Agenda - Council - 05/26/2015 - Laserfiche WebLink

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$390,000 will be required if the City is successful in obtaining the requested grant funding. Local match funds would come from the Public Improvement Revolving Fund, but any local cost share requests would require future Council approval. Staff previously received a letter of support from the Anoka County Parks Departments for this project, which requires Riverdale Drive to be extended across Anoka County Park property. This letter will be submitted with the City's funding application, along with the attached resolution and other required materials. Upon Council authorization to submit an application, staff will prepare as much of the application as possible using the materials previously prepared for the LRIP application. However, the services of Bolton Menk may be required if the development of any new application materials is required, but any such assistance is estimated to cost less than $1,000. Alternatives: Alternative #1 - Adopt Resolution #15-05-140 authorizing City staff to submit an application for $710,000 in grant funding from the MnDOT Metro Municipal Agreement Program to extend Riverdale Drive between Traprock Street and Ramsey Boulevard, south of Highway 10. Staff supports this alternative. Alternative #2 - Deny adoption of Resolution #15-05-140 at this time. Staff does not support this alternative. Funding Source: The estimated cost for extending Riverdale Drive between Traprock Street and Ramsey Boulevard is $1,100,000. If the City successfully obtains the requested grant funding of $710,000, an estimated local match of $390,000 will be required from the City but any local cost share requests would require future Council approval. Estimated costs for completing and submitting the application are less than $1,000 if the assistance of Bolton Menk is required. City staff will attempt to complete as much of the application as possible. Recommendation: City staff recommends adopting Resolution #15-05-140 authorizing City staff to submit an application for $710,000 in grant funding from the MnDOT Metro Municipal Agreement Program to extend Riverdale Drive between Traprock Street and Ramsey Boulevard, south of Highway 10. Action: Motion to: adopt Resolution #15-05-140 authorizing City staff to submit an application for $710,000 in grant funding from the MnDOT Metro Municipal Agreement Program to extend Riverdale Drive between Traprock Street and Ramsey Boulevard, south of Highway 10. Attachments Res 15 05 140 Hwy 10 Study Project Layout LRIP Funding Denial Ltr MMAP Project Solicitation Ltr Form Review Inbox Reviewed By Date Patrick Brama Patrick Brama 05/21/2015 05:29 PM Kurt Ulrich Jo Thieling 05/21/2015 05:31 PM Form Started By: Bruce Westby Started On: 05/21/2015 02:48 PM Final Approval Date: 05/21/2015