Agenda - Council - 03/10/2015 - Laserfiche WebLink

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CC Regular Session Meeting Date: 03/10/2015 Submitted For: Patrick Brama, Administrative Services By: Patrick Brama, Administrative Services 7. 2. Information Title: Authorize Professional Services, Cost -Share Agreement, and Review Updates Related to the Future Ramsey Business Park Purpose/Background: PURPOSE: 1. Consider authorizing work outlined in the attached RFQ (also see Bolton & Menk proposal) 2. Consider authorizing cost -share model agreement for professional services outlined in RFQ 3. Review updates: (ACG Consulting analysis, staff update, etc.). BACKGROUND: Attached to this case is background information on the (A) the future business park, (B) EDA direction related to the Future Business Park, (C) the RFQ for professional services, (D) map of previous City of Ramsey business parks, and (E) process taken thus far/next steps. This case was reviewed by the EDA on March 05. EDA comments are included in the "recommendation" section of this case. Scope of RFQ Services: Completion of a traffic impact study, feasibility report, and preliminary design layout of infrastructure improvements associated with the City's future business park. Improvements would be limited to (1) Bunker Lake Boulevard, between Armstrong Boulevard and Puma Street; and, (2) Puma Street, between Bunker Lake Boulevard and Alpine Drive; see Appendix of the attached RFQ for details. Outcome of RFQ Services? Why should the City participate in the professional services outlined in the attached proposal from Bolton & Menk? (1) In order for the City to determine the feasibility of a new business park, and what the "cost -benefit" a new business park provides for the community, an analysis of the "input costs" needs to be conducted. The study Bolton & Menk has proposed will provide a base line estimation of "input costs" for the future business park. This study will provide a foundation of information for future policy discussions amongst the EDA and City Council (i.e. feasibility, layouts, staging of improvements, next steps, etc.). (2) Prospect end-users need to understand the costs associated developing property in the future business park area. This study will provide a baseline estimation of costs that will provide clarity to existing property owners and prospect end-users (for arterial infrastructure). This information will aid marketing/negotiating efforts by Staff/CBRE. Not having this information in hand makes marketing/negotiating efforts very challenging. NOTE: the City is NOT proposing to own the identified future business park. Notification: NA Observations/Alternatives: