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Costs: The costs of both the Local Initiative Project and the STP Project are attached. The Local Initiative Project was given a lump sum $432,000 contribution by MnDOT, with the City picking up the remaining costs other than Anoka County share. Anoka County has budgeted $250,000 for 1998 to cover its costs associated with relocating and signalizing C.S.A.H. #5. The City has proposed using TIF funds for its share of the Local Initiative Project. The STP Project is a federal funded program which 80% of the construction costs is covered by federal moneys. The remaining 20% of the construction costs and all engineering, development, and right-of-way acquisition costs would be borne by the City as the lead agency. Funding for the STP program could come from T1F funds or MSA off-system funds. Additionally, in 1999 an overlay project for T.H. #47 is being proposed by MnDOT to extend from C.S.A.H. #5 to the northern city limits. Staff is inquiring whether some of those dollars could be applied to the STP project costs. Also, the question may arise with MnDOT as to whether the $432,000 earmarked for the Local Initiative Project could be allocated to the STP project since the Local Initiative Project is entirely inclusive of the project limits of the STP project Access Rights: MnDOT has requested the City to obtain rights-of-access on the Local Initiative Project. The submittals for the STP project application include the access management recommendations from the T.H. #47 corridor which propose closing 20 of the 25 access locations within the project limits. Over half of these accesses will disappear with the acquisition of right-of-way. Remaining existing accesses are proposed to be relocated to future City streets when they are constructed. In addition, there is also the issue of access rights to present undeveloped property. MnDOT has requested the City to obtain rights of access on the Local Initiative Project (see item 3 of letter from Mr. Kevin Hoglund dated March 21, 1997), and it is foreseeable that access control will be an issue with the STP Project as well. This issue should be pursued to determine the extent to which rights of access will be desired by MnDOT and the extent with which they may negotiate. Consideration of Pursuing Local Initiative Project: Currently, Anoka County has $250,000 budgeted for the relocation of C.S.A.H. //5 in conjunction with the Local Initiative Project scheduled for 1998. If this project is delayed until the year 2001 when construction starts, this funding might be jeopardized. It may be worth considering pursuing a portion of the Local Initiative Project as scheduled in 1998. This could also mean capturing the $432,000 lump sum contribution proposed by MnDOT. MnDOT's commitment was contingent upon the City constructing the second half of the project without MnDOT assistance, but since this project would be constructed within a year or two, they may be open to this proposal.