed Puma St. cross - section Proposed Puma St. construction plans Attachments Form Review Inbox Reviewed By Date Brian Olson Brian Olson 04/07/2011 01:53 PM Kurt Ulrich Kurt Ulrich 04/07/2011 03:18 PM Form Started By: Tim Himmer Started On: 04/04/2011 04:00 PM Final Approval Date: 04/07/2011